VF Corporation (NYSE:VFC) Receives $22.90 Average Price Target from Analysts

Shares of VF Corporation (NYSE:VFC - Get Free Report) have been given a consensus rating of "Hold" by the twenty-one brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $22.90.

A number of analysts recently commented on the company. Telsey Advisory Group reiterated a "market perform" rating and issued a $27.00 price objective on shares of VF in a research report on Friday, March 7th. Needham & Company LLC reiterated a "buy" rating and issued a $28.00 price objective on shares of VF in a research report on Friday, March 7th. UBS Group boosted their target price on VF from $24.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Guggenheim boosted their target price on VF from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Finally, Truist Financial restated a "hold" rating and set a $24.00 target price (up from $20.00) on shares of VF in a research report on Thursday, January 30th.

VF Price Performance

Shares of VF stock traded up $0.11 during trading on Tuesday, reaching $16.36. The company's stock had a trading volume of 5,569,443 shares, compared to its average volume of 7,265,240. The stock has a 50-day moving average price of $23.14 and a two-hundred day moving average price of $21.11. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31. VF has a one year low of $11.00 and a one year high of $29.02. The stock has a market capitalization of $6.37 billion, a P/E ratio of -13.66, a price-to-earnings-growth ratio of 6.77 and a beta of 1.46.

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VF (NYSE:VFC - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same period in the previous year, the business earned $0.57 earnings per share. As a group, sell-side analysts anticipate that VF will post 0.73 EPS for the current fiscal year.

VF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Monday, March 10th. VF's dividend payout ratio is currently -30.25%.

Institutional Trading of VF

A number of large investors have recently added to or reduced their stakes in VFC. Segall Bryant & Hamill LLC lifted its stake in VF by 1.8% in the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker's stock valued at $73,084,000 after acquiring an additional 65,919 shares during the last quarter. Fiduciary Alliance LLC lifted its stake in VF by 6.8% in the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker's stock valued at $5,505,000 after acquiring an additional 16,431 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in VF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker's stock valued at $129,000 after acquiring an additional 3,008 shares during the last quarter. TB Alternative Assets Ltd. acquired a new stake in VF in the fourth quarter valued at $1,878,000. Finally, CKW Financial Group raised its position in shares of VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock valued at $47,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 86.84% of the company's stock.

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.