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

V.F. (NYSE:VFC) had its price target cut by The Goldman Sachs Group from $14.00 to $12.50 in a report published on Friday, Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

Other analysts have also recently issued reports about the company. UBS Group decreased their target price on V.F. from $19.00 to $18.00 and set a neutral rating for the company in a research report on Monday, February 5th. Wells Fargo & Company cut their target price on shares of V.F. from $17.00 to $14.00 and set an equal weight rating on the stock in a report on Wednesday, February 7th. JPMorgan Chase & Co. reduced their price objective on V.F. from $16.00 to $12.00 and set a neutral rating for the company in a research note on Monday, April 8th. Wedbush reduced their target price on shares of V.F. from $16.50 to $15.50 and set a neutral rating for the company in a research note on Wednesday, February 7th. Finally, Williams Trading reissued a sell rating on shares of V.F. in a report on Thursday, January 25th. One 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, V.F. currently has a consensus rating of Hold and a consensus target price of $17.88.

V.F. Trading Up 0.2 %

NYSE:VFC opened at $12.64 on Friday. V.F. has a 12 month low of $11.91 and a 12 month high of $23.55. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.23 and a quick ratio of 0.70. The business’s fifty day moving average price is $14.55 and its 200 day moving average price is $16.18.

V.F. (NYSE:VFC) last issued its earnings results on Tuesday, February 6th. The textile maker reported $0.57 earnings per share 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 business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period last year, the business posted $1.12 EPS. V.F.’s revenue was down 16.2% on a year-over-year basis. Analysts anticipate that V.F. will post 1.1 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Friday, March 8th. V.F.’s dividend payout ratio is presently -18.27%.

Insider Buying and Selling at V.F.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 valued at $728,708,000 after purchasing an additional 475,239 shares during the period. Northern Trust Corp grew its stake in V.F. by 1.1% in the third quarter. Northern Trust Corp now owns 23,758,761 shares of the textile maker’s stock valued at $419,817,000 after purchasing an additional 257,992 shares in the last quarter. M&G Investment Management Ltd. grew its stake in shares of V.F. by 19.4% in the 4th quarter. M&G Investment Management Ltd. now owns 12,413,169 shares of the textile maker’s stock valued at $235,850,000 after buying an additional 2,016,470 shares in the last quarter. Guinness Asset Management LTD increased its stake in shares of V.F. by 2.8% during the 3rd quarter. Guinness Asset Management LTD now owns 7,670,947 shares of the textile maker’s stock worth $135,306,000 after purchasing an additional 207,783 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of V.F. by 12.4% in the fourth quarter. Wells Fargo & Company MN now owns 4,281,957 shares of the textile maker’s stock worth $80,501,000 after buying an additional 473,952 shares during the last quarter. 86.84% of the stock is owned by hedge funds and other 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.