V.F. Co. (VFC) to Issue Quarterly Dividend of $0.09 on September 18th

V.F. Co. (NYSE:VFC) declared a quarterly dividend on Tuesday, August 6th, Wall Street Journal reports. Stockholders of record on Tuesday, September 10th will be paid a dividend of 0.09 per share by the textile maker on Wednesday, September 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Tuesday, September 10th.

V.F. has decreased its dividend by an average of 20.0% per year over the last three years. V.F. has a payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect V.F. to earn $1.04 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 34.6%.

V.F. Trading Down 0.9 %

Shares of NYSE:VFC opened at $17.68 on Friday. V.F. has a 1 year low of $11.00 and a 1 year high of $20.69. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of -7.07, a price-to-earnings-growth ratio of 1.86 and a beta of 1.53. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.99 and a quick ratio of 0.51. The business’s 50 day moving average price is $16.14 and its 200-day moving average price is $14.62.

V.F. (NYSE:VFC) last announced its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. V.F. had a positive return on equity of 11.75% and a negative net margin of 11.39%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the firm posted ($0.15) EPS. The business’s revenue was down 8.9% on a year-over-year basis. On average, equities research analysts forecast that V.F. will post 0.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In other V.F. news, Director Richard Carucci acquired 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was purchased at an average cost of $16.70 per share, with a total value of $250,500.00. Following the transaction, the director now owns 230,178 shares of the company’s stock, valued at $3,843,972.60. The transaction was disclosed in a filing with the SEC, which is available at this link. In other V.F. news, insider Bracken Darrell acquired 75,200 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average cost of $13.26 per share, with a total value of $997,152.00. Following the transaction, the insider now owns 219,972 shares of the company’s stock, valued at $2,916,828.72. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard Carucci acquired 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were acquired at an average cost of $16.70 per share, with a total value of $250,500.00. Following the completion of the transaction, the director now directly owns 230,178 shares in the company, valued at approximately $3,843,972.60. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 115,200 shares of company stock valued at $1,592,152. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VFC shares. Argus upgraded V.F. to a “hold” rating in a report on Wednesday, August 28th. The Goldman Sachs Group decreased their price objective on V.F. from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, May 23rd. TD Cowen raised their price objective on V.F. from $9.00 to $16.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Wells Fargo & Company raised their price objective on V.F. from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Robert W. Baird raised their price objective on V.F. from $13.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, V.F. presently has an average rating of “Hold” and an average price target of $15.56.

V.F. Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.