VF (NYSE:VFC) Price Target Lowered to $18.00 at Wells Fargo & Company

VF (NYSE:VFC) had its price objective lowered by Wells Fargo & Company from $21.00 to $18.00 in a report released on Friday morning,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the textile maker’s stock.

A number of other analysts have also recently weighed in on the stock. BMO Capital Markets raised their target price on shares of VF from $14.00 to $25.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Truist Financial reaffirmed a “hold” rating and issued a $24.00 price objective (up previously from $20.00) on shares of VF in a research note on Thursday, January 30th. JPMorgan Chase & Co. raised their price objective on shares of VF from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Robert W. Baird raised their price objective on shares of VF from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Finally, OTR Global raised shares of VF from a “mixed” rating to a “positive” rating in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $22.90.

VF Trading Down 7.0 %

Shares of NYSE:VFC opened at $19.13 on Friday. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of -16.07, a PEG ratio of 6.77 and a beta of 1.46. VF has a 1-year low of $11.00 and a 1-year high of $29.02. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56. The company has a 50 day moving average price of $24.02 and a 200 day moving average price of $21.17.

VF (NYSE:VFC) last issued its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. During the same quarter in the previous year, the business earned $0.57 earnings per share. On average, research analysts anticipate that VF will post 0.73 EPS for the current fiscal year.

VF Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.09 per share. The ex-dividend date is Monday, March 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.88%. VF’s dividend payout ratio is currently -30.25%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. CKW Financial Group raised its holdings in shares of VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of VF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after purchasing an additional 3,008 shares in the last quarter. TB Alternative Assets Ltd. bought a new position in shares of VF during the 4th quarter valued at $1,878,000. Fiduciary Alliance LLC raised its holdings in shares of VF by 6.8% during the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after purchasing an additional 16,431 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its stake in VF by 1.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock valued at $73,084,000 after buying an additional 65,919 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

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.