V.F. (NYSE:VFC) PT Raised to $16.00 at Barclays

V.F. (NYSE:VFC) had its price target increased by Barclays from $12.00 to $16.00 in a research report report published on Thursday, Benzinga reports. Barclays currently has an equal weight rating on the textile maker’s stock.

VFC has been the topic of a number of other research reports. Telsey Advisory Group raised their price target on V.F. from $13.00 to $15.00 and gave the stock a market perform rating in a research report on Thursday. Stifel Nicolaus dropped their target price on shares of V.F. from $22.00 to $19.00 and set a buy rating for the company in a research report on Thursday, May 23rd. Wells Fargo & Company reduced their price target on shares of 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. StockNews.com downgraded shares of V.F. from a hold rating to a sell rating in a research report on Monday, May 27th. Finally, BNP Paribas reaffirmed a neutral rating and issued a $14.00 target price (down previously from $18.00) on shares of V.F. in a report on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $14.19.

V.F. Trading Up 2.2 %

Shares of NYSE VFC opened at $16.38 on Thursday. 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. has a 1-year low of $11.00 and a 1-year high of $21.17. The business’s 50 day moving average is $13.40 and its 200-day moving average is $14.46.

V.F. (NYSE:VFC) last announced its earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34). The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.42 billion. V.F. had a positive return on equity of 13.14% and a negative net margin of 9.27%. V.F.’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. Analysts expect that V.F. will post 0.85 EPS for the current fiscal year.

V.F. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, June 10th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Monday, June 10th. V.F.’s dividend payout ratio is currently -14.40%.

Insider Buying and Selling

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

Institutional Investors Weigh In On V.F.

A number of institutional investors have recently modified their holdings of VFC. Wolff Wiese Magana LLC lifted its holdings in V.F. by 2,835.6% in the fourth quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock valued at $25,000 after buying an additional 1,276 shares during the period. Eagle Bay Advisors LLC acquired a new position in shares of V.F. in the 4th quarter valued at about $25,000. Mather Group LLC. acquired a new stake in V.F. during the first quarter worth approximately $27,000. Future Financial Wealth Managment LLC acquired a new stake in V.F. during the first quarter worth approximately $31,000. Finally, Allworth Financial LP increased its holdings in V.F. by 111.5% in the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock worth $34,000 after purchasing an additional 958 shares in the last quarter. 86.84% of the stock is owned by institutional investors.

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.