VF (NYSE:VFC) Price Target Raised to $19.00

VF (NYSE:VFC) had its target price lifted by TD Cowen from $16.00 to $19.00 in a research note released on Tuesday morning, Benzinga reports. The firm currently has a hold rating on the textile maker’s stock.

Several other research analysts have also recently weighed in on the stock. Wells Fargo & Company cut shares of VF from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $16.00 to $15.00 in a research report on Monday, October 14th. Citigroup increased their price target on shares of VF from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday. BMO Capital Markets increased their price target on shares of VF from $13.00 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. StockNews.com upgraded shares of VF from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Finally, Robert W. Baird increased their price target on shares of VF from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, VF has a consensus rating of “Hold” and an average target price of $18.19.

VF Trading Up 1.7 %

Shares of VFC opened at $21.06 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 1.30 and a debt-to-equity ratio of 2.86. The business’s 50-day moving average price is $18.89 and its 200-day moving average price is $15.79. The stock has a market cap of $8.20 billion, a PE ratio of -12.17, a P/E/G ratio of 8.83 and a beta of 1.53. VF has a twelve month low of $11.00 and a twelve month high of $23.09.

VF (NYSE:VFC) last posted its quarterly earnings data on Monday, October 28th. The textile maker reported $0.60 earnings per share 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 negative net margin of 6.68% and a positive return on equity of 12.53%. VF’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 earnings per share. On average, equities analysts forecast that VF will post 0.5 EPS for the current fiscal year.

VF Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, December 10th. VF’s payout ratio is -20.81%.

Insider Buying and Selling at VF

In other news, Director Richard Carucci acquired 15,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was acquired 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 owns 230,178 shares of the company’s stock, valued at $3,843,972.60. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On VF

Several institutional investors and hedge funds have recently added to or reduced their stakes in VFC. Norden Group LLC purchased a new position in VF during the first quarter valued at $268,000. Legacy Wealth Asset Management LLC increased its holdings in shares of VF by 5.4% during the first quarter. Legacy Wealth Asset Management LLC now owns 55,729 shares of the textile maker’s stock valued at $855,000 after acquiring an additional 2,880 shares in the last quarter. Insight Folios Inc raised its position in shares of VF by 26.2% in the 1st quarter. Insight Folios Inc now owns 14,988 shares of the textile maker’s stock worth $230,000 after purchasing an additional 3,107 shares during the last quarter. Maryland State Retirement & Pension System raised its position in shares of VF by 434.5% in the 1st quarter. Maryland State Retirement & Pension System now owns 143,831 shares of the textile maker’s stock worth $2,206,000 after purchasing an additional 116,923 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of VF by 1.5% in the 1st quarter. Principal Financial Group Inc. now owns 379,427 shares of the textile maker’s stock worth $5,820,000 after purchasing an additional 5,586 shares during the last quarter. Hedge funds and other institutional investors 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.