V.F. Corp. (VFC) Given a $32.00 Price Target by Canaccord Genuity Analysts
Other equities research analysts have also recently issued reports about the stock. Piper Jaffray Cos. set a $63.00 price objective on shares of V.F. Corp. and gave the stock a buy rating in a research report on Wednesday, October 19th. Deutsche Bank AG decreased their price objective on shares of V.F. Corp. from $67.00 to $63.00 and set a buy rating for the company in a research report on Wednesday, October 19th. Guggenheim started coverage on shares of V.F. Corp. in a research report on Friday, September 30th. They set a buy rating and a $65.00 price objective for the company. Brean Capital reiterated a hold rating on shares of V.F. Corp. in a research report on Wednesday, November 2nd. Finally, Wells Fargo & Co. reiterated a market perform rating and set a $58.00 price objective (up from $57.00) on shares of V.F. Corp. in a research report on Monday, September 12th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $63.91.
Shares of V.F. Corp. (NYSE:VFC) traded down 2.030% during midday trading on Monday, reaching $55.735. 1,350,104 shares of the company’s stock traded hands. V.F. Corp. has a 12 month low of $51.76 and a 12 month high of $67.10. The stock has a 50 day moving average of $55.08 and a 200-day moving average of $59.69. The stock has a market cap of $23.06 billion, a P/E ratio of 21.160 and a beta of 0.84.
V.F. Corp. (NYSE:VFC) last posted its quarterly earnings data on Monday, October 24th. The company reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.05. V.F. Corp. had a net margin of 9.23% and a return on equity of 26.26%. The company earned $3.50 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same period in the prior year, the company posted $1.07 earnings per share. V.F. Corp.’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities research analysts forecast that V.F. Corp. will post $3.13 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Friday, December 9th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $1.68 annualized dividend and a yield of 2.95%. This is a boost from V.F. Corp.’s previous quarterly dividend of $0.37. V.F. Corp.’s payout ratio is currently 56.06%.
A number of institutional investors have recently modified their holdings of VFC. Palladium Partners LLC boosted its position in shares of V.F. Corp. by 0.7% in the second quarter. Palladium Partners LLC now owns 27,745 shares of the company’s stock valued at $1,706,000 after buying an additional 200 shares in the last quarter. Dearborn Partners LLC boosted its position in shares of V.F. Corp. by 5.0% in the second quarter. Dearborn Partners LLC now owns 297,764 shares of the company’s stock valued at $18,309,000 after buying an additional 14,219 shares in the last quarter. Hills Bank & Trust Co. boosted its position in shares of V.F. Corp. by 6.8% in the second quarter. Hills Bank & Trust Co. now owns 10,173 shares of the company’s stock valued at $626,000 after buying an additional 645 shares in the last quarter. Wendell David Associates Inc. boosted its position in shares of V.F. Corp. by 15.1% in the second quarter. Wendell David Associates Inc. now owns 25,505 shares of the company’s stock valued at $1,556,000 after buying an additional 3,345 shares in the last quarter. Finally, Somerset Trust Co boosted its position in shares of V.F. Corp. by 3.3% in the second quarter. Somerset Trust Co now owns 22,876 shares of the company’s stock valued at $1,407,000 after buying an additional 740 shares in the last quarter. 84.03% of the stock is owned by institutional investors.
V.F. Corp. Company Profile
V.F. Corporation (VF) is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. The Company owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories.
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