Robert W. Baird Cuts V.F. (NYSE:VFC) Price Target to $13.00

V.F. (NYSE:VFC) had its target price reduced by Robert W. Baird from $16.00 to $13.00 in a research note published on Thursday, Benzinga reports. Robert W. Baird currently has a neutral rating on the textile maker’s stock.

A number of other equities research analysts also recently commented on VFC. The Goldman Sachs Group lowered their price objective on V.F. from $12.50 to $11.00 and set a neutral rating for the company in a research report on Thursday. StockNews.com upgraded V.F. from a sell rating to a hold rating in a report on Thursday, February 8th. JPMorgan Chase & Co. cut their price objective on shares of V.F. from $16.00 to $12.00 and set a neutral rating on the stock in a report on Monday, April 8th. Williams Trading reissued a sell rating on shares of V.F. in a research report on Thursday, January 25th. Finally, Wedbush dropped their price target on shares of V.F. from $15.50 to $13.00 and set a neutral rating for the company in a research report on Tuesday, May 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $13.44.

V.F. Price Performance

NYSE:VFC opened at $12.34 on Thursday. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of -4.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. V.F. has a 12-month low of $11.00 and a 12-month high of $21.17. The company has a current ratio of 1.22, a quick ratio of 0.70 and a debt-to-equity ratio of 2.84. The company’s 50-day moving average is $13.24 and its two-hundred day moving average is $15.62.

V.F. (NYSE:VFC) last announced its earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34). The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.42 billion. V.F. had a positive return on equity of 13.14% and a negative net margin of 9.27%. The firm’s revenue was down 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. Research analysts expect that V.F. will post 1.27 EPS for the current year.

V.F. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, June 10th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Monday, June 10th. V.F.’s dividend payout ratio (DPR) is presently -14.40%.

Institutional Investors Weigh In On V.F.

Several institutional investors and hedge funds have recently modified their holdings of the stock. M&G Plc acquired a new position in V.F. during the 1st quarter worth approximately $200,768,000. Norges Bank purchased a new stake in shares of V.F. during the fourth quarter valued at approximately $76,059,000. Jackson Square Partners LLC acquired a new position in shares of V.F. during the fourth quarter worth $46,646,000. M&G Investment Management Ltd. boosted its stake in shares of V.F. by 19.4% in the fourth quarter. M&G Investment Management Ltd. now owns 12,413,169 shares of the textile maker’s stock valued at $235,850,000 after purchasing an additional 2,016,470 shares during the period. Finally, Capital World Investors acquired a new stake in V.F. during the 1st quarter valued at $30,527,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

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.