VF Corporation (NYSE:VFC) to Issue $0.09 Quarterly Dividend

VF Corporation (NYSE:VFC) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Shareholders of record on Monday, March 10th will be paid a dividend of 0.09 per share by the textile maker on Thursday, March 20th. This represents a $0.36 annualized dividend and a yield of 1.42%.

VF has decreased its dividend payment by an average of 43.3% annually over the last three years. VF has a dividend payout ratio of 25.7% meaning its dividend is sufficiently covered by earnings. Analysts expect VF to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 40.0%.

VF Price Performance

Shares of VF stock opened at $25.44 on Thursday. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86. VF has a 1 year low of $11.00 and a 1 year high of $29.02. The firm’s 50-day moving average is $21.98 and its two-hundred day moving average is $19.61.

VF (NYSE:VFC) last released its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, beating the consensus estimate of $0.34 by $0.28. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. During the same quarter last year, the business earned $0.57 earnings per share. As a group, sell-side analysts anticipate that VF will post 0.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on VFC shares. Citigroup raised their price objective on shares of VF from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Telsey Advisory Group reissued a “market perform” rating and issued a $21.00 price target on shares of VF in a research note on Wednesday. Argus raised shares of VF from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, December 17th. Jefferies Financial Group lifted their price target on shares of VF from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, Guggenheim raised their price objective on VF from $25.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.84.

About VF

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.