A number of other research firms have also recently weighed in on VFC. Vetr cut shares of V.F. Corporation from a sell rating to a strong sell rating and set a $49.00 target price on the stock. in a research note on Tuesday, April 18th. B. Riley reaffirmed a neutral rating and set a $53.00 target price on shares of V.F. Corporation in a research note on Sunday, April 30th. Buckingham Research reiterated a neutral rating and set a $55.00 price target on shares of V.F. Corporation in a report on Monday, July 17th. Cowen and Company lifted their price target on shares of V.F. Corporation from $52.00 to $56.00 and gave the stock a market perform rating in a report on Tuesday, April 4th. Finally, Susquehanna Bancshares Inc reiterated a neutral rating and set a $49.00 price target (down previously from $52.00) on shares of V.F. Corporation in a report on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the company’s stock. V.F. Corporation has an average rating of Hold and a consensus target price of $58.50.
V.F. Corporation (VFC) opened at 61.58 on Thursday. V.F. Corporation has a 12-month low of $48.05 and a 12-month high of $65.20. The stock has a 50 day moving average price of $58.94 and a 200-day moving average price of $54.92. The stock has a market capitalization of $24.24 billion, a P/E ratio of 23.49 and a beta of 0.78.
V.F. Corporation (NYSE:VFC) last posted its earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.31 billion. V.F. Corporation had a net margin of 9.23% and a return on equity of 27.44%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Equities research analysts expect that V.F. Corporation will post $2.96 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 8th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, September 7th. V.F. Corporation’s dividend payout ratio is currently 64.86%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VFC. Pinnacle Bank bought a new position in V.F. Corporation during the first quarter worth $247,000. Perigon Wealth Management LLC increased its position in V.F. Corporation by 17.2% in the fourth quarter. Perigon Wealth Management LLC now owns 31,874 shares of the textile maker’s stock worth $1,676,000 after buying an additional 4,685 shares in the last quarter. Edmp Inc. bought a new position in V.F. Corporation during the first quarter worth $2,894,000. PGGM Investments bought a new position in V.F. Corporation during the first quarter worth $11,656,000. Finally, Lowe Brockenbrough & Co. Inc. boosted its stake in shares of V.F. Corporation by 35.2% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 29,400 shares of the textile maker’s stock worth $1,616,000 after buying an additional 7,655 shares during the last quarter.
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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