VF Corporation (VFC) to Issue Quarterly Dividend of $0.09 on March 20th

VF Corporation (NYSE:VFC) declared a quarterly dividend on Wednesday, January 29th, RTT News reports. Shareholders of record on Monday, March 10th will be paid a dividend of 0.09 per share by the textile maker on Thursday, March 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Monday, March 10th.

VF has decreased its dividend by an average of 43.3% annually over the last three years. VF has a payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect VF to earn $1.07 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 33.6%.

VF Trading Down 7.0 %

Shares of VF stock opened at $19.13 on Friday. VF has a fifty-two week low of $11.00 and a fifty-two week high of $29.02. The firm has a market cap of $7.45 billion, a PE ratio of -16.07, a P/E/G ratio of 6.77 and a beta of 1.46. The business’s fifty day moving average is $24.02 and its two-hundred day moving average is $21.17. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31.

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

Analysts Set New Price Targets

VFC has been the subject of several recent analyst reports. Robert W. Baird raised their target price on VF from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. The Goldman Sachs Group increased their price target 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. UBS Group increased their price target on shares of VF from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Wells Fargo & Company reduced their price target on shares of VF from $21.00 to $18.00 and set an “underweight” rating on the stock in a research report on Friday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price target on shares of VF in a research report on Friday. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, VF currently has an average rating of “Hold” and a consensus price target of $22.90.

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.