V.F. Co. (VFC) to Issue Quarterly Dividend of $0.09 on June 20th

V.F. Co. (NYSE:VFCGet Free Report) declared a quarterly dividend on Wednesday, May 22nd, Wall Street Journal reports. Investors of record on Monday, June 10th will be given a dividend of 0.09 per share by the textile maker on Thursday, June 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Monday, June 10th.

V.F. has decreased its dividend payment by an average of 20.0% annually over the last three years. V.F. has a payout ratio of 21.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect V.F. to earn $1.68 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 21.4%.

V.F. Stock Down 2.9 %

NYSE:VFC opened at $11.97 on Friday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23. The company has a market cap of $4.65 billion, a PE ratio of -4.79, a PEG ratio of 1.43 and a beta of 1.49. V.F. has a 52-week low of $11.00 and a 52-week high of $21.17. The stock has a 50-day simple moving average of $13.29 and a 200 day simple moving average of $15.65.

V.F. (NYSE:VFCGet Free Report) last posted its quarterly earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34). The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.42 billion. V.F. had a negative net margin of 9.27% and a positive return on equity of 12.18%. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 earnings per share. On average, sell-side analysts expect that V.F. will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

VFC has been the subject of a number of analyst reports. Robert W. Baird decreased their price target on V.F. from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday. Wedbush cut their price objective on V.F. from $15.50 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday. BNP Paribas reaffirmed a “neutral” rating and issued a $14.00 price objective (down from $18.00) on shares of V.F. in a research report on Friday, April 12th. Williams Trading reaffirmed a “sell” rating on shares of V.F. in a research report on Thursday, January 25th. Finally, TD Cowen cut their price objective on V.F. from $14.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.59.

Read Our Latest Stock Report on VFC

V.F. Company Profile

(Get Free Report)

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.

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Dividend History for V.F. (NYSE:VFC)

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