VF Corporation (NYSE:VFC) Receives $22.35 Average Price Target from Brokerages

Shares of VF Corporation (NYSE:VFC - Get Free Report) have received a consensus rating of "Hold" from the twenty-one research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $22.35.

VFC has been the subject of several research reports. Barclays increased their price objective on shares of VF from $29.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Truist Financial reiterated a "hold" rating and issued a $24.00 price target (up previously from $20.00) on shares of VF in a research report on Thursday, January 30th. OTR Global upgraded VF from a "mixed" rating to a "positive" rating in a research report on Friday, January 10th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $27.00 price objective on shares of VF in a research note on Friday, March 7th. Finally, BMO Capital Markets boosted their target price on VF from $14.00 to $25.00 and gave the company a "market perform" rating in a research report on Thursday, January 30th.

VF Price Performance

VFC stock traded down $0.22 during mid-day trading on Friday, hitting $10.10. The company had a trading volume of 847,121 shares, compared to its average volume of 7,697,026. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of -8.49, a P/E/G ratio of 6.77 and a beta of 1.57. The company has a 50-day moving average price of $18.37 and a 200 day moving average price of $20.36. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. VF has a 12-month low of $9.41 and a 12-month high of $29.02.

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VF (NYSE:VFC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 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 quarter last year, the firm earned $0.57 earnings per share. On average, research analysts anticipate that VF will post 0.73 earnings per share for the current year.

VF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Monday, March 10th. VF's dividend payout ratio (DPR) is presently -30.25%.

Hedge Funds Weigh In On VF

A number of hedge funds and other institutional investors have recently made changes to their positions in VFC. CKW Financial Group lifted its stake in VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock worth $47,000 after acquiring an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of VF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker's stock valued at $129,000 after purchasing an additional 3,008 shares in the last quarter. Fiduciary Alliance LLC lifted its position in shares of VF by 6.8% in the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker's stock worth $5,505,000 after purchasing an additional 16,431 shares during the period. SG Americas Securities LLC bought a new position in shares of VF during the first quarter valued at approximately $350,000. Finally, TB Alternative Assets Ltd. purchased a new position in VF during the fourth quarter valued at approximately $1,878,000. Institutional investors own 86.84% of the company's stock.

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.