V.F. Corporation (NYSE:VFC) has been assigned a consensus rating of “Hold” from the twenty-three ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $59.50.
A number of brokerages recently issued reports on VFC. Forward View restated a “hold” rating on shares of V.F. Corporation in a research report on Tuesday, August 15th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $75.00 price target (up from $70.00) on shares of V.F. Corporation in a research report on Tuesday, August 15th. Piper Jaffray Companies set a $58.00 price target on V.F. Corporation and gave the stock a “hold” rating in a research report on Monday, August 14th. Stifel Nicolaus restated a “hold” rating and issued a $60.00 price target (up from $57.00) on shares of V.F. Corporation in a research report on Monday, August 14th. Finally, Buckingham Research raised their price target on V.F. Corporation from $55.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 15th.
Shares of V.F. Corporation (NYSE VFC) traded down 0.65% during midday trading on Tuesday, hitting $62.48. 1,880,409 shares of the stock were exchanged. The firm’s 50-day moving average is $62.48 and its 200 day moving average is $56.61. The firm has a market cap of $24.59 billion, a PE ratio of 23.84 and a beta of 0.78. V.F. Corporation has a 52-week low of $48.05 and a 52-week high of $64.51.
V.F. Corporation (NYSE:VFC) last posted its earnings results on Monday, July 24th. The textile maker reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.31 billion. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. On average, analysts forecast that V.F. Corporation will post $2.97 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 8th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, September 7th. V.F. Corporation’s payout ratio is presently 64.86%.
In other V.F. Corporation news, Chairman Eric C. Wiseman sold 290,021 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $63.15, for a total value of $18,314,826.15. Following the completion of the transaction, the chairman now directly owns 552,426 shares of the company’s stock, valued at $34,885,701.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Aidan O’meara sold 29,336 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $62.54, for a total value of $1,834,673.44. Following the completion of the transaction, the vice president now directly owns 120,680 shares of the company’s stock, valued at $7,547,327.20. The disclosure for this sale can be found here. Insiders sold 453,152 shares of company stock valued at $28,649,326 over the last three months. 1.60% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Orrstown Financial Services Inc. increased its position in shares of V.F. Corporation by 9.2% in the second quarter. Orrstown Financial Services Inc. now owns 1,780 shares of the textile maker’s stock valued at $103,000 after buying an additional 150 shares in the last quarter. TrimTabs Asset Management LLC purchased a new stake in shares of V.F. Corporation in the first quarter valued at approximately $121,000. WFG Advisors LP increased its position in shares of V.F. Corporation by 7.4% in the first quarter. WFG Advisors LP now owns 2,480 shares of the textile maker’s stock valued at $136,000 after buying an additional 170 shares in the last quarter. Zions Bancorporation increased its position in shares of V.F. Corporation by 1.5% in the first quarter. Zions Bancorporation now owns 2,575 shares of the textile maker’s stock valued at $140,000 after buying an additional 38 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd purchased a new stake in shares of V.F. Corporation in the first quarter valued at approximately $148,000. 89.10% of the stock is owned by institutional investors.
V.F. Corporation Company Profile
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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