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

V.F. Co. (NYSE:VFC)’s stock price traded down 3.5% during mid-day trading 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 traded hands during 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 several other research reports. UBS Group cut their price target on V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Wells Fargo & Company lowered their price objective on V.F. from $14.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday. Citigroup lowered their price objective on V.F. from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Thursday. Robert W. Baird lowered their price objective on V.F. from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, TD Cowen lowered their price objective on V.F. from $14.00 to $9.00 and set a “hold” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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 the business. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of V.F. by 5.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,495 shares of the textile maker’s stock worth $216,000 after acquiring an additional 633 shares during the last quarter. Arizona State Retirement System raised its position in V.F. by 0.8% during the 4th quarter. Arizona State Retirement System now owns 90,845 shares of the textile maker’s stock valued at $1,708,000 after purchasing an additional 702 shares in the last quarter. Global Retirement Partners LLC raised its position in V.F. by 28.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,225 shares of the textile maker’s stock valued at $61,000 after purchasing an additional 715 shares in the last quarter. Treasurer of the State of North Carolina raised its position in V.F. by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 153,537 shares of the textile maker’s stock valued at $2,713,000 after purchasing an additional 780 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in V.F. by 3.0% during the 3rd quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker’s stock valued at $486,000 after purchasing an additional 812 shares in the last quarter. 86.84% of the stock is owned by institutional investors.

V.F. Trading Up 3.1 %

The company has a current ratio of 1.22, a quick ratio of 0.70 and a debt-to-equity ratio of 2.84. The stock has a 50-day simple moving average of $13.24 and a two-hundred day simple moving average of $15.62. The firm has a market capitalization of $4.80 billion, a P/E ratio of -4.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49.

V.F. (NYSE:VFC) last issued its earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34). The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.42 billion. V.F. had a negative net margin of 9.27% and a positive return on equity of 13.14%. The company’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same period last year, the firm earned $0.17 earnings per share. On average, equities research analysts anticipate that V.F. Co. will post 1.27 earnings per share for the current year.

V.F. Dividend Announcement

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

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.