Stifel Nicolaus Cuts VF (NYSE:VFC) Price Target to $28.00

VF (NYSE:VFC) had its price target cut by Stifel Nicolaus from $35.00 to $28.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Other research analysts have also issued research reports about the company. Wells Fargo & Company dropped their target price on VF from $21.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, March 7th. The Goldman Sachs Group boosted their price objective on VF from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Barclays increased their target price on VF from $29.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Telsey Advisory Group restated a “market perform” rating and issued a $27.00 price objective on shares of VF in a report on Friday, March 7th. Finally, Robert W. Baird lifted their price objective on shares of VF from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $22.24.

VF Trading Down 8.0 %

VF stock opened at $11.43 on Thursday. VF has a 12 month low of $9.41 and a 12 month high of $29.02. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31. The business’s fifty day simple moving average is $19.47 and its two-hundred day simple moving average is $20.60. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of -9.61, a price-to-earnings-growth ratio of 6.77 and a beta of 1.57.

VF (NYSE:VFC) last released its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same quarter in the previous year, the business posted $0.57 EPS. As a group, equities analysts predict that VF will post 0.73 earnings per share for the current fiscal year.

VF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a $0.09 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.36 annualized dividend and a yield of 3.15%. VF’s dividend payout ratio (DPR) is currently -30.25%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in VF by 1,355.2% during the first quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker’s stock valued at $6,276,000 after acquiring an additional 376,615 shares during the last quarter. Segall Bryant & Hamill LLC boosted its holdings in VF by 5.8% during the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock valued at $83,153,000 after acquiring an additional 211,440 shares during the period. Rhumbline Advisers grew its position in VF by 11.0% during the 1st quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker’s stock worth $14,414,000 after acquiring an additional 92,174 shares during the last quarter. TB Alternative Assets Ltd. purchased a new position in VF in the 4th quarter worth approximately $1,878,000. Finally, Fiduciary Alliance LLC lifted its position in VF by 16.4% in the first quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker’s stock valued at $4,634,000 after purchasing an additional 42,065 shares during the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

VF Company Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.