V.F. (NYSE:VFC) Given New $12.50 Price Target at The Goldman Sachs Group

V.F. (NYSE:VFC) had its price objective trimmed by The Goldman Sachs Group from $14.00 to $12.50 in a report released on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the textile maker’s stock.

Several other research analysts have also recently weighed in on VFC. StockNews.com raised shares of V.F. from a sell rating to a hold rating in a report on Thursday, February 8th. UBS Group cut their price objective on V.F. from $19.00 to $18.00 and set a neutral rating for the company in a report on Monday, February 5th. Williams Trading reaffirmed a sell rating on shares of V.F. in a research note on Thursday, January 25th. Stifel Nicolaus reissued a buy rating and issued a $22.00 price target on shares of V.F. in a research note on Tuesday, April 9th. Finally, Telsey Advisory Group restated an outperform rating and set a $22.00 price objective on shares of V.F. in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $17.88.

V.F. Stock Performance

Shares of VFC stock opened at $12.89 on Friday. The firm’s 50 day moving average is $14.47 and its 200 day moving average is $16.17. The stock has a market capitalization of $5.01 billion, a P/E ratio of -6.54, a PEG ratio of 1.41 and a beta of 1.48. V.F. has a 12 month low of $11.91 and a 12 month high of $23.53. The company has a current ratio of 1.23, a quick ratio of 0.70 and a debt-to-equity ratio of 2.25.

V.F. (NYSE:VFC) last posted its earnings results on Tuesday, February 6th. The textile maker reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.22). V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the prior year, the company earned $1.12 EPS. The company’s revenue was down 16.2% on a year-over-year basis. On average, sell-side analysts anticipate that V.F. will post 1.1 earnings per share for the current year.

V.F. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Friday, March 8th. V.F.’s payout ratio is -18.27%.

Insider Buying and Selling

In other V.F. news, Director Juliana L. Chugg purchased 11,301 shares of the stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $17.55 per share, with a total value of $198,332.55. Following the transaction, the director now directly owns 26,301 shares of the company’s stock, valued at approximately $461,582.55. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Juliana L. Chugg acquired 11,301 shares of the business’s stock in a transaction on Monday, February 12th. The shares were acquired at an average cost of $17.55 per share, with a total value of $198,332.55. Following the transaction, the director now owns 26,301 shares in the company, valued at approximately $461,582.55. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bracken Darrell purchased 65,360 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average price of $15.38 per share, for a total transaction of $1,005,236.80. Following the completion of the transaction, the insider now directly owns 144,281 shares of the company’s stock, valued at $2,219,041.78. The disclosure for this purchase can be found here. 0.60% of the stock is owned by insiders.

Institutional Investors Weigh In On V.F.

Hedge funds have recently bought and sold shares of the business. CWM LLC boosted its position in shares of V.F. by 30.4% in the 3rd quarter. CWM LLC now owns 20,835 shares of the textile maker’s stock worth $368,000 after purchasing an additional 4,854 shares in the last quarter. AE Wealth Management LLC grew its stake in shares of V.F. by 8.2% in the third quarter. AE Wealth Management LLC now owns 19,158 shares of the textile maker’s stock worth $339,000 after acquiring an additional 1,454 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of V.F. by 79.8% during the third quarter. IFP Advisors Inc now owns 6,327 shares of the textile maker’s stock valued at $112,000 after acquiring an additional 2,808 shares in the last quarter. Czech National Bank boosted its stake in V.F. by 47.7% in the 3rd quarter. Czech National Bank now owns 57,771 shares of the textile maker’s stock worth $1,021,000 after purchasing an additional 18,664 shares in the last quarter. Finally, MCF Advisors LLC grew its position in V.F. by 10.8% during the 3rd quarter. MCF Advisors LLC now owns 9,542 shares of the textile maker’s stock valued at $169,000 after purchasing an additional 930 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

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 related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.