V.F. (NYSE:VFC) Stock Price Down 3.5% After Analyst Downgrade

Shares of V.F. Co. (NYSE:VFC) traded down 3.5% on Friday after Barclays lowered their price target on the stock from $16.00 to $12.00. Barclays currently has an equal weight rating on the stock. V.F. traded as low as $11.54 and last traded at $11.55. 2,024,384 shares were traded during mid-day trading, a decline of 77% from the average session volume of 8,800,515 shares. The stock had previously closed at $11.97.

VFC has been the subject of a number of other research reports. BNP Paribas restated a “neutral” rating and issued a $14.00 price target (down previously from $18.00) on shares of V.F. in a research report on Friday, April 12th. StockNews.com upgraded V.F. from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Wedbush cut their target price on V.F. from $15.50 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday. Williams Trading reiterated a “sell” rating on shares of V.F. in a research report on Thursday, January 25th. Finally, Wells Fargo & Company cut their target price on V.F. from $14.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.44.

Institutional Investors Weigh In On V.F.

A number of institutional investors and hedge funds have recently modified their holdings of VFC. M&G Plc bought a new stake in shares of V.F. during the 1st quarter worth approximately $200,768,000. Norges Bank bought a new stake in shares of V.F. during the 4th quarter worth approximately $76,059,000. Jackson Square Partners LLC bought a new stake in shares of V.F. during the 4th quarter worth approximately $46,646,000. M&G Investment Management Ltd. lifted its stake in shares of V.F. by 19.4% during the 4th quarter. M&G Investment Management Ltd. now owns 12,413,169 shares of the textile maker’s stock worth $235,850,000 after acquiring an additional 2,016,470 shares during the last quarter. Finally, Capital World Investors bought a new stake in shares of V.F. during the 1st quarter worth approximately $30,527,000. 86.84% of the stock is owned by institutional investors.

V.F. Price Performance

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 stock has a market capitalization of $4.80 billion, a P/E ratio of -4.93, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. The stock has a 50 day moving average of $13.24 and a 200-day moving average of $15.62.

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

V.F. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.36 annualized dividend and a yield of 2.92%. V.F.’s payout ratio is currently -14.40%.

V.F. Company Profile

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.