Brokerages Set VF Corporation (NYSE:VFC) Price Target at $17.24

Shares of VF Corporation (NYSE:VFC) have been given a consensus rating of “Hold” by the nineteen analysts that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $17.24.

Several equities research analysts recently issued reports on VFC shares. The Goldman Sachs Group started coverage on shares of VF in a research report on Friday, October 11th. They set a “neutral” rating and a $20.00 price objective for the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $19.00 price target on shares of VF in a research report on Wednesday. Wells Fargo & Company cut 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. Jefferies Financial Group started coverage on VF in a research note on Friday, September 27th. They issued a “hold” rating and a $20.00 price target on the stock. Finally, Robert W. Baird raised their price objective on VF from $13.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th.

VF Trading Down 3.4 %

VFC opened at $17.18 on Friday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.99 and a quick ratio of 0.51. The company’s 50 day simple moving average is $18.54 and its two-hundred day simple moving average is $15.50. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of -6.87, a price-to-earnings-growth ratio of 2.19 and a beta of 1.53. VF has a 1-year low of $11.00 and a 1-year high of $21.40.

VF (NYSE:VFC) last released its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.04. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. Analysts expect that VF will post 0.73 EPS for the current fiscal year.

VF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th were issued a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.36 dividend on an annualized basis and a yield of 2.10%. VF’s dividend payout ratio (DPR) is presently -14.40%.

Insiders Place Their Bets

In related news, Director Richard Carucci acquired 15,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was acquired at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the purchase, the director now owns 230,178 shares of the company’s stock, valued at $3,843,972.60. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On VF

Institutional investors have recently modified their holdings of the company. Mather Group LLC. purchased a new position in VF in the first quarter valued at $27,000. Future Financial Wealth Managment LLC purchased a new position in shares of VF in the 1st quarter valued at about $31,000. Bank & Trust Co acquired a new stake in shares of VF during the 2nd quarter worth about $35,000. Versant Capital Management Inc lifted its stake in VF by 6,981.1% during the second quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock worth $35,000 after purchasing an additional 2,583 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in VF in the first quarter valued at approximately $39,000. 86.84% of the stock is owned by hedge funds and other institutional investors.

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.