VF (NYSE:VFC) Price Target Raised to $17.00 at JPMorgan Chase & Co.

VF (NYSE:VFC) had its target price increased by JPMorgan Chase & Co. from $16.00 to $17.00 in a report released on Tuesday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the textile maker’s stock.

VFC has been the subject of several other reports. StockNews.com upgraded shares of VF from a “sell” rating to a “hold” rating in a report on Saturday, October 26th. Jefferies Financial Group began coverage on shares of VF in a report on Friday, September 27th. They set a “hold” rating and a $20.00 target price for the company. Barclays raised their target price on shares of VF from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday. Evercore ISI lifted 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. Finally, The Goldman Sachs Group started coverage on shares of VF in a report on Friday, October 11th. They set a “neutral” rating and a $20.00 price target for the company. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.19.

VF Stock Performance

Shares of NYSE VFC opened at $21.06 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.51 and a debt-to-equity ratio of 2.86. VF has a 52 week low of $11.00 and a 52 week high of $23.09. The firm has a 50-day moving average price of $18.89 and a 200 day moving average price of $15.79.

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

VF Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.36 dividend on an annualized basis and a yield of 1.71%. VF’s payout ratio is -20.81%.

Insider Activity at VF

In related news, Director Richard Carucci bought 15,000 shares of the stock in a transaction that occurred 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 completion of the acquisition, the director now owns 230,178 shares in the company, valued at $3,843,972.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VFC. M&G Plc acquired a new position in VF during the first quarter valued at approximately $200,768,000. Pacer Advisors Inc. lifted its position in VF by 28.0% during the second quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock valued at $159,609,000 after buying an additional 2,589,852 shares in the last quarter. Capital World Investors acquired a new position in VF during the first quarter valued at approximately $30,527,000. Principal Financial Group Inc. lifted its position in VF by 328.0% during the second quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock valued at $21,922,000 after buying an additional 1,244,448 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in VF by 1,365.2% during the second quarter. Public Sector Pension Investment Board now owns 727,148 shares of the textile maker’s stock valued at $9,816,000 after buying an additional 677,519 shares in the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

About VF

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.