VF (NYSE:VFC) Stock Rating Lowered by Wells Fargo & Company

Wells Fargo & Company lowered shares of VF (NYSE:VFC) from an equal weight rating to an underweight rating in a report published on Monday, MarketBeat.com reports. They currently have $15.00 target price on the textile maker’s stock, down from their prior target price of $16.00.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group assumed coverage on shares of VF in a report on Friday. They set a neutral rating and a $20.00 price objective for the company. Jefferies Financial Group assumed coverage on shares of VF in a report on Friday, September 27th. They issued a hold rating and a $20.00 price target for the company. Evercore ISI boosted their price target on shares of VF from $14.00 to $16.00 and gave the company an in-line rating in a report on Wednesday, August 7th. BMO Capital Markets boosted their price target 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, Robert W. Baird boosted their price target on shares of VF from $13.00 to $17.00 and gave the company a neutral rating in a report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $17.24.

VF Price Performance

VFC stock opened at $19.35 on Monday. VF has a 12 month low of $11.00 and a 12 month high of $21.40. The company has a 50-day moving average price of $18.32 and a 200 day moving average price of $15.29. The stock has a market cap of $7.53 billion, a PE ratio of -6.41, a P/E/G ratio of 2.27 and a beta of 1.53. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84.

VF (NYSE:VFC) last announced its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, beating 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 analyst estimates of $1.85 billion. During the same quarter last year, the business posted ($0.15) EPS. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. Equities research analysts anticipate that VF will post 0.73 earnings per share for the current year.

VF Announces Dividend

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 dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.86%. VF’s dividend payout ratio (DPR) is presently -11.92%.

Insiders Place Their Bets

In related news, Director Richard Carucci bought 15,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were bought at an average price of $16.70 per share, with a total value of $250,500.00. Following the transaction, the director now owns 230,178 shares in the company, valued at approximately $3,843,972.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is owned by insiders.

Institutional Trading of VF

Several large investors have recently bought and sold shares of VFC. Mather Group LLC. purchased a new stake in VF during the 1st quarter worth approximately $27,000. Future Financial Wealth Managment LLC purchased a new stake in shares of VF in the 1st quarter valued at $31,000. Bank & Trust Co purchased a new stake in shares of VF in the 2nd quarter valued at $35,000. Versant Capital Management Inc boosted its holdings in shares of VF by 6,981.1% in the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 2,583 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of VF in the 1st quarter valued at $39,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

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.