V.F. (NYSE:VFC) Given New $16.00 Price Target at Wells Fargo & Company

V.F. (NYSE:VFC) had its target price raised by Wells Fargo & Company from $15.00 to $16.00 in a research report report published on Friday, Benzinga reports. The firm currently has an equal weight rating on the textile maker’s stock.

VFC has been the topic of several other reports. Evercore ISI increased their price objective on shares of V.F. from $14.00 to $16.00 and gave the stock an in-line rating in a report on Wednesday, August 7th. Bank of America decreased their price objective on shares of V.F. from $13.00 to $11.00 and set an underperform rating for the company in a research note on Thursday, May 23rd. StockNews.com raised shares of V.F. from a sell rating to a hold rating in a research note on Thursday, August 8th. Telsey Advisory Group upped their target price on V.F. from $15.00 to $19.00 and gave the stock a market perform rating in a research report on Wednesday, August 7th. Finally, Wedbush reissued a neutral rating and issued a $13.00 price objective on shares of V.F. in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, V.F. presently has an average rating of Hold and an average target price of $15.56.

V.F. Stock Down 0.6 %

Shares of NYSE:VFC opened at $17.58 on Friday. The company has a market capitalization of $6.84 billion, a P/E ratio of -7.03, a P/E/G ratio of 1.99 and a beta of 1.53. The stock’s fifty day simple moving average is $16.23 and its 200-day simple moving average is $14.62. V.F. has a 52-week low of $11.00 and a 52-week high of $20.69. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84.

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, topping analysts’ consensus estimates of ($0.37) by $0.04. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.85 billion. V.F. had a negative net margin of 11.39% and a positive return on equity of 11.75%. V.F.’s revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.15) earnings per share. As a group, equities research analysts forecast that V.F. will post 0.73 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, September 10th. V.F.’s dividend payout ratio (DPR) is presently -14.40%.

Insider Activity at V.F.

In related news, Director Richard Carucci bought 15,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were bought at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the purchase, the director now owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

Institutional Trading of V.F.

Hedge funds have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC bought a new stake in shares of V.F. during the 4th quarter worth about $25,000. Mather Group LLC. purchased a new position in V.F. in the 1st quarter worth about $27,000. Future Financial Wealth Managment LLC acquired a new stake in V.F. during the 1st quarter worth about $31,000. Bank & Trust Co purchased a new stake in shares of V.F. in the 2nd quarter valued at approximately $35,000. Finally, Versant Capital Management Inc lifted its holdings in shares of V.F. by 6,981.1% in the second quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 2,583 shares in the last quarter. Institutional investors own 86.84% of the company’s stock.

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.