V.F. (NYSE:VFC) Price Target Cut to $56.00 by Analysts at Deutsche Bank Aktiengesellschaft

Posted by MarketBeat News on Aug 2nd, 2022

V.F. (NYSE:VFC – Get Rating) had its target price cut by Deutsche Bank Aktiengesellschaft from $59.00 to $56.00 in a research report released on Monday, The Fly reports.

VFC has been the subject of several other research reports. Credit Suisse Group dropped their target price on shares of V.F. from $81.00 to $61.00 and set an outperform rating for the company in a research report on Friday, May 20th. Citigroup lowered their price objective on shares of V.F. from $49.00 to $47.00 and set a maintains rating for the company in a research report on Friday. Stifel Nicolaus upped their price objective on shares of V.F. from $42.00 to $43.00 in a research report on Wednesday, July 20th. BTIG Research lowered their price objective on shares of V.F. from $67.00 to $60.00 in a research report on Friday. Finally, Robert W. Baird lowered their price objective on shares of V.F. from $80.00 to $60.00 and set an outperform rating for the company in a research report on Friday, May 20th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus price target of $57.89.

V.F. Stock Performance

VFC stock opened at $45.50 on Monday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.33 and a quick ratio of 0.66. The company has a 50 day moving average price of $46.85 and a 200 day moving average price of $53.37. V.F. has a fifty-two week low of $43.08 and a fifty-two week high of $82.77. The stock has a market capitalization of $17.68 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 2.03 and a beta of 1.35.

V.F. (NYSE:VFC – Get Rating) last issued its earnings results on Thursday, May 19th. The textile maker reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.83 billion. V.F. had a net margin of 8.45% and a return on equity of 33.20%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS. Analysts forecast that V.F. will post 3.07 EPS for the current year.

V.F. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Monday, September 12th will be issued a $0.50 dividend. The ex-dividend date is Friday, September 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.40%. V.F.’s payout ratio is 77.82%.

Insider Activity

In other news, Director W Rodney Mcmullen bought 3,000 shares of the company’s stock in a transaction dated Wednesday, May 25th. The shares were bought at an average cost of $45.40 per share, with a total value of $136,200.00. Following the acquisition, the director now owns 25,125 shares in the company, valued at $1,140,675. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Richard Carucci bought 10,000 shares of the company’s stock in a transaction dated Tuesday, June 14th. The shares were bought at an average cost of $45.39 per share, with a total value of $453,900.00. Following the acquisition, the director now owns 107,493 shares in the company, valued at $4,879,107.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Rodney Mcmullen bought 3,000 shares of the company’s stock in a transaction dated Wednesday, May 25th. The stock was purchased at an average cost of $45.40 per share, for a total transaction of $136,200.00. Following the completion of the acquisition, the director now owns 25,125 shares in the company, valued at approximately $1,140,675. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 16,000 shares of company stock valued at $740,070. 0.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Landmark Wealth Management LLC bought a new position in V.F. in the 1st quarter valued at about $40,000. Missouri Trust & Investment Co bought a new position in V.F. in the 4th quarter valued at about $30,000. Tompkins Financial Corp raised its holdings in V.F. by 981.4% in the 1st quarter. Tompkins Financial Corp now owns 465 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 422 shares during the period. Cornerstone Advisory LLC bought a new position in V.F. in the 4th quarter valued at about $40,000. Finally, LS Investment Advisors LLC bought a new position in V.F. in the 2nd quarter valued at about $25,000. 88.25% of the stock is owned by institutional investors.

V.F. Company Profile

(Get Rating)

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.