V.F. (NYSE:VFC) Given New $12.00 Price Target at Barclays

V.F. (NYSE:VFC - Free Report) had its price objective trimmed by Barclays from $16.00 to $12.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has an equal weight rating on the textile maker's stock.

A number of other analysts also recently commented on VFC. Telsey Advisory Group reiterated a market perform rating and issued a $13.00 price objective (down previously from $18.00) on shares of V.F. in a report on Thursday. The Goldman Sachs Group cut their price objective on shares of V.F. from $12.50 to $11.00 and set a neutral rating for the company in a report on Thursday. Citigroup cut their price objective on shares of V.F. from $13.00 to $11.00 and set a neutral rating for the company in a report on Thursday. Bank of America dropped their price target on shares of V.F. from $13.00 to $11.00 and set an underperform rating for the company in a research note on Thursday. Finally, Williams Trading reissued a sell rating on shares of V.F. in a research note on Thursday, January 25th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $14.18.

V.F. Stock Performance

NYSE:VFC traded up $0.37 during mid-day trading on Friday, hitting $12.34. The company's stock had a trading volume of 20,000,628 shares, compared to its average volume of 8,988,534. V.F. has a 1 year low of $11.00 and a 1 year high of $21.17. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.23 and a quick ratio of 0.70. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of -4.69, a PEG ratio of 1.43 and a beta of 1.49. The business's fifty day moving average is $13.29 and its two-hundred day moving average is $15.65.

V.F. (NYSE:VFC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.34). V.F. had a positive return on equity of 12.18% and a negative net margin of 9.27%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the company posted $0.17 EPS. The company's revenue was down 13.4% on a year-over-year basis. Analysts anticipate that V.F. will post 1.31 EPS for the current fiscal year.

V.F. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, June 10th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.92%. The ex-dividend date is Monday, June 10th. V.F.'s payout ratio is currently -14.40%.

Institutional Trading of V.F.

Several hedge funds and other institutional investors have recently made changes to their positions in VFC. Wolff Wiese Magana LLC boosted its holdings in shares of V.F. by 2,835.6% in the fourth quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker's stock valued at $25,000 after acquiring an additional 1,276 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of V.F. in the fourth quarter valued at about $25,000. Mather Group LLC. purchased a new stake in V.F. during the first quarter worth about $27,000. Future Financial Wealth Managment LLC purchased a new stake in V.F. during the first quarter worth about $31,000. Finally, Allworth Financial LP boosted its holdings in 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 buying an additional 958 shares in the last quarter. Hedge funds and other institutional investors own 86.84% of the company's stock.

About V.F.

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.