Analysts Set VF Corporation (NYSE:VFC) PT at $22.90

VF Corporation (NYSE:VFC) has been given an average recommendation of “Hold” by the twenty-one ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $22.90.

VFC has been the subject of a number of analyst reports. Wells Fargo & Company dropped their price objective on VF from $21.00 to $18.00 and set an “underweight” rating for the company in a research note on Friday, March 7th. Guggenheim upped their target price on VF from $25.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Truist Financial restated a “hold” rating and set a $24.00 target price (up previously from $20.00) on shares of VF in a report on Thursday, January 30th. JPMorgan Chase & Co. upped their target price on VF from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Finally, The Goldman Sachs Group upped their target price on VF from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, January 30th.

Hedge Funds Weigh In On VF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Segall Bryant & Hamill LLC increased its holdings in shares of VF by 5.8% during the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock valued at $83,153,000 after acquiring an additional 211,440 shares in the last quarter. Fiduciary Alliance LLC boosted its position in shares of VF by 6.8% during the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after buying an additional 16,431 shares during the last quarter. TB Alternative Assets Ltd. purchased a new stake in shares of VF during the fourth quarter valued at $1,878,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of VF by 100.0% during 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 last quarter. Finally, CKW Financial Group boosted its position in shares of VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 shares during the last quarter. 86.84% of the stock is currently owned by institutional investors.

VF Stock Down 0.8 %

Shares of VFC opened at $16.28 on Tuesday. The firm has a market cap of $6.34 billion, a P/E ratio of -13.68, a P/E/G ratio of 6.77 and a beta of 1.46. VF has a 1 year low of $11.00 and a 1 year high of $29.02. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00. The stock has a 50 day simple moving average of $23.14 and a two-hundred day simple moving average of $21.11.

VF (NYSE:VFC) last released its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share 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, analysts forecast that VF will post 0.73 earnings per share for the current fiscal year.

VF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.21%. VF’s payout ratio is presently -30.25%.

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.