V.F. (NYSE:VFC) Given “Neutral” Rating at BNP Paribas

BNP Paribas reaffirmed their neutral rating on shares of V.F. (NYSE:VFC) in a report issued on Friday, MarketBeat.com reports. The brokerage currently has a $14.00 target price on the textile maker’s stock, down from their previous target price of $18.00.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus reissued a buy rating and issued a $22.00 price objective on shares of V.F. in a research report on Tuesday, April 9th. JPMorgan Chase & Co. dropped their price objective on shares of V.F. from $16.00 to $12.00 and set a neutral rating for the company in a research report on Monday, April 8th. Wells Fargo & Company dropped their price objective on shares of V.F. from $17.00 to $14.00 and set an equal weight rating for the company in a research report on Wednesday, February 7th. Wedbush dropped their price objective on shares of V.F. from $16.50 to $15.50 and set a neutral rating for the company in a research report on Wednesday, February 7th. Finally, Williams Trading reissued a sell rating on shares of V.F. in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $17.97.

V.F. Stock Performance

Shares of VFC stock opened at $12.15 on Friday. V.F. has a one year low of $12.02 and a one year high of $23.55. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23. The company has a 50 day moving average price of $15.21 and a 200 day moving average price of $16.42. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of -6.17, a price-to-earnings-growth ratio of 1.35 and a beta of 1.48.

V.F. (NYSE:VFC) last issued its quarterly earnings results on Tuesday, February 6th. The textile maker reported $0.57 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 analyst estimates of $3.24 billion. During the same period last year, the company posted $1.12 EPS. The business’s revenue for the quarter was down 16.2% on a year-over-year basis. Sell-side analysts anticipate that V.F. will post 1.1 EPS for the current year.

V.F. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.36 dividend on an annualized basis and a yield of 2.96%. V.F.’s dividend payout ratio (DPR) is -18.27%.

Insider Buying and Selling at V.F.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Prudential PLC lifted its position in shares of V.F. by 20.6% in the 3rd quarter. Prudential PLC now owns 23,864 shares of the textile maker’s stock worth $422,000 after buying an additional 4,070 shares during the last quarter. Deutsche Bank AG lifted its position in shares of V.F. by 11.9% in the 3rd quarter. Deutsche Bank AG now owns 1,581,532 shares of the textile maker’s stock worth $27,946,000 after buying an additional 168,465 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of V.F. by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock worth $728,708,000 after buying an additional 475,239 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of V.F. by 3.0% in the 3rd quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker’s stock worth $486,000 after buying an additional 812 shares during the last quarter. Finally, Modus Advisors LLC acquired a new stake in shares of V.F. in the 4th quarter worth about $1,414,000. 86.84% of the stock is currently owned by institutional investors.

About V.F.

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.