VF (NYSE:VFC) Given New $25.00 Price Target at Stifel Nicolaus

VF (NYSE:VFC) had its target price increased by Stifel Nicolaus from $21.00 to $25.00 in a report published on Monday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the textile maker’s stock.

Several other equities research analysts have also issued reports on VFC. JPMorgan Chase & Co. reduced their price target on VF from $17.00 to $16.00 and set a neutral rating for the company in a report on Monday, September 16th. BMO Capital Markets boosted their target price on VF from $13.00 to $14.00 and gave the stock a market perform rating in a report on Wednesday, August 7th. Robert W. Baird boosted their target price on VF from $13.00 to $17.00 and gave the stock a neutral rating in a report on Wednesday, August 7th. Wedbush restated a neutral rating and issued a $13.00 target price on shares of VF in a report on Monday, August 5th. Finally, Argus upgraded VF to a hold rating in a report on Wednesday, August 28th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average target price of $17.24.

VF Trading Down 4.8 %

Shares of VFC opened at $19.35 on Monday. The business’s 50-day moving average price is $18.32 and its 200 day moving average price is $15.29. The stock has a market capitalization of $7.53 billion, a P/E ratio of -6.41, a P/E/G ratio of 2.27 and a beta of 1.53. VF has a 1-year low of $11.00 and a 1-year high of $21.40. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84.

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

VF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Tuesday, September 10th. VF’s dividend payout ratio is presently -11.92%.

Insider Activity

In related news, Director Richard Carucci purchased 15,000 shares of the stock in a transaction on Thursday, August 22nd. The shares were purchased at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the transaction, the director now directly owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by company insiders.

Institutional Trading of VF

A number of large investors have recently bought and sold shares of the stock. Fiduciary Alliance LLC boosted its stake in VF by 18.9% in the third quarter. Fiduciary Alliance LLC now owns 240,100 shares of the textile maker’s stock worth $4,790,000 after purchasing an additional 38,088 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in VF in the third quarter worth $40,000. GAMMA Investing LLC boosted its stake in VF by 44.7% in the third quarter. GAMMA Investing LLC now owns 27,906 shares of the textile maker’s stock worth $557,000 after purchasing an additional 8,615 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in VF by 40.1% in the third quarter. Handelsbanken Fonder AB now owns 107,700 shares of the textile maker’s stock worth $2,149,000 after purchasing an additional 30,800 shares in the last quarter. Finally, Quent Capital LLC boosted its stake in VF by 1,917.1% in the third quarter. Quent Capital LLC now owns 12,627 shares of the textile maker’s stock worth $247,000 after purchasing an additional 12,001 shares in the last quarter. 86.84% of the stock is currently 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.