V.F. (NYSE:VFC) Price Target Lowered to $12.50 at The Goldman Sachs Group

V.F. (NYSE:VFC) had its target price cut by The Goldman Sachs Group from $14.00 to $12.50 in a report issued on Friday, Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

A number of other equities analysts also recently commented on VFC. BNP Paribas reiterated a neutral rating and set a $14.00 price objective (down previously from $18.00) on shares of V.F. in a research report on Friday, April 12th. Wells Fargo & Company lowered their price target on shares of V.F. from $17.00 to $14.00 and set an equal weight rating on the stock in a research report on Wednesday, February 7th. Wedbush cut their price objective on shares of V.F. from $16.50 to $15.50 and set a neutral rating for the company in a research report on Wednesday, February 7th. Williams Trading reaffirmed a sell rating on shares of V.F. in a research note on Thursday, January 25th. Finally, Stifel Nicolaus restated a buy rating and set a $22.00 price target on shares of V.F. in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $17.88.

V.F. Trading Up 2.0 %

Shares of VFC opened at $12.89 on Friday. The firm’s fifty day moving average is $14.47 and its two-hundred day moving average is $16.17. The stock has a market cap of $5.01 billion, a PE ratio of -6.54, a price-to-earnings-growth ratio of 1.41 and a beta of 1.48. The company has a quick ratio of 0.70, a current ratio of 1.23 and a debt-to-equity ratio of 2.25. V.F. has a 52-week low of $11.91 and a 52-week high of $23.53.

V.F. (NYSE:VFC) last announced its quarterly earnings data on Tuesday, February 6th. The textile maker reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.22). V.F. had a negative net margin of 7.07% and a positive return on equity of 19.03%. The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the prior year, the company posted $1.12 EPS. The firm’s revenue was down 16.2% on a year-over-year basis. Research analysts forecast that V.F. will post 1.1 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.36 annualized dividend and a dividend yield of 2.79%. V.F.’s dividend payout ratio is presently -18.27%.

Insider Activity at V.F.

In other V.F. news, Director Juliana L. Chugg purchased 11,301 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was bought at an average price of $17.55 per share, with a total value of $198,332.55. Following the transaction, the director now directly owns 26,301 shares of the company’s stock, valued at approximately $461,582.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Bracken Darrell purchased 65,360 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average price of $15.38 per share, for a total transaction of $1,005,236.80. Following the completion of the purchase, the insider now directly owns 144,281 shares of the company’s stock, valued at $2,219,041.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Juliana L. Chugg purchased 11,301 shares of the stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $17.55 per share, with a total value of $198,332.55. Following the acquisition, the director now directly owns 26,301 shares in the company, valued at $461,582.55. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On V.F.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in V.F. by 1.2% in the third quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock valued at $728,708,000 after buying an additional 475,239 shares in the last quarter. Northern Trust Corp boosted its holdings in V.F. by 1.1% in the third quarter. Northern Trust Corp now owns 23,758,761 shares of the textile maker’s stock valued at $419,817,000 after purchasing an additional 257,992 shares in the last quarter. M&G Investment Management Ltd. increased its stake in V.F. by 19.4% in the fourth quarter. M&G Investment Management Ltd. now owns 12,413,169 shares of the textile maker’s stock valued at $235,850,000 after purchasing an additional 2,016,470 shares during the last quarter. Guinness Asset Management LTD raised its holdings in V.F. by 2.8% during the third quarter. Guinness Asset Management LTD now owns 7,670,947 shares of the textile maker’s stock worth $135,306,000 after purchasing an additional 207,783 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of V.F. by 12.4% during the 4th quarter. Wells Fargo & Company MN now owns 4,281,957 shares of the textile maker’s stock worth $80,501,000 after buying an additional 473,952 shares during the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

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.