V.F. (NYSE:VFC) Price Target Cut to $9.00

V.F. (NYSE:VFC) had its price objective reduced by TD Cowen from $14.00 to $9.00 in a report released on Thursday, Benzinga reports. They currently have a hold rating on the textile maker’s stock.

Several other research analysts have also recently weighed in on VFC. BNP Paribas restated a neutral rating and issued a $14.00 price target (down previously from $18.00) on shares of V.F. in a research note on Friday, April 12th. BMO Capital Markets decreased their target price on V.F. from $18.00 to $13.00 and set a market perform rating for the company in a research report on Thursday. Telsey Advisory Group reaffirmed a market perform rating and set a $13.00 price target (down previously from $18.00) on shares of V.F. in a report on Thursday. Wells Fargo & Company decreased their price objective on shares of V.F. from $14.00 to $11.00 and set an equal weight rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on shares of V.F. from $16.00 to $12.00 and set a neutral rating on the stock in a report on Monday, April 8th. Two 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 stock. According to 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 NYSE:VFC opened at $12.34 on Thursday. The business has a fifty day moving average price of $13.24 and a 200-day moving average price of $15.62. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.22 and a quick ratio of 0.70. The company has a market capitalization of $4.80 billion, a PE ratio of -4.94, a PEG ratio of 1.47 and a beta of 1.49. V.F. has a 1-year low of $11.00 and a 1-year high of $21.17.

V.F. (NYSE:VFC) last released its quarterly earnings data 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). V.F. had a negative net margin of 9.27% and a positive return on equity of 13.14%. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the business posted $0.17 earnings per share. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. As a group, equities analysts expect that V.F. will post 0.96 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. Stockholders of record on Monday, June 10th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Monday, June 10th. V.F.’s dividend payout ratio (DPR) is currently -14.40%.

Institutional Inflows and Outflows

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

About V.F.

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.