V.F. Corporation (NYSE:VFC) declared a quarterly dividend on Monday, July 24th, RTT News reports. Stockholders of record on Friday, September 8th will be given a dividend of 0.42 per share by the textile maker on Monday, September 18th. This represents a $1.68 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Thursday, September 7th.
V.F. Corporation has increased its dividend payment by an average of 18.7% annually over the last three years and has raised its dividend every year for the last 44 years. V.F. Corporation has a dividend payout ratio of 56.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect V.F. Corporation to earn $3.34 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 50.3%.
V.F. Corporation (VFC) traded down 0.49% during trading on Friday, hitting $62.78. The stock had a trading volume of 2,642,098 shares. V.F. Corporation has a 12 month low of $48.05 and a 12 month high of $65.20. The firm has a 50 day moving average of $59.88 and a 200-day moving average of $55.33. The stock has a market cap of $24.71 billion, a price-to-earnings ratio of 23.95 and a beta of 0.78.
V.F. Corporation (NYSE:VFC) last issued its quarterly earnings data on Monday, July 24th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. V.F. Corporation had a net margin of 9.23% and a return on equity of 27.44%. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period last year, the firm posted $0.35 EPS. V.F. Corporation’s revenue for the quarter was up 1.7% on a year-over-year basis. Equities analysts predict that V.F. Corporation will post $2.97 earnings per share for the current year.
Several brokerages have issued reports on VFC. Cowen and Company reissued a “hold” rating on shares of V.F. Corporation in a research report on Thursday. Bank of America Corporation reissued an “underperform” rating and set a $50.00 price objective (up from $47.00) on shares of V.F. Corporation in a research report on Tuesday. Buckingham Research raised their price objective on shares of V.F. Corporation from $55.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday. Susquehanna Bancshares Inc reissued a “positive” rating and set a $75.00 price objective (up from $70.00) on shares of V.F. Corporation in a research report on Tuesday. Finally, Forward View reissued a “hold” rating on shares of V.F. Corporation in a research report on Tuesday. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $60.15.
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V.F. Corporation Company Profile
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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