The Goldman Sachs Group Cuts V.F. (NYSE:VFC) Price Target to $12.50

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

Several other analysts have also commented on the stock. Williams Trading restated a sell rating on shares of V.F. in a report on Thursday, January 25th. BNP Paribas restated a neutral rating and set a $14.00 price target (down from $18.00) on shares of V.F. in a research report on Friday, April 12th. Telsey Advisory Group reiterated an outperform rating and issued a $22.00 price objective on shares of V.F. in a report on Tuesday, January 30th. Wedbush dropped their target price on shares of V.F. from $16.50 to $15.50 and set a neutral rating on the stock in a report on Wednesday, February 7th. Finally, Wells Fargo & Company decreased their price target on shares of V.F. from $17.00 to $14.00 and set an equal weight rating for the company in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $17.88.

V.F. Stock Up 0.2 %

Shares of NYSE:VFC opened at $12.64 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.23 and a debt-to-equity ratio of 2.25. The company has a 50-day moving average price of $14.55 and a 200-day moving average price of $16.18. V.F. has a 12 month low of $11.91 and a 12 month high of $23.55.

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 negative net margin of 7.07% and a positive return on equity of 19.03%. The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period last year, the firm posted $1.12 earnings per share. V.F.’s quarterly revenue was down 16.2% on a year-over-year basis. Equities research analysts expect that V.F. will post 1.1 earnings per share for the current year.

V.F. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.36 annualized dividend and a dividend yield of 2.85%. V.F.’s payout ratio is -18.27%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On V.F.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VFC. Wolff Wiese Magana LLC boosted its position in shares of V.F. by 2,835.6% during the 4th quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 1,276 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of V.F. in the 4th quarter worth about $25,000. Mather Group LLC. purchased a new position in V.F. in the first quarter worth about $27,000. Allworth Financial LP grew its position in V.F. by 111.5% in the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock worth $34,000 after acquiring an additional 958 shares in the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in V.F. during the first quarter worth approximately $31,000. 86.84% of the stock is 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.