VF Corporation (NYSE:VFC) Receives $22.75 Average PT from Brokerages

VF Corporation (NYSE:VFC) has earned an average recommendation of “Hold” from the twenty-one analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $22.75.

Several research analysts recently weighed in on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $21.00 price objective on shares of VF in a research report on Wednesday, January 29th. The Goldman Sachs Group lifted their target price on shares of VF from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Wells Fargo & Company raised their price objective on VF from $17.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, January 30th. Truist Financial reissued a “hold” rating and issued a $24.00 target price (up previously from $20.00) on shares of VF in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. raised their price target on VF from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th.

Hedge Funds Weigh In On VF

Hedge funds have recently bought and sold shares of the business. CKW Financial Group increased its stake in shares of VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares in the last quarter. Arkadios Wealth Advisors grew its stake in shares of VF by 5.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after buying an additional 1,217 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of VF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after buying an additional 3,008 shares in the last quarter. Fiduciary Alliance LLC lifted its holdings in shares of VF by 6.8% in the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after acquiring an additional 16,431 shares during the last quarter. Finally, Hanseatic Management Services Inc. purchased a new position in shares of VF in the 3rd quarter worth approximately $640,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

VF Trading Down 0.1 %

Shares of VF stock opened at $25.23 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31. The stock has a fifty day simple moving average of $23.84 and a 200 day simple moving average of $20.88. VF has a 12-month low of $11.00 and a 12-month high of $29.02. The company has a market capitalization of $9.83 billion, a P/E ratio of -21.20, a price-to-earnings-growth ratio of 6.77 and a beta of 1.46.

VF (NYSE:VFC) last issued its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. During the same quarter last year, the company posted $0.57 earnings per share. On average, sell-side analysts anticipate that VF will post 0.73 earnings per share for the current fiscal year.

VF Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Monday, March 10th. VF’s dividend payout ratio is currently -30.25%.

About VF

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.