V.F. (NYSE:VFC) Price Target Lowered to $25.00 at BMO Capital Markets

V.F. (NYSE:VFC – Get Rating) had its price objective cut by BMO Capital Markets from $28.00 to $25.00 in a research report report published on Wednesday morning, The Fly reports.

A number of other brokerages have also weighed in on VFC. Wells Fargo & Company raised V.F. from an underweight rating to an equal weight rating and upped their price objective for the stock from $18.00 to $22.00 in a report on Friday, May 5th. UBS Group lowered their target price on V.F. from $24.00 to $22.00 in a report on Tuesday, May 9th. Bank of America lowered their target price on V.F. from $20.00 to $18.00 in a report on Wednesday. The Goldman Sachs Group raised V.F. from a sell rating to a buy rating and upped their target price for the company from $26.00 to $27.00 in a report on Friday, April 14th. Finally, Wedbush lowered their target price on V.F. from $29.00 to $19.00 in a report on Monday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, V.F. presently has an average rating of Hold and an average target price of $28.74.

V.F. Trading Down 3.3 %

NYSE:VFC opened at $18.35 on Wednesday. The stock’s 50 day simple moving average is $21.61 and its 200-day simple moving average is $26.08. V.F. has a 12-month low of $18.03 and a 12-month high of $51.40. The firm has a market cap of $7.13 billion, a P/E ratio of 17.15, a PEG ratio of 2.87 and a beta of 1.44. 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 announced its quarterly earnings data on Tuesday, May 23rd. The textile maker reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. V.F. had a return on equity of 27.87% and a net margin of 3.54%. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. V.F.’s quarterly revenue was down 3.0% on a year-over-year basis. Equities analysts anticipate that V.F. will post 2.07 EPS for the current year.

V.F. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Monday, June 12th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.54%. V.F.’s dividend payout ratio (DPR) is currently 112.15%.

Insider Activity

In other V.F. news, Director Carol L. Roberts acquired 7,109 shares of the stock in a transaction on Wednesday, March 15th. The stock was purchased at an average price of $21.07 per share, for a total transaction of $149,786.63. Following the purchase, the director now directly owns 7,109 shares in the company, valued at $149,786.63. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On V.F.

A number of hedge funds have recently bought and sold shares of VFC. TCI Wealth Advisors Inc. grew its position in shares of V.F. by 345.7% in the 4th quarter. TCI Wealth Advisors Inc. now owns 927 shares of the textile maker’s stock worth $26,000 after acquiring an additional 719 shares in the last quarter. SJS Investment Consulting Inc. grew its position in shares of V.F. by 50.4% in the 4th quarter. SJS Investment Consulting Inc. now owns 1,006 shares of the textile maker’s stock worth $28,000 after acquiring an additional 337 shares in the last quarter. General Partner Inc. acquired a new position in shares of V.F. in the 4th quarter worth approximately $30,000. North Star Investment Management Corp. grew its position in shares of V.F. by 1,000.0% in the 1st quarter. North Star Investment Management Corp. now owns 1,320 shares of the textile maker’s stock worth $30,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Bogart Wealth LLC grew its position in shares of V.F. by 878.9% in the 4th quarter. Bogart Wealth LLC now owns 1,116 shares of the textile maker’s stock worth $31,000 after acquiring an additional 1,002 shares in the last quarter. Institutional investors and hedge funds own 96.89% of the company’s stock.

V.F. Company Profile

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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.