V.F. Corp. (VFC) Stock Rating Reaffirmed by Brean Capital
V.F. Corp. (NYSE:VFC)‘s stock had its “hold” rating reiterated by stock analysts at Brean Capital in a report released on Monday. They presently have a $58.00 price objective on the stock. Brean Capital’s price objective suggests a potential upside of 4.26% from the stock’s previous close.
A number of other equities analysts have also recently commented on the stock. B. Riley reiterated a “neutral” rating and issued a $56.00 target price on shares of V.F. Corp. in a research report on Saturday, October 29th. Buckingham Research reiterated a “neutral” rating and issued a $58.00 target price (down previously from $60.00) on shares of V.F. Corp. in a research report on Wednesday, October 26th. Canaccord Genuity reiterated a “buy” rating and issued a $64.00 target price on shares of V.F. Corp. in a research report on Tuesday, October 25th. Telsey Advisory Group decreased their target price on shares of V.F. Corp. from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 25th. Finally, Deutsche Bank AG cut shares of V.F. Corp. from a “buy” rating to a “hold” rating and decreased their target price for the stock from $63.00 to $57.00 in a research report on Tuesday, October 25th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. V.F. Corp. currently has an average rating of “Hold” and a consensus price target of $63.91.
Shares of V.F. Corp. (NYSE:VFC) opened at 55.63 on Monday. V.F. Corp. has a 12-month low of $51.76 and a 12-month high of $67.10. The firm has a market cap of $23.01 billion, a price-to-earnings ratio of 21.12 and a beta of 0.84. The company has a 50 day moving average of $55.08 and a 200-day moving average of $59.69.
V.F. Corp. (NYSE:VFC) last issued its earnings results on Monday, October 24th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.05. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.63 billion. V.F. Corp. had a net margin of 9.23% and a return on equity of 26.26%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 EPS. Analysts predict that V.F. Corp. will post $3.13 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Friday, December 9th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.02%. This is a boost from V.F. Corp.’s previous quarterly dividend of $0.37. The ex-dividend date is Wednesday, December 7th. V.F. Corp.’s payout ratio is presently 56.06%.
ILLEGAL ACTIVITY NOTICE: This news story was first published by Financial Market News and is owned by of Financial Market News. If you are reading this news story on another publication, it was stolen and republished in violation of US & international copyright and trademark legislation. The original version of this news story can be viewed at http://www.financial-market-news.com/v-f-corp-vfc-stock-rating-reaffirmed-by-brean-capital-2/1209686/.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VFC. Forsta AP Fonden bought a new position in V.F. Corp. during the second quarter valued at $78,076,000. Emerald Acquisition Ltd. acquired a new stake in shares of V.F. Corp. during the second quarter valued at about $32,966,000. BB&T Corp raised its stake in shares of V.F. Corp. by 246.3% in the second quarter. BB&T Corp now owns 327,890 shares of the company’s stock valued at $20,162,000 after buying an additional 233,202 shares during the period. Johnson Investment Counsel Inc. raised its stake in shares of V.F. Corp. by 47.3% in the third quarter. Johnson Investment Counsel Inc. now owns 428,020 shares of the company’s stock valued at $23,990,000 after buying an additional 137,366 shares during the period. Finally, Cornerstone Investment Partners LLC raised its stake in shares of V.F. Corp. by 8.5% in the second quarter. Cornerstone Investment Partners LLC now owns 1,581,292 shares of the company’s stock valued at $97,234,000 after buying an additional 124,499 shares during the period. 84.03% of the stock is owned by hedge funds and other institutional investors.
About V.F. Corp.
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.
Receive News & Ratings for V.F. Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for V.F. Corp. and related companies with MarketBeat.com's FREE daily email newsletter.