Wall Street Zen lowered shares of VF (NYSE:VFC - Free Report) from a buy rating to a hold rating in a research note published on Saturday.
A number of other brokerages also recently weighed in on VFC. Jefferies Financial Group upped their target price on VF from $21.00 to $24.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. BNP Paribas reiterated a "neutral" rating on shares of VF in a research report on Thursday, May 22nd. Citigroup lowered VF from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $30.00 to $12.00 in a research report on Monday, April 7th. The Goldman Sachs Group reduced their price target on VF from $25.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Finally, Piper Sandler lowered their price objective on shares of VF from $18.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Sixteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, VF has a consensus rating of "Hold" and an average price target of $16.21.
Get Our Latest Analysis on VF
VF Trading Down 2.7%
VFC traded down $0.36 during trading hours on Friday, reaching $13.19. The company's stock had a trading volume of 4,206,773 shares, compared to its average volume of 7,882,134. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00. The business's 50-day moving average is $12.90 and its 200-day moving average is $18.92. VF has a fifty-two week low of $9.41 and a fifty-two week high of $29.02. The stock has a market cap of $5.14 billion, a PE ratio of -11.06, a P/E/G ratio of 6.77 and a beta of 1.68.
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, beating the consensus estimate of ($0.14) by $0.01. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.17 billion. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. The company's quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.32) earnings per share. As a group, equities research analysts predict that VF will post 0.73 earnings per share for the current fiscal year.
VF Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.36 dividend on an annualized basis and a yield of 2.73%. VF's dividend payout ratio is currently -72.00%.
Insider Activity at VF
In related news, insider Bracken Darrell purchased 85,840 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of $11.73 per share, with a total value of $1,006,903.20. Following the completion of the acquisition, the insider now directly owns 295,406 shares in the company, valued at $3,465,112.38. This trade represents a 40.96% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Abhishek Dalmia acquired 50,000 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was purchased at an average cost of $11.78 per share, with a total value of $589,000.00. Following the transaction, the executive vice president now owns 380,614 shares of the company's stock, valued at approximately $4,483,632.92. The trade was a 15.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 185,840 shares of company stock valued at $2,198,403. Insiders own 0.70% of the company's stock.
Hedge Funds Weigh In On VF
A number of institutional investors have recently made changes to their positions in VFC. Russell Investments Group Ltd. grew its stake in shares of VF by 11.1% in the 1st quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker's stock worth $4,306,000 after purchasing an additional 27,727 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of VF in the first quarter valued at $749,000. Amalgamated Bank lifted its position in 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 purchasing an additional 48,151 shares during the period. SG Americas Securities LLC bought a new position in VF during the first quarter worth about $350,000. Finally, Fiduciary Alliance LLC lifted its position in VF by 16.4% in the 1st quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker's stock valued at $4,634,000 after acquiring an additional 42,065 shares in the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.
VF Company Profile
(
Get Free Report)
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.
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