Robert W. Baird Cuts V.F. (NYSE:VFC) Price Target to $13.00

V.F. (NYSE:VFC - Free Report) had its target price lowered by Robert W. Baird from $16.00 to $13.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the textile maker's stock.

Several other equities analysts also recently issued reports on the company. UBS Group cut their target price on V.F. from $19.00 to $18.00 and set a neutral rating on the stock in a research report on Monday, February 5th. TD Cowen cut their price objective on V.F. from $14.00 to $9.00 and set a hold rating on the stock in a report on Thursday. Wells Fargo & Company decreased their target price on V.F. from $14.00 to $11.00 and set an equal weight rating for the company in a report on Thursday. Telsey Advisory Group reiterated a market perform rating and issued a $13.00 price target (down previously from $18.00) on shares of V.F. in a report on Thursday. Finally, Stifel Nicolaus reduced their price target on shares of V.F. from $22.00 to $19.00 and set a buy rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $14.59.

V.F. Stock Down 2.9 %

VFC stock traded down $0.36 on Thursday, hitting $11.97. 27,050,980 shares of the company's stock were exchanged, compared to its average volume of 8,878,402. The firm has a 50 day moving average price of $13.34 and a two-hundred day moving average price of $15.67. V.F. has a 12-month low of $11.00 and a 12-month high of $21.17. The stock has a market cap of $4.65 billion, a P/E ratio of -6.09, a price-to-earnings-growth ratio of 1.40 and a beta of 1.49. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23.

V.F. (NYSE:VFC - Get 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). The company had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.42 billion. V.F. had a negative net margin of 7.07% and a positive return on equity of 19.03%. The business's revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. As a group, equities research analysts expect that V.F. will post 1.06 EPS for the current fiscal year.

V.F. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Monday, June 10th will be issued a $0.09 dividend. The ex-dividend date is Monday, June 10th. This represents a $0.36 dividend on an annualized basis and a yield of 3.01%. V.F.'s payout ratio is -18.27%.

Institutional Trading of V.F.

Institutional investors have recently bought and sold shares of the business. Wolff Wiese Magana LLC lifted its position in shares of V.F. by 2,835.6% during the 4th quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker's stock valued at $25,000 after buying an additional 1,276 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in V.F. during the fourth quarter worth $25,000. Mather Group LLC. acquired a new stake in shares of V.F. in the first quarter valued at about $27,000. Allworth Financial LP increased its stake in shares of V.F. by 111.5% during the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker's stock worth $34,000 after purchasing an additional 958 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of V.F. during the 1st quarter worth about $31,000. 86.84% of the stock is owned by institutional investors and hedge funds.

V.F. Company Profile

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.