VF (NYSE:VFC) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of VF (NYSE:VFC) from a sell rating to a hold rating in a report released on Saturday morning.

A number of other equities research analysts have also recently issued reports on the stock. Robert W. Baird upped their target price on shares of VF from $13.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Wells Fargo & Company cut shares of VF from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $16.00 to $15.00 in a report on Monday, October 14th. UBS Group upped their target price on shares of VF from $12.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, August 16th. BMO Capital Markets upped their target price on shares of VF from $13.00 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group began coverage on shares of VF in a report on Friday, October 11th. They issued a “neutral” rating and a $20.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.24.

VF Trading Up 1.0 %

VF stock opened at $16.73 on Friday. The firm has a 50-day moving average of $18.52 and a 200-day moving average of $15.54. VF has a one year low of $11.00 and a one year high of $21.40. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.99 and a quick ratio of 0.51. The company has a market cap of $6.51 billion, a price-to-earnings ratio of -5.54, a P/E/G ratio of 1.99 and a beta of 1.53.

VF (NYSE:VFC) last posted its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.04. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business posted ($0.15) EPS. The company’s quarterly revenue was down 8.9% on a year-over-year basis. On average, equities analysts expect that VF will post 0.73 earnings per share for the current fiscal year.

VF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.36 dividend on an annualized basis and a yield of 2.15%. VF’s dividend payout ratio (DPR) is -11.92%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Norden Group LLC bought a new position in shares of VF during the first quarter valued at $268,000. Legacy Wealth Asset Management LLC raised its stake in shares of VF by 5.4% during the first quarter. Legacy Wealth Asset Management LLC now owns 55,729 shares of the textile maker’s stock valued at $855,000 after acquiring an additional 2,880 shares during the last quarter. Insight Folios Inc raised its stake in shares of VF by 26.2% during the first quarter. Insight Folios Inc now owns 14,988 shares of the textile maker’s stock valued at $230,000 after acquiring an additional 3,107 shares during the last quarter. Maryland State Retirement & Pension System raised its stake in shares of VF by 434.5% during the first quarter. Maryland State Retirement & Pension System now owns 143,831 shares of the textile maker’s stock valued at $2,206,000 after acquiring an additional 116,923 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in VF by 1.5% during the first quarter. Principal Financial Group Inc. now owns 379,427 shares of the textile maker’s stock worth $5,820,000 after buying an additional 5,586 shares during the last quarter. 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.