VF (NYSE:VFC) Price Target Lowered to $16.00 at JPMorgan Chase & Co.

VF (NYSE:VFC) had its target price cut by JPMorgan Chase & Co. from $17.00 to $16.00 in a research report report published on Monday, Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

A number of other equities analysts have also issued reports on VFC. Wedbush reiterated a neutral rating and issued a $13.00 target price on shares of VF in a research report on Monday, August 5th. UBS Group raised their price objective on shares of VF from $12.00 to $17.00 and gave the company a neutral rating in a research note on Friday, August 16th. Barclays upped their target price on VF from $12.00 to $16.00 and gave the stock an equal weight rating in a research report on Thursday, July 18th. Bank of America lowered their price target on VF from $13.00 to $11.00 and set an underperform rating on the stock in a research report on Thursday, May 23rd. Finally, Telsey Advisory Group upped their price objective on VF from $15.00 to $19.00 and gave the company a market perform rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $16.19.

VF Stock Performance

VFC opened at $19.11 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84. The business’s 50 day moving average is $16.95 and its 200-day moving average is $14.73. The stock has a market cap of $7.44 billion, a PE ratio of -7.64, a price-to-earnings-growth ratio of 2.05 and a beta of 1.53. VF has a twelve month low of $11.00 and a twelve month high of $20.69.

VF (NYSE:VFC) last announced its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.04. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the business earned ($0.15) EPS. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, analysts predict that VF will post 0.73 earnings per share for the current year.

VF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.09 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.88%. VF’s dividend payout ratio is currently -14.40%.

Insider Activity at VF

In other news, Director Richard Carucci acquired 15,000 shares of the stock in a transaction on Thursday, August 22nd. The shares were purchased at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the transaction, the director now owns 230,178 shares in the company, valued at approximately $3,843,972.60. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by insiders.

Hedge Funds Weigh In On VF

Several institutional investors and hedge funds have recently bought and sold shares of the business. M&G Plc acquired a new position in shares of VF in the first quarter worth $200,768,000. Norges Bank acquired a new position in VF in the 4th quarter worth about $76,059,000. Pacer Advisors Inc. raised its stake in shares of VF by 28.0% during the 2nd quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock worth $159,609,000 after purchasing an additional 2,589,852 shares in the last quarter. Capital World Investors acquired a new stake in shares of VF during the 1st quarter valued at about $30,527,000. Finally, Principal Financial Group Inc. grew its stake in shares of VF by 328.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock valued at $21,922,000 after buying an additional 1,244,448 shares in the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

About VF

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.