VF (NYSE:VFC) Price Target Raised to $25.00

VF (NYSE:VFC) had its price objective increased by Barclays from $22.00 to $25.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an overweight rating on the textile maker’s stock.

VFC has been the subject of a number of other research reports. UBS Group upped their price target on shares of VF from $12.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Evercore ISI upped their price target on shares of VF from $14.00 to $16.00 and gave the stock an “in-line” rating in a report on Wednesday, August 7th. Stifel Nicolaus upped their price target on shares of VF from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, October 14th. JPMorgan Chase & Co. cut their price target on shares of VF from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Finally, Robert W. Baird upped their price target on shares of VF from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.19.

VF Trading Up 1.7 %

NYSE VFC opened at $21.06 on Tuesday. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.51. VF has a 12-month low of $11.00 and a 12-month high of $23.09. The firm has a 50-day moving average price of $18.89 and a two-hundred day moving average price of $15.79.

VF (NYSE:VFC) last posted its quarterly earnings data on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.72 billion. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 EPS. On average, equities analysts predict that VF will post 0.48 earnings per share for the current year.

VF Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, December 10th. VF’s dividend payout ratio (DPR) is currently -20.81%.

Insider Buying and Selling at VF

In other VF news, Director Richard Carucci purchased 15,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was purchased at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the transaction, the director now owns 230,178 shares in the company, valued at $3,843,972.60. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On VF

Several large investors have recently modified their holdings of the company. M&G Plc increased its position in shares of VF by 10.0% during the second quarter. M&G Plc now owns 14,729,396 shares of the textile maker’s stock worth $206,212,000 after buying an additional 1,344,849 shares during the period. Pacer Advisors Inc. increased its position in shares of VF by 28.0% during the second quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock worth $159,609,000 after buying an additional 2,589,852 shares during the period. Dimensional Fund Advisors LP increased its position in shares of VF by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,125,417 shares of the textile maker’s stock worth $55,694,000 after buying an additional 113,128 shares during the period. Deprince Race & Zollo Inc. grew its holdings in VF by 28.3% in the second quarter. Deprince Race & Zollo Inc. now owns 3,057,884 shares of the textile maker’s stock worth $41,281,000 after purchasing an additional 673,979 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in VF by 23.6% in the second quarter. Bank of New York Mellon Corp now owns 2,481,600 shares of the textile maker’s stock worth $33,502,000 after purchasing an additional 473,373 shares during the period. 86.84% of the stock is currently owned by institutional investors and hedge funds.

VF Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.