VF (NYSE:VFC) Upgraded at Barclays

Barclays upgraded shares of VF (NYSE:VFC) from an equal weight rating to an overweight rating in a report issued on Wednesday morning, MarketBeat.com reports. Barclays currently has $22.00 price objective on the textile maker’s stock, up from their previous price objective of $19.00.

A number of other equities analysts also recently commented on the stock. Wells Fargo & Company lifted their price objective on shares of VF from $15.00 to $16.00 and gave the stock an equal weight rating in a report on Friday, September 6th. StockNews.com raised shares of VF from a sell rating to a hold rating in a report on Thursday, August 8th. Wedbush reissued a neutral rating and set a $13.00 price target on shares of VF in a report on Monday, August 5th. Robert W. Baird boosted their price target on shares of VF from $13.00 to $17.00 and gave the company a neutral rating in a report on Wednesday, August 7th. Finally, Telsey Advisory Group boosted their price target on shares of VF from $15.00 to $19.00 and gave the company a market perform rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, VF currently has a consensus rating of Hold and a consensus price target of $16.19.

VF Price Performance

VFC stock opened at $18.65 on Wednesday. The company has a market capitalization of $7.26 billion, a P/E ratio of -7.46, a PEG ratio of 2.05 and a beta of 1.53. The firm has a 50 day simple moving average of $17.15 and a 200-day simple moving average of $14.77. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84. VF has a twelve month low of $11.00 and a twelve month high of $20.69.

VF (NYSE:VFC) last released its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.04. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.85 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The firm’s revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.15) earnings per share. On average, equities research analysts predict that VF will post 0.73 earnings per share for the current fiscal year.

VF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Tuesday, September 10th. VF’s dividend payout ratio is currently -14.40%.

Insiders Place Their Bets

In other VF news, Director Richard Carucci purchased 15,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were purchased at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the transaction, the director now owns 230,178 shares in the company, valued at $3,843,972.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On VF

Several hedge funds and other institutional investors have recently bought and sold shares of VFC. Mather Group LLC. bought a new stake in VF in the first quarter worth about $27,000. Future Financial Wealth Managment LLC bought a new stake in VF in the first quarter worth about $31,000. Bank & Trust Co bought a new stake in VF in the second quarter worth about $35,000. Versant Capital Management Inc raised its holdings in VF by 6,981.1% during the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock worth $35,000 after buying an additional 2,583 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new stake in VF during the 1st quarter worth about $39,000. 86.84% of the stock is currently owned by institutional investors.

VF Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.