VF (NYSE:VFC) Given New $25.00 Price Target at Barclays

VF (NYSE:VFC) had its price target boosted by Barclays from $22.00 to $25.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the textile maker’s stock.

Other research analysts also recently issued reports about the stock. Citigroup upgraded shares of VF from a “neutral” rating to a “buy” rating and upped their target price for the company from $11.00 to $20.00 in a research note on Thursday, July 18th. Evercore ISI upped their price objective on shares of VF from $14.00 to $16.00 and gave the company an “in-line” rating in a research report on Wednesday, August 7th. Argus upgraded VF to a “hold” rating in a research note on Wednesday, August 28th. StockNews.com raised VF from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Telsey Advisory Group raised their price objective on VF from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, VF presently has a consensus rating of “Hold” and a consensus target price of $18.18.

VF Stock Up 27.0 %

Shares of VF stock opened at $21.62 on Tuesday. The company has a fifty day moving average price of $18.62 and a 200 day moving average price of $15.64. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84. VF has a twelve month low of $11.00 and a twelve month high of $21.93. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of -7.16, a price-to-earnings-growth ratio of 3.27 and a beta of 1.53.

VF (NYSE:VFC) last posted 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 business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.72 billion. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 earnings per share. Equities research analysts forecast that VF will post 0.6 earnings per share for the current fiscal year.

VF Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 1.67%. VF’s dividend payout ratio (DPR) is presently -11.92%.

Insider Transactions at VF

In related news, Director Richard Carucci acquired 15,000 shares of VF stock in a transaction that occurred on Thursday, August 22nd. The stock was acquired at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the transaction, the director now directly owns 230,178 shares of the company’s stock, valued at $3,843,972.60. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of VF in the third quarter valued at approximately $40,000. Bank & Trust Co bought a new position in VF in the 2nd quarter worth approximately $35,000. Versant Capital Management Inc increased its position in VF by 6,981.1% in the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 2,583 shares during the period. EverSource Wealth Advisors LLC raised its stake in VF by 50.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 895 shares in the last quarter. Finally, Heritage Wealth Advisors boosted its position in VF by 527.6% during the 1st quarter. Heritage Wealth Advisors now owns 2,755 shares of the textile maker’s stock worth $42,000 after acquiring an additional 2,316 shares during the period. 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.