V.F. Co. (NYSE:VFC) Given Consensus Rating of “Hold” by Analysts

Shares of V.F. Co. (NYSE:VFC) have received an average rating of “Hold” from the eighteen research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $15.50.

A number of equities analysts recently issued reports on VFC shares. BMO Capital Markets upped their price target on V.F. from $13.00 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. StockNews.com raised shares of V.F. from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. UBS Group boosted their price target on shares of V.F. from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. The Goldman Sachs Group dropped their price objective on V.F. from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, May 23rd. Finally, Argus raised V.F. to a “hold” rating in a report on Wednesday, August 28th.

V.F. Stock Performance

Shares of V.F. stock opened at $17.85 on Friday. The business has a 50-day simple moving average of $16.05 and a 200-day simple moving average of $14.62. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. V.F. has a one year low of $11.00 and a one year high of $20.69. The company has a market cap of $6.95 billion, a PE ratio of -7.14, a P/E/G ratio of 1.88 and a beta of 1.53.

V.F. (NYSE:VFC) last posted its quarterly earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates 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. V.F. had a positive return on equity of 11.75% and a negative net margin of 11.39%. V.F.’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period last year, the firm earned ($0.15) earnings per share. On average, equities research analysts forecast that V.F. will post 0.79 EPS for the current fiscal year.

V.F. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.36 annualized dividend and a yield of 2.02%. V.F.’s dividend payout ratio is currently -14.40%.

Insider Activity at V.F.

In other V.F. news, Director Richard Carucci purchased 15,000 shares of V.F. stock in a transaction dated Thursday, August 22nd. The stock was acquired at an average cost of $16.70 per share, with a total value of $250,500.00. Following the acquisition, the director now directly owns 230,178 shares of the company’s stock, valued at $3,843,972.60. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Bracken Darrell bought 75,200 shares of the company’s stock in a transaction on Monday, June 10th. The stock was bought at an average cost of $13.26 per share, with a total value of $997,152.00. Following the completion of the acquisition, the insider now owns 219,972 shares in the company, valued at approximately $2,916,828.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Carucci purchased 15,000 shares of V.F. stock in a transaction dated Thursday, August 22nd. The shares were bought at an average price of $16.70 per share, with a total value of $250,500.00. Following the completion of the transaction, the director now owns 230,178 shares in the company, valued at approximately $3,843,972.60. The disclosure for this purchase can be found here. Insiders bought a total of 115,200 shares of company stock worth $1,592,152 over the last 90 days. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On V.F.

Several hedge funds have recently bought and sold shares of the company. Eagle Bay Advisors LLC acquired a new stake in V.F. in the fourth quarter valued at $25,000. Mather Group LLC. purchased a new stake in shares of V.F. in the 1st quarter worth about $27,000. Future Financial Wealth Managment LLC acquired a new stake in V.F. in the 1st quarter valued at about $31,000. Bank & Trust Co purchased a new position in V.F. during the 2nd quarter valued at about $35,000. Finally, Versant Capital Management Inc raised its position in V.F. 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 acquiring an additional 2,583 shares during the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

About V.F.

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.