V.F. (NYSE:VFC) Given New $16.00 Price Target at Evercore ISI

V.F. (NYSE:VFC) had its price target lifted by Evercore ISI from $14.00 to $16.00 in a research note released on Wednesday morning, Benzinga reports. They currently have an in-line rating on the textile maker’s stock.

A number of other equities research analysts also recently weighed in on VFC. Barclays lifted their price objective on V.F. from $12.00 to $16.00 and gave the company an equal weight rating in a report on Thursday, July 18th. TD Cowen boosted their target price on shares of V.F. from $9.00 to $16.00 and gave the company a hold rating in a research note on Tuesday, August 6th. Wedbush reiterated a neutral rating and set a $13.00 target price on shares of V.F. in a research report on Monday, August 5th. BNP Paribas reaffirmed a neutral rating and set a $14.00 price objective (down previously from $18.00) on shares of V.F. in a report on Friday, April 12th. Finally, Wells Fargo & Company lifted their price objective on V.F. from $14.00 to $15.00 and gave the company an equal weight rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, V.F. presently has a consensus rating of Hold and an average price target of $15.19.

V.F. Trading Down 2.2 %

NYSE:VFC opened at $17.40 on Wednesday. The company’s 50 day moving average is $14.62 and its 200-day moving average is $14.49. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 2.84. V.F. has a 12 month low of $11.00 and a 12 month high of $21.17. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of -6.96, a P/E/G ratio of 1.27 and a beta of 1.52.

V.F. (NYSE:VFC) last released its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.04. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.85 billion. V.F. had a negative net margin of 11.39% and a positive return on equity of 10.86%. The business’s revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.15) EPS. Equities analysts anticipate that V.F. will post 0.85 EPS for the current year.

V.F. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, September 10th. V.F.’s dividend payout ratio (DPR) is currently -14.40%.

Insider Activity

In other V.F. news, insider Bracken Darrell purchased 75,200 shares of the business’s stock in a transaction on Monday, June 10th. The stock was acquired at an average price of $13.26 per share, with a total value of $997,152.00. Following the acquisition, the insider now directly owns 219,972 shares of the company’s stock, valued at approximately $2,916,828.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other V.F. news, Director Richard Carucci bought 25,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were bought at an average cost of $13.78 per share, with a total value of $344,500.00. Following the completion of the acquisition, the director now owns 215,130 shares of the company’s stock, valued at $2,964,491.40. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bracken Darrell purchased 75,200 shares of V.F. stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average cost of $13.26 per share, for a total transaction of $997,152.00. Following the transaction, the insider now directly owns 219,972 shares of the company’s stock, valued at $2,916,828.72. The disclosure for this purchase can be found here. 0.70% of the stock is owned by insiders.

Institutional Investors Weigh In On V.F.

A number of large investors have recently bought and sold shares of VFC. Arizona State Retirement System raised 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 valued at $1,708,000 after purchasing an additional 702 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of V.F. by 1,754.4% during the 4th quarter. International Assets Investment Management LLC now owns 29,393 shares of the textile maker’s stock worth $553,000 after buying an additional 27,808 shares during the last quarter. Allworth Financial LP grew its position in V.F. by 111.5% in the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 958 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its holdings in shares of V.F. by 6.8% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 56,617 shares of the textile maker’s stock worth $1,064,000 after acquiring an additional 3,588 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of V.F. by 115.9% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 296,041 shares of the textile maker’s stock valued at $5,599,000 after purchasing an additional 158,899 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

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.