V.F. (NYSE:VFC) Price Target Lowered to $11.00 at Wells Fargo & Company

V.F. (NYSE:VFC) had its price objective cut by Wells Fargo & Company from $14.00 to $11.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have an equal weight rating on the textile maker’s stock.

Several other equities analysts also recently issued reports on the stock. Citigroup cut their price objective on shares of V.F. from $16.00 to $13.00 and set a neutral rating on the stock in a report on Wednesday, May 15th. Wedbush cut their price objective on shares of V.F. from $15.50 to $13.00 and set a neutral rating on the stock in a report on Tuesday. Stifel Nicolaus restated a buy rating and set a $22.00 price objective on shares of V.F. in a report on Tuesday, April 9th. The Goldman Sachs Group cut their price objective on shares of V.F. from $14.00 to $12.50 and set a neutral rating on the stock in a report on Friday, April 26th. Finally, Telsey Advisory Group restated a market perform rating and set a $13.00 price objective (down previously from $18.00) on shares of V.F. in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $14.59.

V.F. Stock Performance

Shares of V.F. stock opened at $11.97 on Thursday. The company has a market capitalization of $4.65 billion, a PE ratio of -4.79, a P/E/G ratio of 1.43 and a beta of 1.49. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23. The company has a 50-day simple moving average of $13.29 and a two-hundred day simple moving average of $15.65. V.F. has a one year low of $11.00 and a one year high of $21.17.

V.F. (NYSE:VFC) last announced its earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34). The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $0.17 earnings per share. Research analysts expect that V.F. will post 1.31 EPS for the current fiscal year.

V.F. Dividend Announcement

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

Institutional Investors Weigh In On V.F.

Several hedge funds have recently bought and sold shares of VFC. Yousif Capital Management LLC boosted its position in V.F. by 1.5% in the 3rd quarter. Yousif Capital Management LLC now owns 59,071 shares of the textile maker’s stock worth $1,044,000 after purchasing an additional 880 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of V.F. by 8.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 29,244 shares of the textile maker’s stock valued at $517,000 after buying an additional 2,362 shares in the last quarter. SteelPeak Wealth LLC purchased a new position in shares of V.F. during the 3rd quarter valued at approximately $227,000. Empower Advisory Group LLC lifted its position in shares of V.F. by 14.0% during the 3rd quarter. Empower Advisory Group LLC now owns 397,256 shares of the textile maker’s stock valued at $7,020,000 after buying an additional 48,754 shares in the last quarter. Finally, Ieq Capital LLC purchased a new position in shares of V.F. during the 3rd quarter valued at approximately $233,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

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.