V.F. (NYSE:VFC) Price Target Lowered to $22.00 at Robert W. Baird

V.F. (NYSE:VFC – Get Rating) had its target price trimmed by Robert W. Baird from $24.00 to $22.00 in a research note published on Wednesday, The Fly reports.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reduced their price target on V.F. from $23.00 to $20.00 and set an underweight rating for the company in a research report on Wednesday, February 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on V.F. from $36.00 to $35.00 and set a buy rating on the stock in a research note on Monday, February 6th. UBS Group dropped their price objective on V.F. from $24.00 to $22.00 in a research note on Tuesday, May 9th. Stifel Nicolaus upgraded V.F. from a hold rating to a buy rating and set a $30.00 price target on the stock in a research note on Friday, February 10th. Finally, Citigroup lowered their price objective on V.F. from $22.00 to $20.00 in a research note on Wednesday. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $28.74.

V.F. Stock Down 3.3 %

Shares of V.F. stock opened at $18.35 on Wednesday. V.F. has a twelve month low of $18.03 and a twelve month high of $51.40. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 2.87 and a beta of 1.44. The business’s 50 day simple moving average is $21.61 and its 200-day simple moving average is $26.08. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.39.

V.F. (NYSE:VFC – Get Rating) last issued its earnings results on Tuesday, May 23rd. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.72 billion. V.F. had a return on equity of 27.87% and a net margin of 3.54%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. Equities research analysts forecast that V.F. will post 2.07 earnings per share for the current year.

V.F. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Monday, June 12th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.54%. V.F.’s dividend payout ratio (DPR) is presently 112.15%.

Insider Transactions at V.F.

In other news, Director Carol L. Roberts acquired 7,109 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The shares were acquired at an average cost of $21.07 per share, with a total value of $149,786.63. Following the completion of the purchase, the director now directly owns 7,109 shares of the company’s stock, valued at approximately $149,786.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On V.F.

A number of hedge funds have recently modified their holdings of VFC. Vanguard Group Inc. lifted its holdings in V.F. by 1.7% in the third quarter. Vanguard Group Inc. now owns 41,829,926 shares of the textile maker’s stock valued at $1,251,133,000 after buying an additional 686,237 shares during the period. BlackRock Inc. increased its stake in V.F. by 1.3% in the third quarter. BlackRock Inc. now owns 26,308,313 shares of the textile maker’s stock valued at $786,882,000 after purchasing an additional 336,122 shares in the last quarter. State Street Corp increased its stake in V.F. by 21.4% in the third quarter. State Street Corp now owns 24,962,446 shares of the textile maker’s stock valued at $746,627,000 after purchasing an additional 4,404,458 shares in the last quarter. Moneta Group Investment Advisors LLC increased its stake in V.F. by 97,005.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 15,843,788 shares of the textile maker’s stock valued at $437,447,000 after purchasing an additional 15,827,472 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in V.F. by 12.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,577,730 shares of the textile maker’s stock valued at $226,994,000 after purchasing an additional 968,595 shares in the last quarter. Institutional investors and hedge funds own 96.89% of the company’s stock.

About V.F.

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VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor, Active, and Work. The Outdoor segment refers to authentic outdoor-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.