Trading Report: Today: Brean Capital Reiterates “Hold” Rating for V.F. Corp. (VFC)

Today: Brean Capital Reiterates “Hold” Rating for V.F. Corp. (VFC)

V.F. Corp. (NYSE:VFC)‘s stock had its “hold” rating restated by Brean Capital in a research note issued to investors on Monday. They currently have a $58.00 price objective on the stock. Brean Capital’s target price indicates a potential upside of 1.29% from the company’s current price.

Other research analysts have also recently issued research reports about the company. B. Riley reissued a “neutral” rating and issued a $56.00 price objective on shares of V.F. Corp. in a research report on Monday, October 24th. Canaccord Genuity reaffirmed a “buy” rating and set a $64.00 price target on shares of V.F. Corp. in a research report on Tuesday, October 25th. Citigroup Inc. cut V.F. Corp. from a “buy” rating to a “neutral” rating in a research report on Monday, October 24th. Telsey Advisory Group dropped their price target on V.F. Corp. from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 25th. Finally, DA Davidson cut V.F. Corp. from a “buy” rating to a “neutral” rating and dropped their price target for the company from $78.00 to $64.00 in a research report on Tuesday, September 6th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $65.36.

Shares of V.F. Corp. (NYSE:VFC) traded down 0.65% during mid-day trading on Monday, reaching $56.89. The company’s stock had a trading volume of 2,452,557 shares. V.F. Corp. has a 12 month low of $51.76 and a 12 month high of $67.10. The firm has a market cap of $23.54 billion, a PE ratio of 21.60 and a beta of 0.84. The company has a 50-day moving average of $55.01 and a 200-day moving average of $59.76.

V.F. Corp. (NYSE:VFC) last posted its quarterly earnings data on Monday, October 24th. The company reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.05. V.F. Corp. had a return on equity of 26.26% and a net margin of 9.23%. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. On average, analysts predict that V.F. Corp. will post $3.13 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Friday, December 9th will be given a $0.42 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $1.68 annualized dividend and a dividend yield of 2.93%. This is a positive change from V.F. Corp.’s previous quarterly dividend of $0.37. V.F. Corp.’s dividend payout ratio is currently 56.06%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BB&T Corp raised its position in V.F. Corp. by 246.3% in the second quarter. BB&T Corp now owns 327,890 shares of the company’s stock worth $20,162,000 after buying an additional 233,202 shares during the period. Norris Perne & French LLP MI raised its position in V.F. Corp. by 9.7% in the second quarter. Norris Perne & French LLP MI now owns 95,131 shares of the company’s stock worth $5,850,000 after buying an additional 8,374 shares during the period. Cardinal Capital Management Inc. raised its position in V.F. Corp. by 11.8% in the third quarter. Cardinal Capital Management Inc. now owns 131,110 shares of the company’s stock worth $7,349,000 after buying an additional 13,810 shares during the period. Exxonmobil Investment Management Inc. TX raised its position in V.F. Corp. by 4.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 86,356 shares of the company’s stock worth $5,310,000 after buying an additional 3,677 shares during the period. Finally, Atlantic Trust Group LLC raised its position in V.F. Corp. by 2.6% in the second quarter. Atlantic Trust Group LLC now owns 1,156,702 shares of the company’s stock worth $71,125,000 after buying an additional 29,761 shares during the period. 84.03% of the stock is owned by hedge funds and other institutional investors.

V.F. Corp. Company Profile

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