V.F. (NYSE:VFC) Downgraded to “Sell” at StockNews.com

StockNews.com cut shares of V.F. (NYSE:VFCFree Report) from a hold rating to a sell rating in a research note released on Monday.

A number of other analysts also recently issued reports on the company. Bank of America decreased their target price on V.F. from $13.00 to $11.00 and set an underperform rating for the company in a research report on Thursday, May 23rd. Citigroup decreased their price objective on V.F. from $13.00 to $11.00 and set a neutral rating for the company in a report on Thursday, May 23rd. BMO Capital Markets cut their target price on shares of V.F. from $18.00 to $13.00 and set a market perform rating for the company in a research report on Thursday, May 23rd. JPMorgan Chase & Co. lowered their price target on shares of V.F. from $16.00 to $12.00 and set a neutral rating on the stock in a research report on Monday, April 8th. Finally, Wells Fargo & Company cut their price objective on shares of V.F. from $14.00 to $11.00 and set an equal weight rating for the company in a report on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, V.F. presently has an average rating of Hold and a consensus price target of $13.44.

View Our Latest Stock Analysis on V.F.

V.F. Trading Up 3.1 %

Shares of V.F. stock opened at $12.34 on Monday. The stock has a fifty day moving average price of $13.20 and a 200-day moving average price of $15.60. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.22 and a quick ratio of 0.71. The firm has a market cap of $4.80 billion, a PE ratio of -4.94, a P/E/G ratio of 0.84 and a beta of 1.49. V.F. has a 1 year low of $11.00 and a 1 year high of $21.17.

V.F. (NYSE:VFCGet Free Report) last announced its quarterly earnings data on Wednesday, May 22nd. The textile maker reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.34). V.F. had a positive return on equity of 13.14% and a negative net margin of 9.27%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the firm posted $0.17 EPS. The business’s revenue was down 13.4% on a year-over-year basis. Equities research analysts anticipate that V.F. will post 0.96 EPS for the current year.

V.F. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, June 10th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Monday, June 10th. V.F.’s payout ratio is -14.40%.

Institutional Trading of V.F.

A number of hedge funds have recently made changes to their positions in VFC. Wolff Wiese Magana LLC lifted its stake in V.F. by 2,835.6% during the fourth quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock worth $25,000 after purchasing an additional 1,276 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in V.F. in the fourth quarter worth approximately $25,000. Mather Group LLC. bought a new position in V.F. during the first quarter valued at approximately $27,000. Future Financial Wealth Managment LLC purchased a new position in shares of V.F. during the first quarter worth approximately $31,000. Finally, Allworth Financial LP lifted its holdings in shares of V.F. by 111.5% in the 4th quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock worth $34,000 after acquiring an additional 958 shares during the last quarter. 86.84% of the stock is owned by institutional investors.

V.F. Company Profile

(Get Free Report)

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.

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

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