V.F. (NYSE:VFC) Given New $11.00 Price Target at The Goldman Sachs Group

V.F. (NYSE:VFC) had its price target decreased by The Goldman Sachs Group from $12.50 to $11.00 in a research note published on Thursday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the textile maker’s stock.

A number of other equities analysts have also issued reports on the company. Citigroup lowered their price target on V.F. from $16.00 to $13.00 and set a neutral rating on the stock in a report on Wednesday, May 15th. BNP Paribas restated a neutral rating and issued a $14.00 price objective (down previously from $18.00) on shares of V.F. in a research report on Friday, April 12th. UBS Group reduced their price objective on shares of V.F. from $19.00 to $18.00 and set a neutral rating for the company in a research report on Monday, February 5th. Stifel Nicolaus restated a buy rating and issued a $22.00 price objective on shares of V.F. in a research report on Tuesday, April 9th. Finally, Wells Fargo & Company reduced their price target on shares of V.F. from $14.00 to $11.00 and set an equal weight rating for the company in a research report on Thursday. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $14.59.

V.F. Stock Performance

Shares of VFC stock opened at $11.97 on Thursday. The stock’s 50-day moving average is $13.29 and its two-hundred day moving average is $15.65. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of -4.79, a PEG ratio of 1.43 and a beta of 1.49. V.F. has a 1 year low of $11.00 and a 1 year high of $21.17. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23.

V.F. (NYSE:VFC) last issued its quarterly earnings data on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.34). The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.42 billion. V.F. had a positive return on equity of 12.18% and a negative net margin of 9.27%. The business’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 EPS. Analysts predict that V.F. will post 1.31 earnings per share for the current year.

V.F. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Monday, June 10th will be given a dividend of $0.09 per share. The ex-dividend date is Monday, June 10th. This represents a $0.36 annualized dividend and a dividend yield of 3.01%. V.F.’s dividend payout ratio is currently -14.40%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in V.F. by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock worth $728,708,000 after acquiring an additional 475,239 shares during the period. Northern Trust Corp grew its stake in V.F. by 1.1% in the 3rd quarter. Northern Trust Corp now owns 23,758,761 shares of the textile maker’s stock worth $419,817,000 after acquiring an additional 257,992 shares during the period. M&G Plc purchased a new stake in V.F. in the 1st quarter worth approximately $200,768,000. M&G Investment Management Ltd. grew its stake in V.F. by 19.4% in the 4th quarter. M&G Investment Management Ltd. now owns 12,413,169 shares of the textile maker’s stock worth $235,850,000 after acquiring an additional 2,016,470 shares during the period. Finally, Wells Fargo & Company MN grew its stake in V.F. by 12.4% in the 4th quarter. Wells Fargo & Company MN now owns 4,281,957 shares of the textile maker’s stock worth $80,501,000 after acquiring an additional 473,952 shares during the period. 86.84% of the stock is currently owned by institutional investors and hedge funds.

V.F. Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.