Guggenheim reiterated their buy rating on shares of VF (NYSE:VFC) in a report issued on Wednesday. The brokerage currently has a $84.00 target price on the textile maker’s stock.
A number of other research analysts also recently commented on the company. Canaccord Genuity set a $81.00 price target on VF and gave the company a buy rating in a report on Thursday, October 19th. Cowen reissued a hold rating and issued a $63.00 price target on shares of VF in a report on Thursday, September 21st. Pivotal Research started coverage on VF in a report on Thursday, October 5th. They set a buy rating and a $75.00 target price on the stock. Stifel Nicolaus set a $78.00 target price on VF and gave the stock a hold rating in a report on Saturday, December 16th. Finally, Sanford C. Bernstein started coverage on VF in a report on Tuesday, September 12th. They set a market perform rating and a $67.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $68.43.
Shares of VF (VFC) traded up $0.61 on Wednesday, reaching $77.80. The company had a trading volume of 2,016,672 shares, compared to its average volume of 2,280,000. The stock has a market capitalization of $30,740.00, a P/E ratio of 32.28, a P/E/G ratio of 2.17 and a beta of 0.80. VF has a 1 year low of $48.05 and a 1 year high of $78.70. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.47 and a quick ratio of 0.97.
VF (NYSE:VFC) last issued its quarterly earnings results on Monday, October 23rd. The textile maker reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.11. The firm had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.40 billion. VF had a return on equity of 29.22% and a net margin of 8.24%. VF’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.20 earnings per share. sell-side analysts anticipate that VF will post 3.03 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 18th. Stockholders of record on Friday, December 8th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.37%. This is a boost from VF’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, December 7th. VF’s dividend payout ratio is presently 76.35%.
In other news, VP Scott H. Baxter sold 89,822 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $71.14, for a total transaction of $6,389,937.08. Following the sale, the vice president now directly owns 127,844 shares in the company, valued at approximately $9,094,822.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Aidan O’meara sold 5,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $69.97, for a total value of $349,850.00. Following the sale, the vice president now owns 96,344 shares in the company, valued at $6,741,189.68. The disclosure for this sale can be found here. Insiders have sold a total of 254,660 shares of company stock worth $18,035,832 over the last quarter. Insiders own 1.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of VF by 44.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,000 shares of the textile maker’s stock worth $111,000 after purchasing an additional 3,372 shares during the period. WASHINGTON TRUST Co acquired a new stake in shares of VF during the 3rd quarter worth approximately $210,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of VF during the 3rd quarter worth approximately $215,000. RNC Capital Management LLC raised its position in shares of VF by 1.5% during the 2nd quarter. RNC Capital Management LLC now owns 4,135 shares of the textile maker’s stock worth $238,000 after purchasing an additional 60 shares during the period. Finally, Keel Point LLC raised its position in shares of VF by 3.4% during the 2nd quarter. Keel Point LLC now owns 4,531 shares of the textile maker’s stock worth $261,000 after purchasing an additional 148 shares during the period.
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VF Company Profile
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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