V.F. (NYSE:VFC) Price Target Lowered to $13.00 at Wedbush

V.F. (NYSE:VFC) had its price objective trimmed by Wedbush from $15.50 to $13.00 in a research note released on Tuesday, Benzinga reports. The firm currently has a neutral rating on the textile maker’s stock. Wedbush also issued estimates for V.F.’s Q4 2024 earnings at ($0.08) EPS, FY2024 earnings at $0.98 EPS, Q1 2025 earnings at ($0.23) EPS, Q2 2025 earnings at $0.69 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.65 EPS, Q4 2025 earnings at $0.04 EPS, FY2025 earnings at $1.15 EPS and FY2026 earnings at $1.46 EPS.

VFC has been the subject of a number of other reports. UBS Group lowered their target price on V.F. from $19.00 to $18.00 and set a neutral rating for the company in a research report on Monday, February 5th. JPMorgan Chase & Co. lowered their target price on V.F. from $16.00 to $12.00 and set a neutral rating for the company in a research report on Monday, April 8th. Stifel Nicolaus reaffirmed a buy rating and set a $22.00 price objective on shares of V.F. in a research note on Tuesday, April 9th. Citigroup dropped their price objective on shares of V.F. from $16.00 to $13.00 and set a neutral rating for the company in a research note on Wednesday, May 15th. Finally, The Goldman Sachs Group dropped their price objective on shares of V.F. from $14.00 to $12.50 and set a neutral rating for the company in a research note on Friday, April 26th. 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. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $13.44.

V.F. Price Performance

VFC stock opened at $12.34 on Tuesday. V.F. has a 1-year low of $11.00 and a 1-year high of $21.17. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.70 and a current ratio of 1.22. The business has a 50 day simple moving average of $13.24 and a two-hundred day simple moving average of $15.62.

V.F. (NYSE:VFC) last posted its quarterly earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.34). The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.42 billion. V.F. had a positive return on equity of 13.14% 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 company earned $0.17 earnings per share. As a group, equities analysts anticipate that V.F. will post 1.27 earnings per share for the current fiscal year.

V.F. Announces Dividend

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

Institutional Investors Weigh In On V.F.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of V.F. by 1.2% during the third quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock worth $728,708,000 after acquiring an additional 475,239 shares during the last quarter. Northern Trust Corp grew its stake in shares of V.F. by 1.1% during the third quarter. Northern Trust Corp now owns 23,758,761 shares of the textile maker’s stock worth $419,817,000 after acquiring an additional 257,992 shares during the last quarter. M&G Plc purchased a new stake in shares of V.F. during the first quarter worth about $200,768,000. M&G Investment Management Ltd. grew its stake in shares of V.F. by 19.4% during the fourth 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, Guinness Asset Management LTD grew its stake in shares of 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 acquiring an additional 207,783 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

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.