VF Corporation Plans Quarterly Dividend of $0.09 (NYSE:VFC)

VF Corporation (NYSE:VFC) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Stockholders of record on Monday, March 10th will be paid a dividend of 0.09 per share by the textile maker on Thursday, March 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.26%.

VF has decreased its dividend payment by an average of 43.3% per year over the last three years. VF has a dividend payout ratio of 26.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect VF to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 40.0%.

VF Trading Up 7.2 %

VF stock opened at $28.50 on Wednesday. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.88 and a current ratio of 1.30. The firm’s 50-day moving average is $21.98 and its 200-day moving average is $19.61. VF has a 1 year low of $11.00 and a 1 year high of $29.02. The company has a market cap of $11.10 billion, a P/E ratio of -16.53, a PEG ratio of 9.74 and a beta of 1.45.

VF (NYSE:VFC) last announced its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. During the same period in the prior year, the business posted $0.57 EPS. On average, equities analysts expect that VF will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

VFC has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of VF from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Citigroup lifted their price target on VF from $20.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. StockNews.com raised VF from a “sell” rating to a “hold” rating in a report on Saturday, October 26th. Barclays lifted their target price on VF from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, TD Cowen raised their price target on VF from $16.00 to $19.00 and gave the company a “hold” rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, VF has a consensus rating of “Hold” and an average price target of $19.84.

VF Company Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.