V.F. (NYSE:VFC) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of V.F. (NYSE:VFC) from a hold rating to a sell rating in a report released on Monday.

Other equities analysts also recently issued research reports about the stock. Robert W. Baird dropped their price objective on shares of V.F. from $16.00 to $13.00 and set a neutral rating for the company in a research note on Thursday, May 23rd. Wells Fargo & Company reduced their price objective on V.F. from $14.00 to $11.00 and set an equal weight rating on the stock in a research report on Thursday, May 23rd. Wedbush reduced their price target on V.F. from $15.50 to $13.00 and set a neutral rating on the stock in a report on Tuesday, May 21st. BMO Capital Markets dropped their price objective on shares of V.F. from $18.00 to $13.00 and set a market perform rating for the company in a report on Thursday, May 23rd. Finally, UBS Group decreased their price target on shares of V.F. from $19.00 to $18.00 and set a neutral rating for the company in a research report on Monday, February 5th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, V.F. presently has an average rating of Hold and a consensus price target of $13.06.

V.F. Stock Up 2.4 %

VFC stock opened at $12.33 on Monday. The business’s 50 day simple moving average is $13.06 and its 200 day simple moving average is $15.54. V.F. has a 1-year low of $11.00 and a 1-year high of $21.17. The firm has a market capitalization of $4.80 billion, a PE ratio of -4.93, a PEG ratio of 0.91 and a beta of 1.49. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 2.84.

V.F. (NYSE:VFC) last issued its quarterly earnings data on Wednesday, May 22nd. The textile maker reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34). V.F. had a negative net margin of 9.27% and a positive return on equity of 13.14%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the company earned $0.17 earnings per share. The business’s quarterly revenue was down 13.4% compared to the same quarter last year. As a group, research analysts anticipate that V.F. will post 0.89 EPS for the current year.

V.F. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Monday, June 10th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.92%. The ex-dividend date is Monday, June 10th. V.F.’s payout ratio is currently -14.40%.

Institutional Investors Weigh In On V.F.

Several institutional investors have recently bought and sold shares of VFC. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of V.F. by 5.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,495 shares of the textile maker’s stock valued at $216,000 after buying an additional 633 shares during the period. Arizona State Retirement System boosted its position in V.F. by 0.8% during the fourth quarter. Arizona State Retirement System now owns 90,845 shares of the textile maker’s stock worth $1,708,000 after purchasing an additional 702 shares during the period. Global Retirement Partners LLC raised its position in shares of V.F. by 28.5% in the fourth quarter. Global Retirement Partners LLC now owns 3,225 shares of the textile maker’s stock valued at $61,000 after purchasing an additional 715 shares during the period. Treasurer of the State of North Carolina boosted its holdings in V.F. by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 153,537 shares of the textile maker’s stock worth $2,713,000 after buying an additional 780 shares during the period. Finally, Nordea Investment Management AB grew its stake in V.F. by 3.0% in the 3rd quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker’s stock valued at $486,000 after buying an additional 812 shares in the last quarter. Institutional investors own 86.84% of the company’s stock.

V.F. 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.