V.F. (NYSE:VFC) Price Target Cut to $19.00 by Analysts at Stifel Nicolaus

V.F. (NYSE:VFC) had its target price reduced by Stifel Nicolaus from $22.00 to $19.00 in a research note released on Thursday, Benzinga reports. They currently have a buy rating on the textile maker’s stock.

VFC has been the subject of several other reports. Williams Trading restated a sell rating on shares of V.F. in a research report on Thursday, January 25th. Telsey Advisory Group restated a market perform rating and set a $13.00 price target (down from $18.00) on shares of V.F. in a research report on Thursday. The Goldman Sachs Group lowered their price target on V.F. from $12.50 to $11.00 and set a neutral rating for the company in a research report on Thursday. StockNews.com upgraded V.F. from a sell rating to a hold rating in a research report on Thursday, February 8th. Finally, UBS Group decreased their target price on V.F. from $19.00 to $18.00 and set a neutral rating for the company in a report on Monday, February 5th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $14.59.

V.F. Price Performance

NYSE:VFC opened at $11.97 on Thursday. V.F. has a 12 month low of $11.00 and a 12 month high of $21.17. The stock has a 50 day moving average of $13.29 and a two-hundred day moving average of $15.65. The company has a current ratio of 1.23, a quick ratio of 0.70 and a debt-to-equity ratio of 2.25. The firm has a market cap of $4.65 billion, a P/E ratio of -4.79, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49.

V.F. (NYSE:VFC) last posted its quarterly earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.34). V.F. had a negative net margin of 9.27% and a positive return on equity of 12.18%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the business posted $0.17 EPS. V.F.’s revenue for the quarter was down 13.4% compared to the same quarter last year. On average, analysts expect that V.F. will post 1.31 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Monday, June 10th will be paid a dividend of $0.09 per share. The ex-dividend date is Monday, June 10th. This represents a $0.36 annualized dividend and a yield of 3.01%. V.F.’s dividend payout ratio (DPR) is -14.40%.

Institutional Investors Weigh In On V.F.

Several large investors have recently made changes to their positions in the company. Tidal Investments LLC acquired a new stake in shares of V.F. in the first quarter valued at approximately $1,089,000. B. Riley Wealth Advisors Inc. bought a new position in shares of V.F. in the first quarter valued at approximately $161,000. Janus Henderson Group PLC boosted its holdings in shares of V.F. by 322.9% in the first quarter. Janus Henderson Group PLC now owns 183,779 shares of the textile maker’s stock valued at $2,818,000 after acquiring an additional 140,323 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of V.F. by 0.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 442,206 shares of the textile maker’s stock valued at $6,784,000 after acquiring an additional 1,694 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its holdings in shares of V.F. by 302.4% in the first quarter. Quadrature Capital Ltd now owns 181,655 shares of the textile maker’s stock valued at $2,787,000 after acquiring an additional 136,507 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

About V.F.

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.