Brokerages Set VF Corporation (NYSE:VFC) Target Price at $18.29

Shares of VF Corporation (NYSE:VFC) have received a consensus recommendation of “Hold” from the twenty analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $18.78.

Several equities research analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of VF from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Wells Fargo & Company downgraded shares of VF from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $16.00 to $15.00 in a research note on Monday, October 14th. Argus raised shares of VF to a “hold” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. upped their target price on shares of VF from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Finally, TD Cowen upped their target price on shares of VF from $16.00 to $19.00 and gave the stock a “hold” rating in a research note on Tuesday, October 29th.

VF Price Performance

Shares of VFC stock opened at $21.03 on Friday. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. The firm’s 50-day moving average is $20.02 and its two-hundred day moving average is $17.35. VF has a 12 month low of $11.00 and a 12 month high of $23.09. The company has a market capitalization of $8.19 billion, a PE ratio of -12.30, a price-to-earnings-growth ratio of 8.18 and a beta of 1.49.

VF (NYSE:VFC) last announced its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.72 billion. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the business earned $0.63 earnings per share. Analysts predict that VF will post 0.48 earnings per share for the current year.

VF Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Tuesday, December 10th. VF’s payout ratio is -20.81%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VFC. Future Financial Wealth Managment LLC acquired a new position in shares of VF in the 3rd quarter valued at $40,000. Abich Financial Wealth Management LLC acquired a new stake in VF during the 2nd quarter worth $60,000. Banque Cantonale Vaudoise boosted its stake in VF by 113.3% during the 2nd quarter. Banque Cantonale Vaudoise now owns 6,860 shares of the textile maker’s stock worth $93,000 after purchasing an additional 3,644 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in VF during the 2nd quarter worth $103,000. Finally, Kessler Investment Group LLC boosted its stake in VF by 49.2% during the 2nd quarter. Kessler Investment Group LLC now owns 9,347 shares of the textile maker’s stock worth $126,000 after purchasing an additional 3,084 shares during the period. Institutional investors and hedge funds own 86.84% of the company’s stock.

About VF

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