Shares of V.F. Corp. (NYSE:VFC) have earned an average rating of “Hold” from the twenty-seven brokerages that are covering the company. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $68.47.
VFC has been the subject of a number of recent analyst reports. Canaccord Genuity reiterated a “buy” rating and set a $76.00 target price on shares of V.F. Corp. in a research report on Sunday, September 11th. Buckingham Research cut shares of V.F. Corp. from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $60.00 in a research report on Friday, September 2nd. Wells Fargo & Co. reiterated a “market perform” rating and set a $58.00 target price (up previously from $57.00) on shares of V.F. Corp. in a research report on Monday, September 12th. They noted that the move was a valuation call. Bank of America Corp. cut shares of V.F. Corp. from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $73.00 to $54.00 in a research report on Thursday, September 15th. Finally, Zacks Investment Research upgraded shares of V.F. Corp. from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Tuesday, July 5th.
In related news, Director Clarence Otis, Jr. sold 25,540 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $62.12, for a total transaction of $1,586,544.80. Following the transaction, the director now directly owns 37,510 shares in the company, valued at $2,330,121.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Eric C. Wiseman sold 264,816 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $64.55, for a total transaction of $17,093,872.80. Following the transaction, the chief executive officer now owns 756,198 shares in the company, valued at $48,812,580.90. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. purchased a new position in shares of V.F. Corp. during the first quarter worth $484,000. Aperio Group LLC increased its position in shares of V.F. Corp. by 16.4% in the first quarter. Aperio Group LLC now owns 114,822 shares of the company’s stock worth $7,436,000 after buying an additional 16,157 shares during the last quarter. Sarasin & Partners LLP boosted its position in V.F. Corp. by 13.0% in the first quarter. Sarasin & Partners LLP now owns 1,055,602 shares of the company’s stock worth $68,361,000 after buying an additional 121,449 shares during the period. Commonwealth Equity Services Inc boosted its position in V.F. Corp. by 19.6% in the first quarter. Commonwealth Equity Services Inc now owns 67,325 shares of the company’s stock worth $4,360,000 after buying an additional 11,026 shares during the period. Finally, Sanders Morris Harris Inc. bought a new position in V.F. Corp. during the first quarter worth approximately $343,000. Institutional investors and hedge funds own 84.47% of the company’s stock.
Shares of V.F. Corp. (NYSE:VFC) opened at 56.58 on Friday. V.F. Corp. has a 1-year low of $52.21 and a 1-year high of $73.81. The firm has a market capitalization of $23.47 billion, a price-to-earnings ratio of 22.38 and a beta of 0.76. The company’s 50-day moving average is $60.77 and its 200 day moving average is $62.51.
V.F. Corp. (NYSE:VFC) last announced its earnings results on Friday, July 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business earned $2.40 billion during the quarter, compared to analysts’ expectations of $2.53 billion. V.F. Corp. had a net margin of 8.82% and a return on equity of 25.27%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the company posted $0.40 EPS. On average, analysts expect that V.F. Corp. will post $3.20 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, September 9th were issued a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.62%. V.F. Corp.’s dividend payout ratio (DPR) is presently 58.73%.
V.F. Corp. Company Profile
V.F. Corporation (VF) is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. The Company owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories.
Receive News & Ratings for V.F. Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for V.F. Corp. and related companies with MarketBeat.com's FREE daily email newsletter.