V.F. (NYSE:VFC) Price Target Lowered to $13.00 at BMO Capital Markets

V.F. (NYSE:VFC) had its price objective reduced by BMO Capital Markets from $18.00 to $13.00 in a research report report published on Thursday morning, Benzinga reports. They currently have a market perform rating on the textile maker’s stock.

Several other research analysts have also commented on VFC. UBS Group cut their price objective on V.F. from $19.00 to $18.00 and set a neutral rating for the company in a report on Monday, February 5th. Stifel Nicolaus reissued a buy rating and set a $22.00 price objective on shares of V.F. in a report on Tuesday, April 9th. StockNews.com raised V.F. from a sell rating to a hold rating in a report on Thursday, February 8th. Williams Trading reissued a sell rating on shares of V.F. in a report on Thursday, January 25th. Finally, JPMorgan Chase & Co. cut their price objective on V.F. from $16.00 to $12.00 and set a neutral rating for the company in a report on Monday, April 8th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $14.59.

V.F. Stock Down 2.9 %

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

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

V.F. Announces Dividend

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 of this dividend is Monday, June 10th. This represents a $0.36 annualized dividend and a yield of 3.01%. V.F.’s payout ratio is currently -14.40%.

Hedge Funds Weigh In On V.F.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of V.F. by 5.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,495 shares of the textile maker’s stock valued at $216,000 after acquiring an additional 633 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of V.F. by 0.8% during the fourth quarter. Arizona State Retirement System now owns 90,845 shares of the textile maker’s stock valued at $1,708,000 after acquiring an additional 702 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of V.F. by 28.5% during the fourth quarter. Global Retirement Partners LLC now owns 3,225 shares of the textile maker’s stock valued at $61,000 after acquiring an additional 715 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of V.F. by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 153,537 shares of the textile maker’s stock valued at $2,713,000 after acquiring an additional 780 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of V.F. by 3.0% during the third quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker’s stock valued at $486,000 after acquiring an additional 812 shares in the last quarter. 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.