VF (NYSE:VFC) Cut to "Hold" at Wall Street Zen

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

VFC has been the topic of a number of other reports. Truist Financial lowered their price target on VF from $24.00 to $13.00 and set a "hold" rating on the stock in a report on Thursday, May 22nd. Barclays set a $16.00 target price on VF and gave the company an "overweight" rating in a research report on Thursday, May 22nd. BNP Paribas reaffirmed a "neutral" rating on shares of VF in a report on Thursday, May 22nd. Wells Fargo & Company lowered their price target on VF from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 22nd. Finally, BMO Capital Markets set a $15.00 price objective on VF and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. Sixteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $16.21.

VF Price Performance

Shares of VFC stock traded down $0.33 on Friday, reaching $12.85. The company had a trading volume of 7,571,285 shares, compared to its average volume of 7,861,456. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. VF has a one year low of $9.41 and a one year high of $29.02. The business's 50-day moving average is $12.75 and its 200 day moving average is $18.82. The stock has a market capitalization of $5.01 billion, a PE ratio of -10.80, a price-to-earnings-growth ratio of 6.77 and a beta of 1.68.

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

VF Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 10th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Tuesday, June 10th. VF's payout ratio is presently -72.00%.

Insiders Place Their Bets

In related news, EVP Abhishek Dalmia acquired 50,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of $11.78 per share, for a total transaction of $589,000.00. Following the completion of the acquisition, the executive vice president now owns 380,614 shares of the company's stock, valued at approximately $4,483,632.92. This represents a 15.12% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bracken Darrell acquired 85,840 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average price of $11.73 per share, with a total value of $1,006,903.20. Following the acquisition, the insider now directly owns 295,406 shares of the company's stock, valued at $3,465,112.38. The trade was a 40.96% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 185,840 shares of company stock valued at $2,198,403 in the last ninety days. 0.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On VF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its stake in shares of VF by 11.1% in 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 period. Entropy Technologies LP bought a new stake in shares of VF during the 1st quarter valued at $749,000. Amalgamated Bank boosted its holdings in shares of VF by 46.2% during the 1st quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock valued at $2,365,000 after buying an additional 48,151 shares in the last quarter. SG Americas Securities LLC bought a new position in VF in the 1st quarter worth about $350,000. Finally, Fiduciary Alliance LLC boosted its stake in VF by 16.4% in 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 in the last quarter. 86.84% of the stock is owned by hedge funds and other 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.