VF (NYSE:VFC) Price Target Raised to $25.00

VF (NYSE:VFC) had its price target hoisted by Barclays from $22.00 to $25.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the textile maker’s stock.

Several other equities analysts also recently commented on VFC. Citigroup raised shares of VF from a “neutral” rating to a “buy” rating and increased their target price for the stock from $11.00 to $20.00 in a research report on Thursday, July 18th. Wedbush reissued a “neutral” rating and set a $13.00 target price on shares of VF in a research report on Monday, August 5th. The Goldman Sachs Group began coverage on VF in a research report on Friday, October 11th. They issued a “neutral” rating and a $20.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on VF from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Finally, BMO Capital Markets increased their target price on shares of VF from $13.00 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.19.

VF Stock Up 1.7 %

NYSE VFC opened at $21.06 on Tuesday. VF has a 1-year low of $11.00 and a 1-year high of $23.09. The company has a quick ratio of 0.51, a current ratio of 1.30 and a debt-to-equity ratio of 2.86. The firm’s fifty day simple moving average is $18.89 and its 200-day simple moving average is $15.79.

VF (NYSE:VFC) last posted its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.19. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the business posted $0.63 earnings per share. VF’s revenue for the quarter was down 5.6% compared to the same quarter last year. Analysts expect that VF will post 0.48 earnings per share for the current fiscal year.

VF Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Tuesday, December 10th. VF’s dividend payout ratio is presently -20.81%.

Insider Transactions at VF

In other news, Director Richard Carucci purchased 15,000 shares of VF stock in a transaction dated Thursday, August 22nd. The shares were bought at an average cost of $16.70 per share, with a total value of $250,500.00. Following the completion of the transaction, the director now directly owns 230,178 shares in the company, valued at $3,843,972.60. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On VF

A number of hedge funds and other institutional investors have recently made changes to their positions in VFC. M&G Plc bought a new stake in VF in the 1st quarter valued at $200,768,000. Pacer Advisors Inc. lifted its position in 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 buying an additional 2,589,852 shares in the last quarter. Capital World Investors bought a new stake in VF during the 1st quarter worth about $30,527,000. Principal Financial Group Inc. lifted its position in VF by 328.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock worth $21,922,000 after buying an additional 1,244,448 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in VF by 1,365.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 727,148 shares of the textile maker’s stock worth $9,816,000 after buying an additional 677,519 shares in the last quarter. 86.84% of the stock is owned by institutional investors.

VF 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.