VF (NYSE:VFC) Price Target Raised to $17.00

VF (NYSE:VFC) had its target price upped by JPMorgan Chase & Co. from $16.00 to $17.00 in a report released on Tuesday morning, Benzinga reports. The firm currently has a neutral rating on the textile maker’s stock.

Other analysts have also recently issued research reports about the company. StockNews.com upgraded VF from a “sell” rating to a “hold” rating in a report on Saturday, October 26th. Wells Fargo & Company cut VF from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $16.00 to $15.00 in a report on Monday, October 14th. Stifel Nicolaus raised their price target on VF from $21.00 to $25.00 and gave the company a “buy” rating in a report on Monday, October 14th. Wedbush reiterated a “neutral” rating and issued a $13.00 price target on shares of VF in a report on Monday, August 5th. Finally, Telsey Advisory Group raised their price target on VF from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.19.

VF Stock Performance

VF stock opened at $20.71 on Tuesday. 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 stock has a fifty day moving average price of $18.81 and a two-hundred day moving average price of $15.73. VF has a 52-week low of $11.00 and a 52-week high of $23.09. The firm has a market capitalization of $8.06 billion, a P/E ratio of -11.97, a P/E/G ratio of 3.27 and a beta of 1.53.

VF (NYSE:VFC) last announced its earnings results on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, topping the consensus estimate of $0.41 by $0.19. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.72 billion. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 earnings per share. As a group, analysts anticipate that VF will post 0.6 EPS for the current fiscal year.

VF Dividend Announcement

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 given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Tuesday, December 10th. VF’s dividend payout ratio is currently -20.81%.

Insider Transactions at VF

In other VF news, Director Richard Carucci purchased 15,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were bought at an average price 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 $3,843,972.60. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On VF

A number of hedge funds have recently modified their holdings of the business. M&G Plc raised its position in shares of VF by 10.0% during the second quarter. M&G Plc now owns 14,729,396 shares of the textile maker’s stock worth $206,212,000 after purchasing an additional 1,344,849 shares during the period. Pacer Advisors Inc. lifted its stake 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 acquiring an additional 2,589,852 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in VF by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,125,417 shares of the textile maker’s stock worth $55,694,000 after acquiring an additional 113,128 shares during the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of 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 acquiring an additional 673,979 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position 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 buying an additional 473,373 shares in the last quarter. 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.