Canaccord Genuity set a $53.00 price target on V.F. Corporation (NYSE:VFC) in a report released on Monday, July 17th. The brokerage currently has a hold rating on the textile maker’s stock.
Several other analysts have also recently issued reports on the company. Buckingham Research reissued a neutral rating and issued a $55.00 target price on shares of V.F. Corporation in a research note on Monday, July 17th. Susquehanna Bancshares Inc reissued a neutral rating and issued a $49.00 target price (down from $52.00) on shares of V.F. Corporation in a research note on Monday, May 1st. B. Riley reissued a neutral rating and issued a $53.00 target price on shares of V.F. Corporation in a research note on Sunday, April 30th. Stifel Nicolaus reaffirmed a hold rating and set a $56.00 price objective on shares of V.F. Corporation in a research report on Sunday, April 23rd. Finally, Vetr cut V.F. Corporation from a sell rating to a strong sell rating and set a $49.00 price objective on the stock. in a research report on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $58.50.
Shares of V.F. Corporation (NYSE VFC) traded down 0.03% on Monday, hitting $63.21. The stock had a trading volume of 1,409,977 shares. The firm has a 50 day moving average of $57.46 and a 200-day moving average of $54.36. The firm has a market capitalization of $25.10 billion, a price-to-earnings ratio of 24.12 and a beta of 0.78. V.F. Corporation has a 1-year low of $48.05 and a 1-year high of $65.20.
V.F. Corporation (NYSE:VFC) last posted its earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.31 billion. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. V.F. Corporation’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm earned $0.35 earnings per share. Equities analysts predict that V.F. Corporation will post $2.96 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 8th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.68 dividend on an annualized basis and a yield of 2.66%. V.F. Corporation’s payout ratio is currently 64.86%.
A number of institutional investors have recently made changes to their positions in VFC. Keel Point LLC raised its position in shares of V.F. Corporation by 0.4% in the first quarter. Keel Point LLC now owns 4,383 shares of the textile maker’s stock worth $241,000 after buying an additional 19 shares during the last quarter. Haverford Trust Co. raised its position in shares of V.F. Corporation by 0.7% in the first quarter. Haverford Trust Co. now owns 5,163 shares of the textile maker’s stock worth $284,000 after buying an additional 34 shares during the last quarter. Zions Bancorporation raised its position in shares of V.F. Corporation by 1.5% in the first quarter. Zions Bancorporation now owns 2,575 shares of the textile maker’s stock worth $140,000 after buying an additional 38 shares during the last quarter. Wagner Bowman Management Corp raised its position in shares of V.F. Corporation by 0.5% in the first quarter. Wagner Bowman Management Corp now owns 10,323 shares of the textile maker’s stock worth $567,000 after buying an additional 50 shares during the last quarter. Finally, Cleararc Capital Inc. raised its position in shares of V.F. Corporation by 0.7% in the first quarter. Cleararc Capital Inc. now owns 8,096 shares of the textile maker’s stock worth $445,000 after buying an additional 53 shares during the last quarter.
V.F. Corporation 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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