VF (NYSE:VFC) Now covered by analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of VF (NYSE:VFC – Free Report) in a research report published on Friday morning, MarketBeat.com reports. The brokerage issued a hold rating and a $20.00 price objective on the textile maker’s stock.

Several other research firms have also recently commented on VFC. BMO Capital Markets boosted their target price on VF from $13.00 to $14.00 and gave the stock a market perform rating in a research report on Wednesday, August 7th. Wedbush reissued a neutral rating and set a $13.00 price objective on shares of VF in a report on Monday, August 5th. StockNews.com raised shares of VF from a sell rating to a hold rating in a research note on Thursday, August 8th. Telsey Advisory Group upped their target price on shares of VF from $15.00 to $19.00 and gave the stock a market perform rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of VF from $17.00 to $16.00 and set a neutral rating on the stock in a research report on Monday, September 16th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $16.41, according to MarketBeat.

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VF price performance

Shares of VFC stock opened at $19.59 on Friday. The firm has a 50-day moving average of $17.45 and a 200-day moving average of $14.85. The firm has a market cap of $7.62 billion, a P/E ratio of -7.84, a price-to-earnings-growth ratio of 2.15 and a beta of 1.53. VF has a 12-month low of $11.00 and a 12-month high of $20.69. The company has a current ratio of 0.99, a quick ratio of 0.51, and a debt-to-equity ratio of 2.84.

VF (NYSE:VFC – Get Free Report ) last announced its quarterly earnings results on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.04. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.85 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.15) EPS. As a group, sell-side analysts forecast that VF will post 0.72 earnings per share for the current fiscal year.

VF dividend announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents an annualized dividend of $0.36 and a yield of 1.84%. VF’s payout ratio is -14.40%.

Insider trading at VF

In other news, Director Richard Carucci acquired 15,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were bought at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the purchase, the director now directly owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Company insiders own 0.70% of the company’s shares.

Institutional inputs and outputs

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. M&G Plc acquired a new position in shares of VF in the first quarter valued at approximately $200,768,000. Pacer Advisors Inc. boosted its holdings in VF by 28.0% in the second quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock worth $159,609,000 after purchasing an additional 2,589,852 shares during the last quarter. Capital World Investors purchased a new stake in shares of VF in the first quarter valued at about $30,527,000. Principal Financial Group Inc. boosted its holdings in shares of VF by 328.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock valued at $21,922,000 after buying an additional 1,244,448 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of VF by 1,365.2% in the second quarter. Public Sector Pension Investment Board now owns 727,148 shares of the textile maker’s stock valued at $9,816,000 after buying an additional 677,519 shares during the period. Institutional investors own 86.84% of the company’s shares.

About VF

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VF Corporation, together with its subsidiaries, engages in the design, acquisition, marketing and distribution of branded apparel, footwear and lifestyle accessories for men, women and children in the Americas, Europe and Asia-Pacific. It operates through three segments: outdoors, active and work.

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