Analysts Set V.F. Corporation (NYSE:VFC) PT at $16.20

Shares of V.F. Corporation (NYSE:VFC) have been given a consensus recommendation of “Hold” by the twenty-one analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $16.20.

VFC has been the topic of a number of analyst reports. Needham & Company LLC lifted their price objective on shares of V.F. from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. BMO Capital Markets set a $15.00 price objective on shares of V.F. and gave the stock a “market perform” rating in a research report on Thursday, May 22nd. Barclays set a $16.00 target price on shares of V.F. and gave the stock an “overweight” rating in a report on Thursday, May 22nd. Wall Street Zen lowered shares of V.F. from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Finally, Wells Fargo & Company lowered their target price on shares of V.F. from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, May 22nd.

Insider Transactions at V.F.

In other news, insider Bracken Darrell bought 85,840 shares of V.F. stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $11.73 per share, for a total transaction of $1,006,903.20. Following the purchase, the insider owned 295,406 shares of the company’s stock, valued at approximately $3,465,112.38. The trade was a 40.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Abhishek Dalmia bought 50,000 shares of the firm’s stock in a transaction on Friday, May 23rd. The shares were bought at an average price of $11.78 per share, for a total transaction of $589,000.00. Following the completion of the transaction, the executive vice president directly owned 380,614 shares in the company, valued at approximately $4,483,632.92. This represents a 15.12% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 185,840 shares of company stock worth $2,198,403. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in shares of V.F. by 94.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,975 shares of the textile maker’s stock valued at $58,000 after acquiring an additional 2,421 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of V.F. during the 1st quarter valued at approximately $350,000. Arkadios Wealth Advisors boosted its stake in shares of V.F. by 158.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 56,904 shares of the textile maker’s stock valued at $669,000 after buying an additional 34,915 shares during the last quarter. Entropy Technologies LP bought a new position in V.F. during the first quarter worth $749,000. Finally, Amalgamated Bank lifted its stake in V.F. by 46.2% during the first quarter. Amalgamated Bank now owns 152,410 shares of the textile maker’s stock worth $2,365,000 after purchasing an additional 48,151 shares during the last quarter. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

V.F. Price Performance

V.F. stock opened at $13.05 on Friday. V.F. has a 12-month low of $9.41 and a 12-month high of $29.02. The firm has a 50-day moving average price of $12.29 and a 200-day moving average price of $15.02. The firm has a market capitalization of $5.10 billion, a PE ratio of -100.38, a price-to-earnings-growth ratio of 1.85 and a beta of 1.68. The company has a current ratio of 1.27, a quick ratio of 0.65 and a debt-to-equity ratio of 2.76.

V.F. (NYSE:VFC) last posted its quarterly earnings results on Wednesday, July 30th. The textile maker reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.11. V.F. had a negative net margin of 0.50% and a positive return on equity of 22.77%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the previous year, the business posted ($0.33) EPS. The company’s quarterly revenue was down 7.3% compared to the same quarter last year. As a group, equities research analysts forecast that V.F. will post 0.73 EPS for the current year.

V.F. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Wednesday, September 10th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, September 10th. V.F.’s dividend payout ratio (DPR) is -276.92%.

About V.F.

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.