VF (NYSE:VFC) Price Target Raised to $25.00

VF (NYSE:VFC) had its price objective increased by Barclays from $22.00 to $25.00 in a research note published on Tuesday, Benzinga reports. Barclays currently has an overweight rating on the textile maker’s stock.

Several other brokerages have also issued reports on VFC. UBS Group boosted their price target on shares of VF from $12.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Wedbush reaffirmed a “neutral” rating and issued a $13.00 price target on shares of VF in a research note on Monday, August 5th. StockNews.com raised shares of VF from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. Jefferies Financial Group began coverage on VF in a research note on Friday, September 27th. They issued a “hold” rating and a $20.00 target price for the company. Finally, BMO Capital Markets upped their price target on shares of VF from $13.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $18.19.

VF Price Performance

Shares of VF stock opened at $20.71 on Tuesday. 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 $8.06 billion, a PE ratio of -11.97, a price-to-earnings-growth ratio of 3.27 and a beta of 1.53. The firm has a fifty day moving average price of $18.81 and a two-hundred day moving average price of $15.73. VF has a fifty-two week low of $11.00 and a fifty-two week high of $23.09.

VF (NYSE:VFC) last released its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.19. The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.72 billion. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. During the same period last year, the business earned $0.63 earnings per share. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. Analysts expect that VF will post 0.6 EPS for the current year.

VF Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.36 annualized dividend and a yield of 1.74%. VF’s payout ratio is currently -20.81%.

Insiders Place Their Bets

In related news, Director Richard Carucci acquired 15,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was bought at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the acquisition, the director now directly owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On VF

Institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC boosted its position in VF by 8.9% during the second quarter. V Square Quantitative Management LLC now owns 10,803 shares of the textile maker’s stock worth $146,000 after purchasing an additional 879 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of VF by 50.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 895 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in VF by 0.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 106,281 shares of the textile maker’s stock worth $1,630,000 after acquiring an additional 959 shares during the period. Arkadios Wealth Advisors raised its stake in VF by 5.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after purchasing an additional 1,217 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in VF by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 92,524 shares of the textile maker’s stock valued at $1,249,000 after purchasing an additional 1,681 shares during the period. 86.84% of the stock is currently 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.