VF (NYSE:VFC) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of VF (NYSE:VFC) in a report published on Friday morning, MarketBeat reports. The firm issued a hold rating and a $20.00 target price on the textile maker’s stock.

A number of other analysts have also weighed in on VFC. Barclays raised shares of VF from an equal weight rating to an overweight rating and raised their price target for the company from $19.00 to $22.00 in a report on Wednesday, September 18th. Robert W. Baird lifted their target price on VF from $13.00 to $17.00 and gave the company a neutral rating in a research note on Wednesday, August 7th. Wedbush restated a neutral rating and set a $13.00 target price on shares of VF in a research report on Monday, August 5th. BMO Capital Markets raised their price target on VF from $13.00 to $14.00 and gave the company a market perform rating in a report on Wednesday, August 7th. Finally, UBS Group boosted their price objective on VF from $12.00 to $17.00 and gave the stock a neutral rating in a report on Friday, August 16th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $16.41.

VF Stock Up 1.7 %

Shares of VFC opened at $19.57 on Friday. The business’s 50 day simple moving average is $17.51 and its 200-day simple moving average is $14.87. VF has a one year low of $11.00 and a one year high of $20.69. The company has a market capitalization of $7.62 billion, a P/E ratio of -7.83, a PEG ratio of 2.15 and a beta of 1.53. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.99 and a quick ratio of 0.51.

VF (NYSE:VFC) last announced its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.04. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.85 billion. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.15) earnings per share. As a group, sell-side analysts predict that VF will post 0.72 EPS for the current fiscal year.

VF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Tuesday, September 10th. VF’s dividend payout ratio (DPR) is -14.40%.

Insider Activity at VF

In other VF news, Director Richard Carucci bought 15,000 shares of the firm’s stock in a transaction 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 purchase, the director now owns 230,178 shares in the company, valued at $3,843,972.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

Institutional Trading of VF

Several hedge funds have recently bought and sold shares of the stock. Mather Group LLC. bought a new stake in shares of VF during the first quarter worth $27,000. Future Financial Wealth Managment LLC bought a new position in VF during the 1st quarter worth about $31,000. Northwest Investment Counselors LLC acquired a new stake in shares of VF in the 1st quarter valued at about $39,000. Bank & Trust Co bought a new stake in shares of VF in the second quarter valued at about $35,000. Finally, Versant Capital Management Inc boosted its position in shares of 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 buying an additional 2,583 shares during the period. 86.84% of the stock is currently owned by institutional investors and hedge funds.

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.