V.F. (NYSE:VFC) PT Lowered to $13.00

V.F. (NYSE:VFC) had its price objective trimmed by BMO Capital Markets from $18.00 to $13.00 in a research note released on Thursday morning, Benzinga reports. The brokerage currently has a market perform rating on the textile maker’s stock.

A number of other analysts have also recently weighed in on VFC. StockNews.com upgraded V.F. from a sell rating to a hold rating in a research report on Thursday, February 8th. The Goldman Sachs Group dropped their target price on V.F. from $14.00 to $12.50 and set a neutral rating on the stock in a research report on Friday, April 26th. JPMorgan Chase & Co. reduced their price target on shares of V.F. from $16.00 to $12.00 and set a neutral rating for the company in a report on Monday, April 8th. Wedbush lowered their price target on shares of V.F. from $15.50 to $13.00 and set a neutral rating for the company in a research report on Tuesday, May 21st. Finally, Wells Fargo & Company cut their price target on V.F. from $14.00 to $11.00 and set an equal weight rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $13.44.

V.F. Stock Performance

V.F. stock opened at $12.34 on Thursday. The company has a market cap of $4.80 billion, a PE ratio of -4.94, a P/E/G ratio of 1.47 and a beta of 1.49. V.F. has a 12 month low of $11.00 and a 12 month high of $21.17. The company has a fifty day moving average price of $13.24 and a two-hundred 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.

V.F. (NYSE:VFC) last posted its quarterly earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) EPS for the quarter, missing the consensus estimate 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 business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the firm posted $0.17 earnings per share. The company’s quarterly revenue was down 13.4% on a year-over-year basis. Research analysts expect that V.F. will post 0.96 earnings per share 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. The ex-dividend date is Monday, June 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.92%. V.F.’s dividend payout ratio (DPR) is -14.40%.

Institutional Trading of V.F.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of V.F. by 5.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,495 shares of the textile maker’s stock valued at $216,000 after acquiring an additional 633 shares during the period. Arizona State Retirement System lifted its holdings in shares of V.F. by 0.8% during the 4th quarter. Arizona State Retirement System now owns 90,845 shares of the textile maker’s stock valued at $1,708,000 after buying an additional 702 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of V.F. by 28.5% in the 4th quarter. Global Retirement Partners LLC now owns 3,225 shares of the textile maker’s stock valued at $61,000 after buying an additional 715 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of V.F. by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 153,537 shares of the textile maker’s stock valued at $2,713,000 after buying an additional 780 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in V.F. by 3.0% in the third quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker’s stock worth $486,000 after buying an additional 812 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

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.