A number of other brokerages have also weighed in on VFC. Buckingham Research raised their price target on shares of VF from $78.00 to $80.00 and gave the company a neutral rating in a report on Tuesday, July 17th. Pivotal Research set a $86.00 price target on shares of VF and gave the company a hold rating in a report on Tuesday, July 17th. Barclays raised their price target on shares of VF from $89.00 to $104.00 and gave the company an overweight rating in a report on Monday, July 23rd. UBS Group initiated coverage on shares of VF in a report on Thursday, June 21st. They set a neutral rating and a $89.00 target price for the company. Finally, Royal Bank of Canada initiated coverage on shares of VF in a report on Wednesday, July 18th. They set an outperform rating and a $102.00 target price for the company. Eight research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $94.61.
Shares of NYSE VFC traded up $0.92 during mid-day trading on Thursday, hitting $92.39. 2,269,400 shares of the stock were exchanged, compared to its average volume of 2,384,847. The firm has a market cap of $37.05 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 2.42 and a beta of 0.96. The company has a current ratio of 1.45, a quick ratio of 0.78 and a debt-to-equity ratio of 0.58. VF has a twelve month low of $63.69 and a twelve month high of $97.00.
VF (NYSE:VFC) last issued its quarterly earnings results on Friday, July 20th. The textile maker reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.68 billion. VF had a net margin of 5.46% and a return on equity of 35.37%. VF’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 earnings per share. On average, analysts forecast that VF will post 3.61 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 20th. Stockholders of record on Monday, September 10th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, September 7th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.99%. VF’s dividend payout ratio is 61.74%.
In related news, CFO Scott A. Roe sold 29,544 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $92.78, for a total value of $2,741,092.32. Following the sale, the chief financial officer now directly owns 102,165 shares of the company’s stock, valued at approximately $9,478,868.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laura C. Meagher sold 69,357 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $93.05, for a total transaction of $6,453,668.85. Following the completion of the sale, the insider now directly owns 36,369 shares in the company, valued at $3,384,135.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,533 shares of company stock worth $11,932,040. Insiders own 1.72% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Capital Group LLC lifted its position in VF by 5,303.7% in the 1st quarter. Private Capital Group LLC now owns 1,459 shares of the textile maker’s stock valued at $108,000 after acquiring an additional 1,432 shares in the last quarter. Fort L.P. bought a new stake in VF in the 2nd quarter valued at $119,000. Centaurus Financial Inc. bought a new stake in VF in the 2nd quarter valued at $119,000. Moneta Group Investment Advisors LLC lifted its position in VF by 179.8% in the 1st quarter. Moneta Group Investment Advisors LLC now owns 1,480 shares of the textile maker’s stock valued at $110,000 after acquiring an additional 951 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in VF by 154.8% in the 2nd quarter. Parallel Advisors LLC now owns 1,814 shares of the textile maker’s stock valued at $147,000 after acquiring an additional 1,102 shares in the last quarter.
VF Company Profile
VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor & Action Sports, Jeanswear, Imagewear and Others. The Outdoor & Action Sports segment refers to outdoor and activity-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.
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