VF (NYSE:VFC) Given New $19.00 Price Target at TD Cowen

VF (NYSE:VFC) had its price target hoisted by TD Cowen from $16.00 to $19.00 in a research report report published on Tuesday, Benzinga reports. TD Cowen currently has a hold rating on the textile maker’s stock.

VFC has been the topic of several other research reports. The Goldman Sachs Group started coverage on VF in a report on Friday, October 11th. They issued a “neutral” rating and a $20.00 target price on the stock. Argus raised shares of VF to a “hold” rating in a research note on Wednesday, August 28th. Wells Fargo & Company cut shares of VF from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $16.00 to $15.00 in a research report on Monday, October 14th. Citigroup increased their price target on shares of VF from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, UBS Group lifted their price objective on VF from $12.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.18.

VF Stock Performance

NYSE:VFC opened at $21.62 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84. VF has a fifty-two week low of $11.00 and a fifty-two week high of $21.93. The firm’s fifty day simple moving average is $18.62 and its 200-day simple moving average is $15.64. The stock has a market cap of $8.41 billion, a PE ratio of -7.16, a price-to-earnings-growth ratio of 3.27 and a beta of 1.53.

VF (NYSE:VFC) last issued its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.72 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the company posted $0.63 earnings per share. Analysts expect that VF will post 0.6 earnings per share for the current fiscal year.

VF Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.67%. VF’s payout ratio is -11.92%.

Insider Activity at VF

In other news, Director Richard Carucci purchased 15,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was bought at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the purchase, the director now directly owns 230,178 shares of the company’s stock, valued at $3,843,972.60. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by insiders.

Institutional Trading of VF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. M&G Plc increased 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 worth $206,212,000 after acquiring an additional 1,344,849 shares in the last quarter. Pacer Advisors Inc. increased its holdings in VF by 28.0% in the 2nd quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock valued at $159,609,000 after purchasing an additional 2,589,852 shares in the last quarter. Dimensional Fund Advisors LP raised its position in 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 purchasing an additional 113,128 shares during the period. Deprince Race & Zollo Inc. lifted its stake in shares of VF by 28.3% during the second 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 in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of VF by 23.6% in the second quarter. Bank of New York Mellon Corp now owns 2,481,600 shares of the textile maker’s stock worth $33,502,000 after buying an additional 473,373 shares during the period. Institutional investors and hedge funds own 86.84% of the company’s stock.

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.