V.F. (NYSE:VFC) Price Target Cut to $20.00

V.F. (NYSE:VFC – Get Rating) had its price target decreased by Barclays from $26.00 to $20.00 in a research note released on Thursday, The Fly reports.

A number of other equities research analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price target on V.F. from $33.00 to $26.00 in a research report on Wednesday. The Goldman Sachs Group raised V.F. from a sell rating to a buy rating and boosted their price target for the company from $26.00 to $27.00 in a research report on Friday, April 14th. Wells Fargo & Company raised V.F. from an underweight rating to an equal weight rating and boosted their price target for the company from $18.00 to $22.00 in a research report on Friday, May 5th. Telsey Advisory Group reissued an outperform rating and set a $36.00 price target on shares of V.F. in a research report on Wednesday, February 8th. Finally, JPMorgan Chase & Co. lowered 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. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $28.42.

V.F. Price Performance

Shares of NYSE:VFC opened at $17.45 on Thursday. The company has a market cap of $6.78 billion, a P/E ratio of 56.29, a P/E/G ratio of 2.74 and a beta of 1.44. The company has a quick ratio of 0.58, a current ratio of 1.45 and a debt-to-equity ratio of 1.96. V.F. has a 52 week low of $17.43 and a 52 week high of $51.40. The business has a fifty day simple moving average of $21.54 and a 200-day simple moving average of $26.02.

V.F. (NYSE:VFC – Get Rating) last announced its quarterly earnings data on Tuesday, May 23rd. The textile maker reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. V.F. had a return on equity of 25.78% and a net margin of 1.02%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. Equities research analysts forecast that V.F. will post 2.11 EPS for the current year.

V.F. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Monday, June 12th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.88%. The ex-dividend date is Friday, June 9th. V.F.’s dividend payout ratio (DPR) is 387.11%.

Insider Buying and Selling

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

Institutional Trading of V.F.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Lumature Wealth Partners LLC raised its stake in V.F. by 6.0% during the first quarter. Lumature Wealth Partners LLC now owns 4,153 shares of the textile maker’s stock valued at $236,000 after buying an additional 236 shares in the last quarter. Utah Retirement Systems grew its holdings in shares of V.F. by 0.5% during the third quarter. Utah Retirement Systems now owns 62,551 shares of the textile maker’s stock valued at $1,871,000 after purchasing an additional 300 shares during the last quarter. CI Investments Inc. grew its holdings in shares of V.F. by 3.9% during the third quarter. CI Investments Inc. now owns 8,304 shares of the textile maker’s stock valued at $248,000 after purchasing an additional 313 shares during the last quarter. Mycio Wealth Partners LLC grew its holdings in shares of V.F. by 1.3% during the third quarter. Mycio Wealth Partners LLC now owns 26,143 shares of the textile maker’s stock valued at $782,000 after purchasing an additional 333 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of V.F. by 12.1% during the fourth quarter. Parallel Advisors LLC now owns 3,098 shares of the textile maker’s stock valued at $86,000 after purchasing an additional 334 shares during 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.