VFC has been the topic of several other reports. B. Riley reiterated a neutral rating and issued a $63.00 price objective on shares of V.F. Corp. in a research note on Wednesday, July 20th. Zacks Investment Research upgraded V.F. Corp. from a sell rating to a hold rating in a research note on Wednesday, July 27th. Canaccord Genuity reiterated a buy rating and issued a $76.00 price objective on shares of V.F. Corp. in a research note on Tuesday, July 26th. DA Davidson reiterated a buy rating and issued a $79.00 price objective on shares of V.F. Corp. in a research note on Monday, July 18th. Finally, Brean Capital reiterated a hold rating on shares of V.F. Corp. in a research note on Monday, July 25th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. V.F. Corp. currently has an average rating of Hold and an average target price of $68.04.
Shares of V.F. Corp. (NYSE:VFC) opened at 56.05 on Friday. The stock has a market cap of $23.25 billion, a P/E ratio of 22.17 and a beta of 0.90. The firm’s 50-day moving average price is $60.20 and its 200 day moving average price is $62.34. V.F. Corp. has a 1-year low of $52.21 and a 1-year high of $73.81.
V.F. Corp. (NYSE:VFC) last released its quarterly earnings results on Friday, July 22nd. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. V.F. Corp. had a return on equity of 25.27% and a net margin of 8.82%. The business earned $2.40 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period last year, the business posted $0.40 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, equities analysts expect that V.F. Corp. will post $3.20 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, September 9th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Wednesday, September 7th. V.F. Corp.’s dividend payout ratio (DPR) is 58.73%.
In other news, Director Clarence Otis, Jr. sold 25,540 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $62.12, for a total transaction of $1,586,544.80. Following the sale, the director now owns 37,510 shares of the company’s stock, valued at approximately $2,330,121.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric C. Wiseman sold 264,816 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $64.55, for a total value of $17,093,872.80. Following the sale, the chief executive officer now directly owns 756,198 shares in the company, valued at approximately $48,812,580.90. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
Large investors have recently made changes to their positions in the company. Glenmede Trust Co. NA raised its stake in shares of V.F. Corp. by 30.3% in the first quarter. Glenmede Trust Co. NA now owns 25,706 shares of the company’s stock valued at $1,664,000 after buying an additional 5,984 shares during the period. Aperio Group LLC raised its stake 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 valued at $7,436,000 after buying an additional 16,157 shares during the period. Virginia Retirement System purchased a new stake in shares of V.F. Corp. during the first quarter valued at approximately $358,000. Ngam Advisors L.P. raised its stake in shares of V.F. Corp. by 100.3% in the first quarter. Ngam Advisors L.P. now owns 37,193 shares of the company’s stock valued at $2,409,000 after buying an additional 18,620 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of V.F. Corp. by 1.9% in the first quarter. Prudential Financial Inc. now owns 447,088 shares of the company’s stock valued at $28,954,000 after buying an additional 8,290 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.
About V.F. Corp.
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.