VF (NYSE:VFC) Downgraded to "Hold" Rating by Wall Street Zen

Wall Street Zen cut shares of VF (NYSE:VFC - Free Report) from a buy rating to a hold rating in a report released on Saturday morning.

A number of other equities research analysts have also recently issued reports on VFC. Needham & Company LLC decreased their price target on shares of VF from $28.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Citigroup lowered shares of VF from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $30.00 to $12.00 in a research report on Monday, April 7th. UBS Group raised their price target on VF from $12.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Truist Financial lowered their target price on VF from $24.00 to $13.00 and set a "hold" rating for the company in a research note on Thursday, May 22nd. Finally, BNP Paribas restated a "neutral" rating on shares of VF in a report on Thursday, May 22nd. Sixteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $16.21.

VF Trading Up 12.8%

NYSE VFC traded up $1.54 on Friday, reaching $13.54. 14,088,386 shares of the company were exchanged, compared to its average volume of 7,895,960. The business's fifty day moving average price is $12.96 and its 200 day moving average price is $18.96. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $5.27 billion, a P/E ratio of -11.38, a price-to-earnings-growth ratio of 6.77 and a beta of 1.68. VF has a fifty-two week low of $9.41 and a fifty-two week high of $29.02.

VF (NYSE:VFC - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The textile maker reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.01. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. The business had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the prior year, the business earned ($0.32) earnings per share. The company's quarterly revenue was down 4.6% compared to the same quarter last year. Analysts forecast that VF will post 0.73 earnings per share for the current year.

VF Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 10th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Tuesday, June 10th. VF's dividend payout ratio is currently -72.00%.

Insider Activity

In other VF news, insider Bracken Darrell bought 85,840 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was acquired at an average price of $11.73 per share, with a total value of $1,006,903.20. Following the completion of the transaction, the insider now directly owns 295,406 shares in the company, valued at approximately $3,465,112.38. This represents a 40.96% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Carucci purchased 50,000 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of $12.05 per share, for a total transaction of $602,500.00. Following the completion of the purchase, the director now directly owns 280,282 shares of the company's stock, valued at $3,377,398.10. The trade was a 21.71% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 185,840 shares of company stock valued at $2,198,403. 0.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On VF

Institutional investors have recently made changes to their positions in the business. Segall Bryant & Hamill LLC raised its stake in shares of VF by 5.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker's stock valued at $83,153,000 after purchasing an additional 211,440 shares in the last quarter. Rhumbline Advisers grew its stake in shares of VF by 11.0% during the first quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker's stock valued at $14,414,000 after purchasing an additional 92,174 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of VF by 1,355.2% in the 1st quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker's stock valued at $6,276,000 after buying an additional 376,615 shares during the period. Fiduciary Alliance LLC raised its holdings in VF by 16.4% during the 1st quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker's stock worth $4,634,000 after purchasing an additional 42,065 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of VF by 11.1% during the first quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker's stock worth $4,306,000 after buying an additional 27,727 shares during the last quarter. 86.84% of the stock is currently owned by institutional investors.

VF Company Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.