VF Corporation (NYSE:VFC) Receives Average Recommendation of "Hold" from Brokerages

Shares of VF Corporation (NYSE:VFC - Get Free Report) have received an average rating of "Hold" from the twenty analysts that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $19.11.

Several research analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of VF from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. raised their price target on VF from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Telsey Advisory Group raised their price target on VF from $19.00 to $21.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 29th. TD Cowen raised their price objective on VF from $16.00 to $19.00 and gave the company a "hold" rating in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company cut shares of VF from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $16.00 to $15.00 in a report on Monday, October 14th.

VF Stock Performance

Shares of VF stock traded up $0.08 during trading on Thursday, reaching $21.54. The company's stock had a trading volume of 3,207,141 shares, compared to its average volume of 7,862,742. The business's 50-day moving average price is $20.81 and its 200-day moving average price is $18.27. VF has a 52 week low of $11.00 and a 52 week high of $23.49. The firm has a market cap of $8.39 billion, a PE ratio of -12.45, a P/E/G ratio of 8.19 and a beta of 1.49. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 2.86.

VF (NYSE:VFC - Get Free Report) last announced its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.19. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.72 billion. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. VF's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.63 EPS. Equities analysts forecast that VF will post 0.48 earnings per share for the current year.

VF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Tuesday, December 10th. VF's dividend payout ratio is -20.81%.

Institutional Trading of VF

A number of hedge funds and other institutional investors have recently modified their holdings of VFC. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of VF by 21.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 66,645 shares of the textile maker's stock worth $900,000 after purchasing an additional 11,799 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of VF by 5.5% during the second quarter. Commonwealth Equity Services LLC now owns 187,196 shares of the textile maker's stock valued at $2,527,000 after buying an additional 9,770 shares during the last quarter. Banque Cantonale Vaudoise lifted its holdings in VF by 113.3% during the second quarter. Banque Cantonale Vaudoise now owns 6,860 shares of the textile maker's stock valued at $93,000 after purchasing an additional 3,644 shares in the last quarter. Summit Financial LLC bought a new stake in shares of VF in the second quarter worth about $137,000. Finally, Natixis Advisors LLC increased its position in VF by 39.8% during the second quarter. Natixis Advisors LLC now owns 21,486 shares of the textile maker's stock valued at $290,000 after acquiring an additional 6,113 shares during the last quarter. Institutional investors own 86.84% of the company's stock.

About VF

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.