V.F. (NYSE:VFC) Price Target Cut to $13.00

V.F. (NYSE:VFC) had its price target reduced by Robert W. Baird from $16.00 to $13.00 in a research note published on Thursday, Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

A number of other equities analysts have also recently issued reports on VFC. Bank of America cut their price target on V.F. from $13.00 to $11.00 and set an underperform rating on the stock in a report on Thursday. BMO Capital Markets cut their price target on V.F. from $18.00 to $13.00 and set a market perform rating on the stock in a report on Thursday. TD Cowen cut their target price on V.F. from $14.00 to $9.00 and set a hold rating on the stock in a report on Thursday. BNP Paribas reiterated a neutral rating and issued a $14.00 target price (down from $18.00) on shares of V.F. in a report on Friday, April 12th. Finally, Wedbush cut their target price on V.F. from $15.50 to $13.00 and set a neutral rating on the stock in a report on Tuesday, May 21st. Two analysts have rated the stock with a sell rating, fourteen have given 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 an average target price of $13.44.

V.F. Price Performance

Shares of VFC opened at $12.34 on Thursday. The firm has a market cap of $4.80 billion, a PE ratio of -4.94, a price-to-earnings-growth ratio of 1.47 and a beta of 1.49. V.F. has a 52-week low of $11.00 and a 52-week high of $21.17. The business’s 50 day moving average price is $13.24 and its two-hundred day moving average price is $15.62. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.70 and a current ratio of 1.22.

V.F. (NYSE:VFC) last posted its quarterly earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34). The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.42 billion. V.F. had a positive return on equity of 13.14% and a negative net margin of 9.27%. V.F.’s quarterly revenue was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 earnings per share. On average, equities analysts anticipate that V.F. will post 0.96 EPS for the current year.

V.F. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Monday, June 10th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Monday, June 10th. V.F.’s payout ratio is currently -14.40%.

Institutional Investors Weigh In On V.F.

Large investors have recently made changes to their positions in the business. Wolff Wiese Magana LLC increased its position in shares of V.F. by 2,835.6% during the 4th quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 1,276 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of V.F. during the 4th quarter valued at $25,000. Mather Group LLC. purchased a new stake in shares of V.F. during the 1st quarter valued at $27,000. Future Financial Wealth Managment LLC purchased a new stake in shares of V.F. during the 1st quarter valued at $31,000. Finally, Allworth Financial LP increased its position in shares of V.F. by 111.5% during the 4th quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 958 shares during the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

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 accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.