Brokerages Set VF Corporation (NYSE:VFC) Target Price at $22.90

Shares of VF Corporation (NYSE:VFC) have been assigned a consensus rating of “Hold” from the twenty-one ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $22.90.

Several equities research analysts recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of VF from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Truist Financial reissued a “hold” rating and issued a $24.00 target price (up from $20.00) on shares of VF in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their price target on VF from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Argus upgraded VF from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, December 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $28.00 price objective on shares of VF in a report on Friday, March 7th.

Institutional Investors Weigh In On VF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC increased its holdings in shares of VF by 1.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock valued at $73,084,000 after purchasing an additional 65,919 shares in the last quarter. TB Alternative Assets Ltd. acquired a new position in VF during the fourth quarter worth about $1,878,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in VF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after buying an additional 3,008 shares in the last quarter. CKW Financial Group lifted its position in shares of VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 500 shares during the period. Finally, Fiduciary Alliance LLC boosted its stake in shares of VF by 6.8% during the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after acquiring an additional 16,431 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

VF Stock Up 3.8 %

Shares of NYSE VFC opened at $17.00 on Tuesday. The business has a 50-day moving average of $22.89 and a two-hundred day moving average of $21.13. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of -14.28, a price-to-earnings-growth ratio of 6.77 and a beta of 1.46. VF has a 1 year low of $11.00 and a 1 year high of $29.02. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00.

VF (NYSE:VFC) last posted its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same quarter in the previous year, the business earned $0.57 earnings per share. On average, analysts forecast that VF will post 0.73 earnings per share for the current fiscal year.

VF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Monday, March 10th. VF’s dividend payout ratio is presently -30.25%.

VF Company Profile

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.