V.F. (NYSE:VFC) PT Lowered to $19.00 at Stifel Nicolaus

V.F. (NYSE:VFC) had its price objective lowered by Stifel Nicolaus from $22.00 to $19.00 in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has a buy rating on the textile maker’s stock.

Other analysts have also issued reports about the stock. Wedbush cut 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. StockNews.com upgraded V.F. from a sell rating to a hold rating in a report on Thursday, February 8th. JPMorgan Chase & Co. decreased their price target on V.F. from $16.00 to $12.00 and set a neutral rating on the stock in a research note on Monday, April 8th. Citigroup dropped their price objective on V.F. from $16.00 to $13.00 and set a neutral rating for the company in a research note on Wednesday, May 15th. Finally, BMO Capital Markets lowered their price target on shares of V.F. from $18.00 to $13.00 and set a market perform rating for the company in a report on Thursday. Two equities research 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, the company presently has an average rating of Hold and a consensus target price of $13.44.

V.F. Trading Up 3.1 %

Shares of VFC stock opened at $12.34 on Thursday. The company has a quick ratio of 0.70, a current ratio of 1.22 and a debt-to-equity ratio of 2.84. The firm has a market cap of $4.80 billion, a P/E ratio of -4.94, a price-to-earnings-growth ratio of 1.47 and a beta of 1.49. The business has a 50-day moving average price of $13.24 and a two-hundred day moving average price of $15.62. V.F. has a 12-month low of $11.00 and a 12-month high of $21.17.

V.F. (NYSE:VFC) last issued its earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.34). The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.42 billion. V.F. had a positive return on equity of 13.14% and a negative net margin of 9.27%. The firm’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 EPS. Equities analysts anticipate that V.F. will post 0.96 EPS for the current fiscal year.

V.F. Announces Dividend

The company also recently announced 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. 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 presently -14.40%.

Hedge Funds Weigh In On V.F.

Hedge funds have recently added to or reduced their stakes in the company. Yousif Capital Management LLC boosted its position in shares of V.F. by 1.5% during the third quarter. Yousif Capital Management LLC now owns 59,071 shares of the textile maker’s stock valued at $1,044,000 after buying an additional 880 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of V.F. by 8.8% during the third quarter. Daiwa Securities Group Inc. now owns 29,244 shares of the textile maker’s stock valued at $517,000 after purchasing an additional 2,362 shares during the last quarter. SteelPeak Wealth LLC bought a new position in V.F. during the third quarter valued at approximately $227,000. Empower Advisory Group LLC boosted its holdings in V.F. by 14.0% in the third quarter. Empower Advisory Group LLC now owns 397,256 shares of the textile maker’s stock worth $7,020,000 after purchasing an additional 48,754 shares during the last quarter. Finally, Ieq Capital LLC bought a new stake in V.F. in the 3rd quarter worth approximately $233,000. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

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.