VF (NYSE:VFC) Price Target Raised to $25.00

VF (NYSE:VFC) had its target price upped by Stifel Nicolaus from $21.00 to $25.00 in a research note issued to investors on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the textile maker’s stock.

Several other equities research analysts also recently issued reports on VFC. Jefferies Financial Group assumed coverage on VF in a report on Friday, September 27th. They issued a hold rating and a $20.00 price target for the company. Argus upgraded VF to a hold rating in a report on Wednesday, August 28th. StockNews.com upgraded VF from a sell rating to a hold rating in a report on Thursday, August 8th. Citigroup upgraded VF from a neutral rating to a buy rating and increased their price target for the stock from $11.00 to $20.00 in a report on Thursday, July 18th. Finally, Telsey Advisory Group increased their price objective on VF from $15.00 to $19.00 and gave the stock a market perform rating in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, VF has an average rating of Hold and an average target price of $17.24.

VF Trading Down 4.8 %

NYSE:VFC opened at $19.35 on Monday. VF has a 1-year low of $11.00 and a 1-year high of $21.40. The business’s 50-day moving average price is $18.32 and its two-hundred day moving average price is $15.29. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of -6.41, a PEG ratio of 2.27 and a beta of 1.53.

VF (NYSE:VFC) last released its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.04. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. The company’s quarterly revenue was down 8.9% on a year-over-year basis. On average, equities analysts expect that VF will post 0.73 earnings per share for the current year.

VF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.36 annualized dividend and a yield of 1.86%. VF’s dividend payout ratio (DPR) is presently -11.92%.

Insider Activity

In other VF news, Director Richard Carucci acquired 15,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was bought at an average cost of $16.70 per share, with a total value of $250,500.00. Following the completion of the transaction, the director now directly owns 230,178 shares in the company, valued at approximately $3,843,972.60. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Institutional Trading of VF

A number of hedge funds have recently made changes to their positions in the business. M&G Plc lifted its position in shares of VF by 10.0% in the second quarter. M&G Plc now owns 14,729,396 shares of the textile maker’s stock valued at $206,212,000 after buying an additional 1,344,849 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of VF by 28.0% in the second quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock valued at $159,609,000 after buying an additional 2,589,852 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of VF by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,125,417 shares of the textile maker’s stock valued at $55,694,000 after buying an additional 113,128 shares during the last quarter. Deprince Race & Zollo Inc. lifted its holdings in VF by 28.3% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 3,057,884 shares of the textile maker’s stock worth $41,281,000 after purchasing an additional 673,979 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in VF by 23.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,481,600 shares of the textile maker’s stock worth $33,502,000 after purchasing an additional 473,373 shares during the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

About VF

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.