The Goldman Sachs Group Trims V.F. (NYSE:VFC) Target Price to $11.00

V.F. (NYSE:VFC) had its price target trimmed by The Goldman Sachs Group from $12.50 to $11.00 in a research report report published on Thursday, Benzinga reports. The firm currently has a neutral rating on the textile maker’s stock.

A number of other research analysts also recently issued reports on VFC. JPMorgan Chase & Co. cut their target price on shares of V.F. from $16.00 to $12.00 and set a neutral rating on the stock in a research report on Monday, April 8th. BMO Capital Markets reduced their price objective on shares of V.F. from $18.00 to $13.00 and set a market perform rating on the stock in a research note on Thursday. StockNews.com upgraded shares of V.F. from a sell rating to a hold rating in a research report on Thursday, February 8th. Stifel Nicolaus restated a buy rating and issued a $22.00 price target on shares of V.F. in a research report on Tuesday, April 9th. Finally, UBS Group dropped 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. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, V.F. presently has an average rating of Hold and an average price target of $13.44.

V.F. Stock Performance

Shares of V.F. stock opened at $12.34 on Thursday. The firm has a 50 day simple moving average of $13.24 and a 200 day simple moving average of $15.62. V.F. has a fifty-two week low of $11.00 and a fifty-two week high of $21.17. 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 firm has a market cap of $4.80 billion, a P/E ratio of -4.94, a P/E/G ratio of 1.43 and a beta of 1.49.

V.F. (NYSE:VFC) last released 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). V.F. had a positive return on equity of 13.14% and a negative net margin of 9.27%. 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 previous year, the firm earned $0.17 EPS. The company’s revenue was down 13.4% compared to the same quarter last year. Sell-side analysts predict that V.F. will post 1.27 earnings per share for the current fiscal year.

V.F. Dividend Announcement

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

Institutional Investors Weigh In On V.F.

A number of hedge funds and other institutional investors have recently bought and sold shares of VFC. Wolff Wiese Magana LLC boosted its position in 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 worth $25,000 after acquiring an additional 1,276 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of V.F. in the fourth quarter worth $25,000. Mather Group LLC. acquired a new position in V.F. during the first quarter worth $27,000. Allworth Financial LP grew its position in V.F. by 111.5% in the fourth 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 in the last quarter. Finally, Future Financial Wealth Managment LLC bought a new position in V.F. in the first quarter valued at $31,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

About V.F.

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.