V.F. Co. (NYSE:VFC) Given Average Rating of “Buy” by Brokerages

V.F. Co. (NYSE:VFC) has earned an average rating of “Buy” from the sixteen analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $94.46.

A number of equities analysts have recently issued reports on VFC shares. The Goldman Sachs Group started coverage on shares of V.F. in a research report on Wednesday, July 14th. They set a “sell” rating and a $79.00 target price on the stock. Pivotal Research restated a “buy” rating and set a $100.00 target price on shares of V.F. in a research report on Tuesday, July 27th. Barclays raised their target price on shares of V.F. from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Monday, August 2nd. TheStreet upgraded shares of V.F. from a “c” rating to a “b-” rating in a research report on Friday, July 30th. Finally, Bank of America started coverage on shares of V.F. in a research report on Tuesday, August 17th. They set an “underperform” rating on the stock.

V.F. stock traded up $0.21 during mid-day trading on Monday, hitting $68.17. The company had a trading volume of 2,692,165 shares, compared to its average volume of 2,493,587. The stock has a market cap of $26.75 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 0.88 and a beta of 1.41. V.F. has a 1 year low of $65.34 and a 1 year high of $90.79. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 1.44. The business has a fifty day moving average of $76.20 and a 200 day moving average of $80.14.

V.F. (NYSE:VFC) last announced its quarterly earnings results on Thursday, July 29th. The textile maker reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.16. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.17 billion. V.F. had a net margin of 9.83% and a return on equity of 26.99%. The firm’s revenue was up 104.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.57) earnings per share. Equities analysts anticipate that V.F. will post 3.27 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 20th. Shareholders of record on Friday, September 10th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Thursday, September 9th. V.F.’s dividend payout ratio (DPR) is currently 149.62%.

A number of institutional investors have recently added to or reduced their stakes in VFC. Northern Trust Corp lifted its holdings in V.F. by 68.1% in the first quarter. Northern Trust Corp now owns 28,576,184 shares of the textile maker’s stock valued at $2,283,808,000 after acquiring an additional 11,573,699 shares during the period. Victory Capital Management Inc. lifted its holdings in V.F. by 1,673.4% in the second quarter. Victory Capital Management Inc. now owns 3,499,489 shares of the textile maker’s stock valued at $287,099,000 after acquiring an additional 3,302,152 shares during the period. Amundi acquired a new stake in V.F. in the second quarter valued at $241,803,000. Parnassus Investments CA lifted its holdings in V.F. by 24.0% in the second quarter. Parnassus Investments CA now owns 12,460,177 shares of the textile maker’s stock valued at $1,022,233,000 after acquiring an additional 2,412,380 shares during the period. Finally, BlackRock Inc. raised its stake in shares of V.F. by 10.2% during the 2nd quarter. BlackRock Inc. now owns 25,119,360 shares of the textile maker’s stock worth $2,060,791,000 after buying an additional 2,333,388 shares during the last quarter. 82.24% of the stock is owned by institutional investors.

About V.F.

VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor, Active, and Work. The Outdoor segment refers to authentic outdoor-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.

Further Reading: How is a Moving Average Calculated?

Analyst Recommendations for V.F. (NYSE:VFC)

Receive News & Ratings for V.F. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for V.F. and related companies with MarketBeat.com's FREE daily email newsletter.