VF Corporation (NYSE:VFC) Given Average Rating of "Hold" by Brokerages

Shares of VF Corporation (NYSE:VFC - Get Free Report) have received an average recommendation of "Hold" from the twenty-one ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $22.75.

Several analysts have commented on the stock. JPMorgan Chase & Co. upped their target price 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. StockNews.com raised VF from a "sell" rating to a "hold" rating in a research note on Saturday, October 26th. TD Cowen raised their target price on VF from $16.00 to $19.00 and gave the stock a "hold" rating in a report on Tuesday, October 29th. Jefferies Financial Group upped their price target on VF from $21.00 to $24.00 and gave the company a "hold" rating in a research note on Tuesday, January 28th. Finally, Citigroup boosted their price objective on shares of VF from $20.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, October 29th.

Hedge Funds Weigh In On VF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. 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. Hanseatic Management Services Inc. acquired a new stake in VF in the 3rd quarter valued at about $640,000. TB Alternative Assets Ltd. bought a new position in VF during the fourth quarter worth about $1,878,000. Arkadios Wealth Advisors grew its holdings in VF by 5.3% during the third quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker's stock worth $481,000 after purchasing an additional 1,217 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised 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 buying an additional 3,008 shares during the period. 86.84% of the stock is owned by institutional investors.

VF Trading Down 3.7 %

Shares of NYSE VFC traded down $0.99 during midday trading on Friday, hitting $25.49. The stock had a trading volume of 3,881,660 shares, compared to its average volume of 5,901,049. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00. VF has a fifty-two week low of $11.00 and a fifty-two week high of $29.02. The firm has a market cap of $9.93 billion, a P/E ratio of -21.42, a price-to-earnings-growth ratio of 6.78 and a beta of 1.46. The company's 50-day simple moving average is $23.63 and its 200 day simple moving average is $20.66.

VF (NYSE:VFC - Get Free Report) last released its 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 negative net margin of 4.63% and a positive return on equity of 14.86%. During the same quarter in the prior year, the firm posted $0.57 EPS. Research analysts anticipate that VF will post 0.73 EPS for the current year.

VF Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Monday, March 10th. VF's dividend payout ratio (DPR) is -30.25%.

About VF

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.