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

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

Other analysts have also issued reports about the stock. The Goldman Sachs Group dropped their target price on shares of VF from $12.50 to $11.00 and set a neutral rating for the company in a report on Thursday, May 23rd. Stifel Nicolaus cut their price objective on VF from $22.00 to $19.00 and set a buy rating on the stock in a research report on Thursday, May 23rd. UBS Group boosted their target price on VF from $12.00 to $17.00 and gave the company a neutral rating in a research note on Friday, August 16th. Telsey Advisory Group lifted their price target on shares of VF from $15.00 to $19.00 and gave the company a market perform rating in a report on Wednesday, August 7th. Finally, Barclays upped their price objective on shares of VF from $12.00 to $16.00 and gave the stock an equal weight rating in a report on Thursday, July 18th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued 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 $15.81.

VF Trading Down 2.7 %

Shares of VFC stock opened at $18.20 on Monday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.99 and a quick ratio of 0.51. The business has a 50-day moving average of $16.71 and a 200 day moving average of $14.68. The stock has a market capitalization of $7.08 billion, a PE ratio of -7.28, a P/E/G ratio of 1.94 and a beta of 1.53. VF has a 1-year low of $11.00 and a 1-year high of $20.69.

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

VF Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Tuesday, September 10th. VF’s dividend payout ratio is presently -14.40%.

Insider Buying and Selling

In other news, Director Richard Carucci bought 15,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was acquired at an average cost of $16.70 per share, with a total value of $250,500.00. Following the completion of the acquisition, the director now owns 230,178 shares of the company’s stock, valued at $3,843,972.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Institutional Trading of VF

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC boosted its holdings in shares of VF by 1,754.4% during the 4th quarter. International Assets Investment Management LLC now owns 29,393 shares of the textile maker’s stock valued at $553,000 after acquiring an additional 27,808 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in VF by 16.6% in the fourth quarter. Natixis Advisors L.P. now owns 19,165 shares of the textile maker’s stock worth $360,000 after purchasing an additional 2,732 shares during the last quarter. Dimensional Fund Advisors LP grew its position in VF by 22.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,241,702 shares of the textile maker’s stock worth $60,951,000 after purchasing an additional 590,434 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in VF by 24.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 24,920 shares of the textile maker’s stock valued at $469,000 after buying an additional 4,865 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in shares of VF by 11.6% during the 4th quarter. Panagora Asset Management Inc. now owns 30,134 shares of the textile maker’s stock valued at $567,000 after buying an additional 3,140 shares during the period. Institutional investors own 86.84% of the company’s stock.

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.