VF Corp (NYSE:VFC) Receives $97.75 Consensus Target Price from Analysts

Shares of VF Corp (NYSE:VFC) have earned a consensus recommendation of “Buy” from the sixteen research firms that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $97.46.

A number of analysts recently weighed in on VFC shares. ValuEngine lowered shares of VF from a “buy” rating to a “hold” rating in a research note on Friday, November 29th. BMO Capital Markets started coverage on shares of VF in a research note on Monday, February 3rd. They set a “market perform” rating and a $84.00 target price on the stock. Royal Bank of Canada restated a “buy” rating and set a $94.00 target price on shares of VF in a research note on Wednesday. Guggenheim reiterated a “buy” rating on shares of VF in a research note on Tuesday, December 10th. Finally, Wedbush dropped their price target on shares of VF from $98.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th.

Shares of VFC stock traded down $0.85 during trading hours on Friday, reaching $76.39. 3,554,475 shares of the stock were exchanged, compared to its average volume of 2,957,823. The business’s fifty day moving average is $87.27 and its two-hundred day moving average is $88.00. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.12 and a quick ratio of 1.32. VF has a 12-month low of $76.37 and a 12-month high of $100.25. The firm has a market capitalization of $30.87 billion, a P/E ratio of 23.80, a P/E/G ratio of 2.17 and a beta of 1.20.

VF (NYSE:VFC) last released its earnings results on Thursday, January 23rd. The textile maker reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.02. VF had a net margin of 10.54% and a return on equity of 30.78%. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the prior year, the firm earned $1.31 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts predict that VF will post 3.3 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be paid a $0.48 dividend. The ex-dividend date is Monday, March 9th. This represents a $1.92 annualized dividend and a yield of 2.51%. VF’s dividend payout ratio is currently 50.79%.

In other news, Director Clarence Otis, Jr. sold 16,930 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $91.14, for a total value of $1,543,000.20. Following the completion of the sale, the director now directly owns 25,722 shares of the company’s stock, valued at $2,344,303.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Steven E. Rendle sold 155,582 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $91.40, for a total value of $14,220,194.80. Following the completion of the sale, the chief executive officer now directly owns 302,013 shares of the company’s stock, valued at $27,603,988.20. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of VF by 78.6% in the fourth quarter. Bank of America Corp DE now owns 12,686,741 shares of the textile maker’s stock valued at $1,264,360,000 after acquiring an additional 5,582,527 shares during the period. Parnassus Investments CA boosted its holdings in shares of VF by 7.1% in the fourth quarter. Parnassus Investments CA now owns 7,715,537 shares of the textile maker’s stock valued at $768,931,000 after acquiring an additional 511,670 shares during the period. Charles Schwab Investment Advisory Inc. boosted its holdings in shares of VF by 1.5% in the fourth quarter. Charles Schwab Investment Advisory Inc. now owns 4,469,088 shares of the textile maker’s stock valued at $445,389,000 after acquiring an additional 65,078 shares during the period. Geode Capital Management LLC boosted its holdings in shares of VF by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 4,380,889 shares of the textile maker’s stock valued at $435,550,000 after acquiring an additional 165,230 shares during the period. Finally, Alecta Pensionsforsakring Omsesidigt boosted its holdings in shares of VF by 4.0% in the fourth quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,200,000 shares of the textile maker’s stock valued at $418,152,000 after acquiring an additional 160,000 shares during the period. 75.82% of the stock is owned by institutional investors and hedge funds.

VF Company Profile

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.

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Analyst Recommendations for VF (NYSE:VFC)

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