VF (NYSE:VFC) Upgraded at Barclays

Barclays upgraded shares of VF (NYSE:VFC) from an equal weight rating to an overweight rating in a research report released on Wednesday morning, MarketBeat reports. They currently have $22.00 target price on the textile maker’s stock, up from their previous target price of $19.00.

VFC has been the topic of a number of other research reports. Wedbush reiterated a neutral rating and issued a $13.00 target price on shares of VF in a report on Monday, August 5th. StockNews.com upgraded VF from a sell rating to a hold rating in a report on Thursday, August 8th. Bank of America dropped their target price on VF from $13.00 to $11.00 and set an underperform rating on the stock in a report on Thursday, May 23rd. Robert W. Baird increased their price objective on VF from $13.00 to $17.00 and gave the stock a neutral rating in a report on Wednesday, August 7th. Finally, BMO Capital Markets increased their price objective on VF from $13.00 to $14.00 and gave the stock a market perform rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, VF currently has an average rating of Hold and an average target price of $16.19.

VF Price Performance

NYSE VFC opened at $18.65 on Wednesday. The stock’s 50-day moving average price is $17.15 and its two-hundred day moving average price is $14.77. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84. The company has a market cap of $7.26 billion, a PE ratio of -7.46, a PEG ratio of 2.05 and a beta of 1.53. VF has a 1 year low of $11.00 and a 1 year high of $20.69.

VF (NYSE:VFC) last issued its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.85 billion. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.15) EPS. On average, analysts predict that VF will post 0.73 EPS for the current year.

VF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th were given a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.93%. VF’s dividend payout ratio is -14.40%.

Insider Activity

In other VF news, Director Richard Carucci acquired 15,000 shares of VF stock in a transaction dated Thursday, August 22nd. The stock was bought 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 owns 230,178 shares of the company’s stock, valued at $3,843,972.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On VF

Several hedge funds have recently modified their holdings of VFC. Intech Investment Management LLC bought a new position in VF in the fourth quarter worth $1,518,000. Principal Financial Group Inc. lifted its position in VF by 328.0% in the second quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock worth $21,922,000 after purchasing an additional 1,244,448 shares during the period. Sompo Asset Management Co. Ltd. lifted its position in VF by 60.6% in the fourth quarter. Sompo Asset Management Co. Ltd. now owns 351,520 shares of the textile maker’s stock worth $6,609,000 after purchasing an additional 132,650 shares during the period. Compass Wealth Management LLC bought a new position in VF in the first quarter worth $2,574,000. Finally, Virtu Financial LLC bought a new position in VF in the fourth quarter worth $1,036,000. 86.84% of the stock is owned by institutional investors.

About VF

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.