V.F. Co. (NYSE:VFC) Plans Quarterly Dividend of $0.09

V.F. Co. (NYSE:VFC) declared a quarterly dividend on Tuesday, August 6th, Wall Street Journal reports. Shareholders of record on Tuesday, September 10th will be given a dividend of 0.09 per share by the textile maker on Wednesday, September 18th. This represents a $0.36 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Tuesday, September 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 34.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect V.F. to earn $1.04 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 34.6%.

V.F. Stock Performance

Shares of VFC opened at $17.68 on Friday. The stock has a 50-day simple moving average of $16.14 and a 200-day simple moving average of $14.62. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. The stock has a market capitalization of $6.88 billion, a PE ratio of -7.07, a PEG ratio of 1.86 and a beta of 1.53. V.F. has a 1 year low of $11.00 and a 1 year high of $20.69.

V.F. (NYSE:VFC) last announced its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.04. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.85 billion. V.F. had a positive return on equity of 11.75% and a negative net margin of 11.39%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.15) EPS. On average, analysts predict that V.F. will post 0.79 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Richard Carucci purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was purchased at an average cost of $16.70 per share, with a total value of $250,500.00. Following the completion of the acquisition, the director now directly owns 230,178 shares in the company, valued at $3,843,972.60. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Richard Carucci acquired 15,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was bought at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the transaction, the director now owns 230,178 shares in the company, valued at $3,843,972.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bracken Darrell bought 75,200 shares of the stock in a transaction dated Monday, June 10th. The stock was purchased at an average cost of $13.26 per share, for a total transaction of $997,152.00. Following the acquisition, the insider now owns 219,972 shares of the company’s stock, valued at $2,916,828.72. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 115,200 shares of company stock valued at $1,592,152. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VFC. Wedbush reiterated a “neutral” rating and issued a $13.00 price objective on shares of V.F. in a research note on Monday, August 5th. Stifel Nicolaus decreased their target price on V.F. from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. StockNews.com upgraded V.F. from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. The Goldman Sachs Group decreased their target price on V.F. from $12.50 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, May 23rd. Finally, Citigroup upgraded V.F. from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $11.00 to $20.00 in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, V.F. currently has an average rating of “Hold” and an average target price of $15.56.

V.F. Company Profile

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.