VF (NYSE:VFC) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of VF (NYSE:VFC) in a research report released on Friday, Marketbeat Ratings reports. The firm issued a neutral rating and a $20.00 target price on the textile maker’s stock.

Several other equities research analysts also recently issued reports on the company. 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 target on the stock. Argus upgraded shares of VF to a hold rating in a research note on Wednesday, August 28th. Robert W. Baird raised their price target on shares of VF from $13.00 to $17.00 and gave the stock a neutral rating in a research note on Wednesday, August 7th. Barclays upgraded shares of VF from an equal weight rating to an overweight rating and raised their price target for the stock from $19.00 to $22.00 in a research note on Wednesday, September 18th. Finally, Wedbush restated a neutral rating and set a $13.00 price target on shares of VF in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $17.24.

VF Stock Performance

Shares of VF stock opened at $19.35 on Friday. The firm has a market cap of $7.53 billion, a PE ratio of -6.41, a price-to-earnings-growth ratio of 2.27 and a beta of 1.53. The firm’s 50-day simple moving average is $18.32 and its 200-day simple moving average is $15.29. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. VF has a 1 year low of $11.00 and a 1 year high of $21.40.

VF (NYSE:VFC) last posted its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.04. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the firm earned ($0.15) EPS. VF’s quarterly revenue was down 8.9% on a year-over-year basis. Equities analysts forecast that VF will post 0.73 earnings per share for the current fiscal year.

VF Announces Dividend

The firm also recently announced 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. This represents a $0.36 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Tuesday, September 10th. VF’s payout ratio is currently -11.92%.

Insider Transactions at VF

In related news, Director Richard Carucci bought 15,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were bought at an average cost 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On VF

A number of institutional investors have recently added to or reduced their stakes in VFC. Mather Group LLC. bought a new stake in shares of VF during the 1st quarter valued at $27,000. Future Financial Wealth Managment LLC bought a new stake in shares of VF during the 1st quarter valued at $31,000. Northwest Investment Counselors LLC bought a new stake in shares of VF during the 1st quarter valued at $39,000. Bank & Trust Co bought a new stake in shares of VF during the 2nd quarter valued at $35,000. Finally, Versant Capital Management Inc raised its position in shares of VF by 6,981.1% during 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 last quarter. 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.