VF (VFC) Stock Rating Reaffirmed by Wedbush

Wedbush reissued their outperform rating on shares of VF (NYSE:VFC) in a research report released on Thursday, RTT News reports. The firm currently has a $98.00 price objective on the textile maker’s stock.

A number of other equities research analysts have also weighed in on VFC. Goldman Sachs Group started coverage on shares of VF in a report on Friday, May 17th. They set a buy rating and a $97.00 target price on the stock. Cowen boosted their target price on shares of VF from $95.00 to $100.00 and gave the stock an outperform rating in a report on Tuesday, February 19th. Citigroup reissued a neutral rating and set a $85.00 target price (down from $90.00) on shares of VF in a report on Monday, March 18th. UBS Group boosted their target price on shares of VF from $84.00 to $92.00 and gave the stock a neutral rating in a report on Tuesday, May 14th. Finally, Pivotal Research reissued a hold rating and set a $88.00 target price (up from $85.00) on shares of VF in a report on Thursday. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. VF has an average rating of Buy and an average price target of $93.70.

Shares of NYSE VFC opened at $84.04 on Thursday. VF has a fifty-two week low of $67.18 and a fifty-two week high of $97.00. The company has a market capitalization of $33.25 billion, a P/E ratio of 28.20, a price-to-earnings-growth ratio of 1.91 and a beta of 1.15. The company has a current ratio of 1.80, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50.

VF (NYSE:VFC) last announced its quarterly earnings data on Wednesday, May 22nd. The textile maker reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. VF had a net margin of 10.11% and a return on equity of 38.84%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the business posted $0.67 earnings per share. VF’s revenue was up 5.5% compared to the same quarter last year. Research analysts predict that VF will post 3.75 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Monday, June 10th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, June 7th. This is an increase from VF’s previous quarterly dividend of $0.48. VF’s payout ratio is presently 68.46%.

In related news, VP Scott H. Baxter sold 51,911 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $84.25, for a total transaction of $4,373,501.75. Following the transaction, the vice president now owns 201,972 shares in the company, valued at approximately $17,016,141. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.72% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VFC. Doyle Wealth Management acquired a new position in VF during the fourth quarter worth $26,000. Reilly Financial Advisors LLC raised its holdings in VF by 99.1% during the fourth quarter. Reilly Financial Advisors LLC now owns 440 shares of the textile maker’s stock worth $31,000 after buying an additional 219 shares during the last quarter. Destination Wealth Management raised its holdings in VF by 365.2% during the fourth quarter. Destination Wealth Management now owns 428 shares of the textile maker’s stock worth $31,000 after buying an additional 336 shares during the last quarter. Sonora Investment Management LLC raised its holdings in VF by 69.5% during the fourth quarter. Sonora Investment Management LLC now owns 444 shares of the textile maker’s stock worth $32,000 after buying an additional 182 shares during the last quarter. Finally, Bruderman Asset Management LLC acquired a new position in VF during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

About VF

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.

Recommended Story: How Investors Can Profit from Options Trading

Analyst Recommendations for VF (NYSE:VFC)

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