Argus Upgrades V.F. (NYSE:VFC) to Hold

Argus upgraded shares of V.F. (NYSE:VFC) to a hold rating in a research report report published on Wednesday morning, Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company increased their target price on V.F. from $14.00 to $15.00 and gave the company an equal weight rating in a research note on Wednesday, August 7th. Citigroup raised shares of V.F. from a neutral rating to a buy rating and boosted their target price for the stock from $11.00 to $20.00 in a research report on Thursday, July 18th. Barclays increased their price target on shares of V.F. from $12.00 to $16.00 and gave the stock an equal weight rating in a research report on Thursday, July 18th. Robert W. Baird upped their price objective on V.F. from $13.00 to $17.00 and gave the company a neutral rating in a research note on Wednesday, August 7th. Finally, Telsey Advisory Group lifted their target price on V.F. from $15.00 to $19.00 and gave the stock a market perform rating in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $15.50.

V.F. Stock Performance

V.F. stock opened at $18.21 on Wednesday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. V.F. has a one year low of $11.00 and a one year high of $20.69. The stock’s 50 day moving average price is $15.73 and its 200 day moving average price is $14.58. The firm has a market capitalization of $7.09 billion, a PE ratio of -7.28, a price-to-earnings-growth ratio of 1.83 and a beta of 1.52.

V.F. (NYSE:VFC) last released its quarterly earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.85 billion. V.F. had a negative net margin of 11.39% and a positive return on equity of 11.75%. The business’s revenue was down 8.9% on a year-over-year basis. During the same period last year, the business earned ($0.15) EPS. As a group, sell-side analysts expect that V.F. will post 0.79 EPS for the current fiscal year.

V.F. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.98%. V.F.’s dividend payout ratio (DPR) is presently -14.40%.

Insider Activity at V.F.

In other V.F. news, Director Richard Carucci purchased 15,000 shares of V.F. stock in a transaction on Thursday, August 22nd. The stock was bought at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the transaction, the director now owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other V.F. news, insider Bracken Darrell bought 75,200 shares of the stock in a transaction on Monday, June 10th. The shares were bought at an average price of $13.26 per share, with a total value of $997,152.00. Following the purchase, the insider now directly owns 219,972 shares in the company, valued at approximately $2,916,828.72. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard Carucci purchased 15,000 shares of V.F. stock in a transaction dated Thursday, August 22nd. The stock was bought at an average cost of $16.70 per share, with a total value of $250,500.00. Following the completion of the transaction, the director now directly owns 230,178 shares of the company’s stock, valued at $3,843,972.60. The disclosure for this purchase can be found here. Insiders have acquired a total of 115,200 shares of company stock worth $1,592,152 in the last three months. 0.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its position in V.F. by 1,754.4% in the 4th quarter. International Assets Investment Management LLC now owns 29,393 shares of the textile maker’s stock worth $553,000 after purchasing an additional 27,808 shares during the last quarter. Yousif Capital Management LLC raised its position in V.F. by 1.5% during the fourth quarter. Yousif Capital Management LLC now owns 59,928 shares of the textile maker’s stock valued at $1,127,000 after acquiring an additional 857 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in V.F. by 33.7% in the fourth quarter. Russell Investments Group Ltd. now owns 513,974 shares of the textile maker’s stock valued at $9,667,000 after acquiring an additional 129,548 shares during the last quarter. New York Life Investment Management LLC grew its position in V.F. by 2.8% in the fourth quarter. New York Life Investment Management LLC now owns 94,335 shares of the textile maker’s stock worth $1,773,000 after acquiring an additional 2,569 shares in the last quarter. Finally, Natixis Advisors L.P. increased its stake in shares of V.F. by 16.6% during the 4th quarter. Natixis Advisors L.P. now owns 19,165 shares of the textile maker’s stock worth $360,000 after purchasing an additional 2,732 shares during the last quarter. Institutional investors and hedge funds 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 accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.