V.F. (NYSE:VFC) Trading Down 3.5% on Analyst Downgrade

V.F. Co. (NYSE:VFC - Get Free Report) was down 3.5% during mid-day trading on Friday after Barclays lowered their price target on the stock from $16.00 to $12.00. Barclays currently has an equal weight rating on the stock. V.F. traded as low as $11.54 and last traded at $11.55. Approximately 2,024,384 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 8,800,515 shares. The stock had previously closed at $11.97.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group reduced their price target on V.F. from $12.50 to $11.00 and set a "neutral" rating on the stock in a research note on Thursday. Citigroup reduced their price objective on V.F. from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Thursday. StockNews.com raised shares of V.F. from a "sell" rating to a "hold" rating in a research report on Thursday, February 8th. Robert W. Baird cut their price objective on V.F. from $16.00 to $13.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, BNP Paribas reissued a "neutral" rating and issued a $14.00 price objective (down from $18.00) on shares of V.F. in a research report on Friday, April 12th. Two 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 company has an average rating of "Hold" and a consensus price target of $14.18.

Hedge Funds Weigh In On V.F.

A number of hedge funds have recently made changes to their positions in the business. Wolff Wiese Magana LLC increased 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 worth $25,000 after purchasing an additional 1,276 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of V.F. during the 4th quarter worth $25,000. Mather Group LLC. purchased a new position in V.F. in the first quarter valued at $27,000. Allworth Financial LP raised its stake in V.F. by 111.5% in the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker's stock valued at $34,000 after buying an additional 958 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in V.F. in the first quarter valued at $31,000. Institutional investors own 86.84% of the company's stock.

V.F. Stock Performance

The stock has a market cap of $4.80 billion, a price-to-earnings ratio of -4.69, a P/E/G ratio of 1.43 and a beta of 1.49. 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's 50-day moving average is $13.29 and its 200 day moving average is $15.65.

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

V.F. Announces Dividend

The business also recently announced 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. The ex-dividend date is Monday, June 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.92%. V.F.'s payout ratio is presently -14.40%.

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.