VF (NYSE:VFC) Price Target Raised to $20.00 at Robert W. Baird

VF (NYSE:VFC) had its price target upped by Robert W. Baird from $17.00 to $20.00 in a research note issued to investors on Tuesday, Benzinga reports. Robert W. Baird currently has a neutral rating on the textile maker’s stock.

A number of other analysts have also recently commented on the company. Telsey Advisory Group reissued a “market perform” rating and issued a $19.00 price target on shares of VF in a research report on Wednesday, October 23rd. Jefferies Financial Group assumed coverage on VF in a report on Friday, September 27th. They set a “hold” rating and a $20.00 price target for the company. Evercore ISI upped their price target on shares of VF from $14.00 to $16.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group started coverage on shares of VF in a report on Friday, October 11th. They issued a “neutral” rating and a $20.00 target price for the company. Finally, Argus raised shares of VF to a “hold” rating in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.18.

VF Price Performance

VFC opened at $21.62 on Tuesday. 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 company 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. The stock has a fifty day simple moving average of $18.62 and a two-hundred day simple moving average of $15.64. VF has a 12-month low of $11.00 and a 12-month high of $21.93.

VF (NYSE:VFC) last issued its quarterly 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. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period last year, the company posted $0.63 EPS. VF’s revenue was down 5.6% on a year-over-year basis. Research analysts predict that VF will post 0.6 earnings per share for the current fiscal year.

VF Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th will be paid 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 is presently -11.92%.

Insider Transactions at VF

In related news, Director Richard Carucci bought 15,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were bought at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the transaction, the director now owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On VF

Hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in shares of VF by 328.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock valued at $21,922,000 after buying an additional 1,244,448 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in VF by 90.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock valued at $2,737,000 after acquiring an additional 96,442 shares during the period. Murphy Pohlad Asset Management LLC bought a new stake in VF during the second quarter valued at about $1,668,000. Smith Thornton Advisors LLC bought a new position in shares of VF in the second quarter worth about $436,000. Finally, Scientech Research LLC grew its position in shares of VF by 220.1% during the second quarter. Scientech Research LLC now owns 93,861 shares of the textile maker’s stock worth $1,267,000 after purchasing an additional 64,541 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors.

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.