OTR Global upgraded shares of V.F. (NYSE:VFC) to a positive rating in a research note released on Monday morning, The Fly reports.
VFC has been the topic of several other reports. BTIG Research upgraded shares of V.F. from a neutral rating to a buy rating and set a $88.00 price objective on the stock in a research report on Tuesday, September 15th. Stifel Nicolaus cut shares of V.F. from a buy rating to a hold rating and set a $80.00 price objective on the stock. in a research report on Friday, October 9th. Barclays increased their price target on shares of V.F. from $85.00 to $92.00 and gave the company an overweight rating in a research report on Tuesday, November 10th. TheStreet upgraded shares of V.F. from a d+ rating to a c rating in a research report on Tuesday, September 15th. Finally, Robert W. Baird increased their price target on shares of V.F. from $85.00 to $92.00 and gave the company an outperform rating in a research report on Tuesday, November 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. V.F. currently has a consensus rating of Buy and an average price target of $84.79.
Shares of VFC opened at $85.57 on Monday. The business’s 50-day moving average price is $86.20 and its 200-day moving average price is $72.99. V.F. has a twelve month low of $45.07 and a twelve month high of $97.32. The stock has a market cap of $33.37 billion, a PE ratio of -658.23, a P/E/G ratio of 5.58 and a beta of 1.14. The company has a quick ratio of 2.52, a current ratio of 3.20 and a debt-to-equity ratio of 1.93.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 21st. Shareholders of record on Thursday, December 10th were given a $0.49 dividend. This is a boost from V.F.’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Wednesday, December 9th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.29%. V.F.’s payout ratio is presently 73.13%.
In related news, EVP Laura C. Meagher sold 27,499 shares of the business’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $77.45, for a total transaction of $2,129,797.55. Also, CFO Scott A. Roe sold 62,741 shares of the business’s stock in a transaction dated Friday, November 13th. The shares were sold at an average price of $79.21, for a total transaction of $4,969,714.61. Following the transaction, the chief financial officer now owns 176,357 shares in the company, valued at approximately $13,969,237.97. The disclosure for this sale can be found here. Insiders sold 143,299 shares of company stock worth $11,290,112 in the last 90 days. Corporate insiders own 0.80% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in VFC. Charles Schwab Investment Management Inc. increased its position in shares of V.F. by 42.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 8,645,008 shares of the textile maker’s stock valued at $526,828,000 after buying an additional 2,575,045 shares during the period. Harding Loevner LP purchased a new stake in V.F. in the third quarter worth about $162,390,000. AustralianSuper Pty Ltd purchased a new stake in V.F. in the third quarter worth about $149,309,000. FMR LLC grew its holdings in V.F. by 157.0% in the second quarter. FMR LLC now owns 2,942,075 shares of the textile maker’s stock worth $179,289,000 after purchasing an additional 1,797,118 shares during the period. Finally, Diamond Hill Capital Management Inc. grew its holdings in V.F. by 13.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 4,804,835 shares of the textile maker’s stock worth $337,540,000 after purchasing an additional 585,392 shares during the period. Institutional investors own 69.41% of the company’s stock.
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, Active, and Work. The company offers outdoor, merino wool and other natural fibers-based, lifestyle, and casual apparel; equipment; accessories; outdoor lifestyle, performance-based, youth culture/action sports-inspired, and protective work footwear; handbags, luggage, backpacks, totes, and travel accessories; and work and work-inspired lifestyle apparel and footwear.
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