V.F. (NYSE:VFC) Price Target Cut to $20.00 by Analysts at Barclays

V.F. (NYSE:VFC – Get Rating) had its price target cut by Barclays from $26.00 to $20.00 in a research note published on Thursday, The Fly reports.

A number of other research firms also recently commented on VFC. Wells Fargo & Company upgraded V.F. from an underweight rating to an equal weight rating and lifted their target price for the company from $18.00 to $22.00 in a research report on Friday, May 5th. Telsey Advisory Group reiterated an outperform rating and issued a $36.00 price objective on shares of V.F. in a report on Wednesday, February 8th. Robert W. Baird cut their price objective on V.F. from $24.00 to $22.00 in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on V.F. from $23.00 to $20.00 and set an underweight rating on the stock in a report on Wednesday, February 8th. Finally, UBS Group cut their price objective on V.F. from $24.00 to $22.00 in a report on Tuesday, May 9th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $28.42.

V.F. Stock Performance

NYSE VFC opened at $17.45 on Thursday. The stock’s fifty day moving average is $21.54 and its two-hundred day moving average is $26.02. The firm has a market capitalization of $6.78 billion, a P/E ratio of 56.29, a price-to-earnings-growth ratio of 2.74 and a beta of 1.44. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.58 and a current ratio of 1.45. V.F. has a fifty-two week low of $17.43 and a fifty-two week high of $51.40.

V.F. (NYSE:VFC – Get Rating) last posted its earnings results on Tuesday, May 23rd. The textile maker reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. V.F. had a return on equity of 25.78% and a net margin of 1.02%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, research analysts anticipate that V.F. will post 2.11 earnings per share for the current year.

V.F. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Monday, June 12th will be given a $0.30 dividend. The ex-dividend date is Friday, June 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.88%. V.F.’s dividend payout ratio (DPR) is presently 387.11%.

Insider Activity at V.F.

In other news, Director Carol L. Roberts bought 7,109 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was purchased at an average cost of $21.07 per share, with a total value of $149,786.63. Following the transaction, the director now directly owns 7,109 shares in the company, valued at $149,786.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.

Institutional Trading of V.F.

Several institutional investors and hedge funds have recently added to or reduced their stakes in VFC. Moneta Group Investment Advisors LLC raised its stake in V.F. by 97,005.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 15,843,788 shares of the textile maker’s stock valued at $437,447,000 after acquiring an additional 15,827,472 shares during the last quarter. Vanguard Group Inc. raised its stake in V.F. by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 40,200,890 shares of the textile maker’s stock valued at $2,285,822,000 after acquiring an additional 5,626,337 shares during the last quarter. Millennium Management LLC raised its stake in V.F. by 5,060.5% during the 4th quarter. Millennium Management LLC now owns 5,731,857 shares of the textile maker’s stock valued at $158,257,000 after acquiring an additional 5,620,786 shares during the last quarter. State Street Corp raised its stake in V.F. by 21.4% during the 3rd quarter. State Street Corp now owns 24,962,446 shares of the textile maker’s stock valued at $746,627,000 after acquiring an additional 4,404,458 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in V.F. by 295.0% during the 1st quarter. Renaissance Technologies LLC now owns 4,454,300 shares of the textile maker’s stock valued at $102,048,000 after acquiring an additional 3,326,600 shares during the last quarter. 96.89% of the stock is owned by hedge funds and other institutional investors.

About V.F.

(Get Rating)

VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor, Active, and Work. The Outdoor segment refers to authentic outdoor-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.