V.F. (NYSE:VFC) PT Raised to $16.00

V.F. (NYSE:VFC) had its price target hoisted by TD Cowen from $9.00 to $16.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a hold rating on the textile maker’s stock.

A number of other brokerages also recently commented on VFC. The Goldman Sachs Group decreased their price target on V.F. from $12.50 to $11.00 and set a neutral rating for the company in a research report on Thursday, May 23rd. Telsey Advisory Group restated a market perform rating and set a $15.00 price objective on shares of V.F. in a report on Wednesday, July 31st. UBS Group dropped their price objective on V.F. from $14.00 to $12.00 and set a neutral rating on the stock in a research note on Tuesday, May 28th. Wells Fargo & Company raised their target price on V.F. from $11.00 to $14.00 and gave the stock an equal weight rating in a research report on Thursday, July 18th. Finally, Citigroup raised shares of V.F. from a neutral rating to a buy rating and upped their price objective for the company from $11.00 to $20.00 in a report on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $15.19.

V.F. Stock Down 2.2 %

VFC traded down $0.39 during midday trading on Tuesday, reaching $17.40. 6,614,098 shares of the company were exchanged, compared to its average volume of 8,768,965. V.F. has a one year low of $11.00 and a one year high of $21.17. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.71 and a current ratio of 1.22. The company’s fifty day moving average price is $14.62 and its 200 day moving average price is $14.51. The company has a market cap of $6.77 billion, a price-to-earnings ratio of -6.96, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

V.F. (NYSE:VFC) last announced its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.04. V.F. had a negative net margin of 11.39% and a positive return on equity of 10.86%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. As a group, analysts expect that V.F. will post 0.85 EPS for the current year.

V.F. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 10th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.36 annualized dividend and a yield of 2.07%. V.F.’s dividend payout ratio (DPR) is presently -14.40%.

Insider Buying and Selling at V.F.

In other news, Director Richard Carucci acquired 25,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were purchased at an average price of $13.78 per share, with a total value of $344,500.00. Following the transaction, the director now directly owns 215,130 shares in the company, valued at $2,964,491.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other V.F. news, Director Richard Carucci bought 25,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were purchased at an average cost of $13.78 per share, for a total transaction of $344,500.00. Following the purchase, the director now directly owns 215,130 shares in the company, valued at $2,964,491.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bracken Darrell acquired 75,200 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were bought at an average price of $13.26 per share, for a total transaction of $997,152.00. Following the acquisition, the insider now owns 219,972 shares of the company’s stock, valued at $2,916,828.72. The disclosure for this purchase can be found here. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On V.F.

Institutional investors and hedge funds have recently made changes to their positions in the stock. M&G Plc purchased a new position in V.F. in the 1st quarter worth $200,768,000. Norges Bank acquired a new stake in shares of V.F. during the fourth quarter worth about $76,059,000. Jackson Square Partners LLC acquired a new position in V.F. in the 4th quarter worth approximately $46,646,000. M&G Investment Management Ltd. raised its position in V.F. by 19.4% during the 4th quarter. M&G Investment Management Ltd. now owns 12,413,169 shares of the textile maker’s stock worth $235,850,000 after buying an additional 2,016,470 shares during the last quarter. Finally, Capital World Investors acquired a new stake in V.F. during the 1st quarter valued at approximately $30,527,000. 86.84% of the stock is currently owned by institutional investors and hedge funds.

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.