VF Corp (NYSE:VFC) announced a quarterly dividend on Friday, July 31st, RTT News reports. Shareholders of record on Thursday, September 10th will be paid a dividend of 0.48 per share by the textile maker on Monday, September 21st. This represents a $1.92 dividend on an annualized basis and a yield of 3.18%.
VF has raised its dividend by an average of 26.1% per year over the last three years and has raised its dividend annually for the last 47 consecutive years. VF has a dividend payout ratio of 71.6% meaning its dividend is sufficiently covered by earnings. Analysts expect VF to earn $2.42 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 79.3%.
Shares of VFC opened at $60.36 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.66 and a quick ratio of 1.23. The company has a market capitalization of $23.57 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 4.64 and a beta of 1.22. The business’s 50-day moving average is $60.77 and its 200-day moving average is $65.68. VF has a fifty-two week low of $45.07 and a fifty-two week high of $100.25.
VF (NYSE:VFC) last released its earnings results on Friday, July 31st. The textile maker reported ($0.57) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.07. VF had a net margin of 6.09% and a return on equity of 27.75%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $975.49 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The company’s revenue was down 47.5% compared to the same quarter last year. Equities research analysts expect that VF will post 1.12 earnings per share for the current fiscal year.
In related news, Director Benno O. Dorer bought 1,592 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average cost of $64.09 per share, for a total transaction of $102,031.28. Also, Director Richard Carucci purchased 3,500 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was bought at an average price of $60.51 per share, for a total transaction of $211,785.00. Following the completion of the transaction, the director now directly owns 69,774 shares in the company, valued at $4,222,024.74. The disclosure for this purchase can be found here. 0.80% of the stock is owned by corporate insiders.
A number of equities research analysts have recently weighed in on VFC shares. Credit Suisse Group reaffirmed a “buy” rating and set a $71.00 price target on shares of VF in a research note on Wednesday, June 10th. BTIG Research began coverage on shares of VF in a research note on Tuesday, April 28th. They issued a “neutral” rating for the company. Royal Bank of Canada cut their price target on shares of VF from $94.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. UBS Group decreased their price objective on shares of VF from $93.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Finally, Guggenheim cut their target price on VF from $105.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $66.86.
VF Company Profile
V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.
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