VF (NYSE:VFC) Downgraded by StockNews.com

StockNews.com lowered shares of VF (NYSE:VFC) from a hold rating to a sell rating in a research note released on Friday.

Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on VF from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Jefferies Financial Group initiated coverage on VF in a research report on Friday, September 27th. They issued a “hold” rating and a $20.00 price objective for the company. Wells Fargo & Company lowered shares of VF from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $16.00 to $15.00 in a research report on Monday, October 14th. Argus raised shares of VF to a “hold” rating in a report on Wednesday, August 28th. Finally, Robert W. Baird boosted their price objective on shares of VF from $13.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.24.

VF Stock Performance

Shares of NYSE VFC opened at $19.60 on Friday. VF has a one year low of $11.00 and a one year high of $21.40. The business’s 50-day moving average price is $18.50 and its two-hundred day moving average price is $15.42. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.99 and a quick ratio of 0.51. The company has a market capitalization of $7.63 billion, a P/E ratio of -6.49, a price-to-earnings-growth ratio of 2.19 and a beta of 1.53.

VF (NYSE:VFC) last issued its quarterly earnings data 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. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.85 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.15) earnings per share. Analysts anticipate that VF will post 0.73 earnings per share for the current fiscal year.

VF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.09 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.36 annualized dividend and a yield of 1.84%. VF’s dividend payout ratio is currently -11.92%.

Insider Buying and Selling at VF

In other news, Director Richard Carucci bought 15,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were acquired at an average price of $16.70 per share, with a total value of $250,500.00. Following the acquisition, the director now owns 230,178 shares in the company, valued at $3,843,972.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On VF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. bought a new position in shares of VF in the first quarter valued at approximately $27,000. Future Financial Wealth Managment LLC bought a new position in VF in the 1st quarter valued at $31,000. Northwest Investment Counselors LLC acquired a new position in VF in the first quarter worth $39,000. Bank & Trust Co bought a new stake in shares of VF during the second quarter worth $35,000. Finally, Versant Capital Management Inc increased its stake in shares of VF by 6,981.1% in the second quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock valued at $35,000 after buying an additional 2,583 shares in the last quarter. 86.84% of the stock is currently 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.