VF Corp (NYSE:VFC) has earned an average recommendation of “Buy” from the twenty-five analysts that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and eighteen have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $95.95.
A number of analysts have recently weighed in on VFC shares. Royal Bank of Canada restated a “buy” rating and issued a $105.00 price objective on shares of VF in a research note on Thursday, July 26th. Canaccord Genuity set a $108.00 price objective on shares of VF and gave the stock a “buy” rating in a research note on Monday, July 23rd. Piper Jaffray Companies restated a “buy” rating and issued a $103.00 price objective on shares of VF in a research note on Monday, July 23rd. Stifel Nicolaus upped their target price on shares of VF from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, July 23rd. Finally, Telsey Advisory Group upped their target price on shares of VF from $86.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, July 23rd.
NYSE VFC traded down $2.45 during trading on Monday, reaching $84.16. The company’s stock had a trading volume of 2,517,893 shares, compared to its average volume of 3,036,976. The company has a quick ratio of 0.90, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $34.20 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 2.07 and a beta of 1.01. VF has a 1-year low of $69.07 and a 1-year high of $97.00.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Monday, December 10th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.42%. This is an increase from VF’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, December 7th. VF’s dividend payout ratio (DPR) is currently 61.74%.
In related news, VP Bryan H. Mcneill sold 25,232 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $92.45, for a total transaction of $2,332,698.40. Following the completion of the sale, the vice president now directly owns 5,122 shares of the company’s stock, valued at approximately $473,528.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Laura C. Meagher sold 69,357 shares of the stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $93.05, for a total value of $6,453,668.85. Following the sale, the insider now directly owns 36,369 shares of the company’s stock, valued at $3,384,135.45. The disclosure for this sale can be found here. Insiders sold a total of 128,533 shares of company stock worth $11,932,040 over the last quarter. 1.72% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of VFC. Fort L.P. bought a new position in shares of VF during the 2nd quarter worth approximately $119,000. Centaurus Financial Inc. bought a new position in shares of VF during the 2nd quarter worth approximately $119,000. NEXT Financial Group Inc bought a new position in shares of VF during the 3rd quarter worth approximately $169,000. Parallel Advisors LLC grew its stake in shares of VF by 154.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,814 shares of the textile maker’s stock worth $147,000 after acquiring an additional 1,102 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of VF during the 2nd quarter worth approximately $152,000.
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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