Cowen Cuts V.F. (NYSE:VFC) Price Target to $59.00

V.F. (NYSE:VFCGet Rating) had its price objective trimmed by Cowen to $59.00 in a research note released on Monday morning, Stock Target Advisor reports.

A number of other research analysts also recently commented on the company. Barclays lowered their price objective on V.F. from $63.00 to $48.00 and set an equal weight rating for the company in a research note on Monday, May 23rd. Wedbush lowered their price objective on V.F. from $61.00 to $50.00 and set a neutral rating for the company in a research note on Friday, May 20th. StockNews.com initiated coverage on V.F. in a research note on Thursday, March 31st. They set a hold rating for the company. The Goldman Sachs Group decreased their price target on V.F. from $40.00 to $35.00 and set a sell rating for the company in a research note on Thursday, July 21st. Finally, UBS Group decreased their price target on V.F. from $65.00 to $55.00 in a research note on Friday, May 13th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of Hold and an average target price of $62.11.

V.F. Stock Performance

VFC stock opened at $47.48 on Monday. The company has a current ratio of 1.38, a quick ratio of 0.96 and a debt-to-equity ratio of 1.30. The firm has a market cap of $18.45 billion, a P/E ratio of 13.45, a P/E/G ratio of 1.47 and a beta of 1.41. V.F. has a 12-month low of $43.08 and a 12-month high of $84.96. The stock’s 50 day simple moving average is $46.88 and its 200 day simple moving average is $54.27.

V.F. (NYSE:VFCGet Rating) last posted its quarterly earnings results on Thursday, May 19th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.83 billion. V.F. had a return on equity of 35.47% and a net margin of 11.71%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. As a group, equities research analysts predict that V.F. will post 3.32 EPS for the current year.

V.F. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 21st. Stockholders of record on Friday, June 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Thursday, June 9th. V.F.’s dividend payout ratio is 56.66%.

Insider Activity

In other V.F. news, Director W Rodney Mcmullen acquired 3,000 shares of V.F. stock in a transaction that occurred on Wednesday, May 25th. The stock was purchased at an average cost of $45.40 per share, with a total value of $136,200.00. Following the purchase, the director now owns 25,125 shares in the company, valued at $1,140,675. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other V.F. news, Director W Rodney Mcmullen acquired 3,000 shares of V.F. stock in a transaction that occurred on Wednesday, May 25th. The stock was purchased at an average cost of $45.40 per share, with a total value of $136,200.00. Following the purchase, the director now owns 25,125 shares in the company, valued at $1,140,675. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Matthew H. Puckett sold 677 shares of the stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $49.87, for a total value of $33,761.99. Following the completion of the sale, the chief financial officer now directly owns 44,691 shares of the company’s stock, valued at $2,228,740.17. The disclosure for this sale can be found here. Insiders purchased a total of 16,000 shares of company stock valued at $740,070 over the last three months. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On V.F.

Hedge funds have recently bought and sold shares of the business. LS Investment Advisors LLC purchased a new stake in shares of V.F. during the 2nd quarter worth about $25,000. Mitchell & Pahl Private Wealth LLC raised its stake in shares of V.F. by 3.3% during the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 19,027 shares of the textile maker’s stock worth $840,000 after purchasing an additional 612 shares in the last quarter. OLD National Bancorp IN purchased a new stake in shares of V.F. during the 2nd quarter worth about $324,000. Hartford Investment Management Co. raised its stake in shares of V.F. by 0.9% during the 2nd quarter. Hartford Investment Management Co. now owns 30,802 shares of the textile maker’s stock worth $1,361,000 after purchasing an additional 267 shares in the last quarter. Finally, Trust Co. of Virginia VA raised its stake in shares of V.F. by 5.8% during the 2nd quarter. Trust Co. of Virginia VA now owns 138,862 shares of the textile maker’s stock worth $6,134,000 after purchasing an additional 7,651 shares in the last quarter. 88.25% of the stock is owned by hedge funds and other institutional investors.

V.F. Company Profile

(Get Rating)

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.

See Also

Analyst Recommendations for V.F. (NYSE:VFC)

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