TD Cowen Raises V.F. (NYSE:VFC) Price Target to $16.00

V.F. (NYSE:VFC) had its target price lifted by TD Cowen from $9.00 to $16.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a hold rating on the textile maker’s stock.

VFC has been the subject of several other reports. UBS Group lowered their price objective on shares of V.F. from $14.00 to $12.00 and set a neutral rating for the company in a research note on Tuesday, May 28th. StockNews.com lowered shares of V.F. from a hold rating to a sell rating in a report on Monday, May 27th. Wedbush reiterated a neutral rating and issued a $13.00 target price on shares of V.F. in a research note on Monday, August 5th. Bank of America decreased their price target on V.F. from $13.00 to $11.00 and set an underperform rating for the company in a report on Thursday, May 23rd. Finally, Barclays lifted their price objective on shares of V.F. from $12.00 to $16.00 and gave the company an equal weight rating in a research note on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $15.19.

V.F. Price Performance

V.F. stock traded down $0.39 during midday trading on Tuesday, reaching $17.40. 6,614,098 shares of the company were exchanged, compared to its average volume of 8,768,965. V.F. has a 1 year low of $11.00 and a 1 year high of $21.17. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of -6.96, a P/E/G ratio of 1.27 and a beta of 1.52. The firm’s 50-day simple moving average is $14.62 and its 200-day simple moving average is $14.51. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.71 and a current ratio of 1.22.

V.F. (NYSE:VFC) last released its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.04. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.85 billion. V.F. had a negative net margin of 11.39% and a positive return on equity of 10.86%. V.F.’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.15) EPS. On average, analysts anticipate that V.F. will post 0.85 EPS for the current year.

V.F. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 10th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Tuesday, September 10th. V.F.’s payout ratio is -14.40%.

Insider Activity

In related news, Director Richard Carucci purchased 25,000 shares of V.F. stock in a transaction dated Thursday, June 13th. The stock was bought at an average cost of $13.78 per share, with a total value of $344,500.00. Following the purchase, the director now owns 215,130 shares in the company, valued at approximately $2,964,491.40. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Richard Carucci acquired 25,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was acquired at an average price of $13.78 per share, for a total transaction of $344,500.00. Following the completion of the acquisition, the director now directly owns 215,130 shares in the company, valued at approximately $2,964,491.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bracken Darrell bought 75,200 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average cost of $13.26 per share, for a total transaction of $997,152.00. Following the completion of the acquisition, the insider now owns 219,972 shares of the company’s stock, valued at $2,916,828.72. The disclosure for this purchase can be found here. Corporate insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VFC. Eagle Bay Advisors LLC purchased a new position in shares of V.F. in the fourth quarter worth approximately $25,000. Mather Group LLC. purchased a new position in V.F. in the first quarter valued at about $27,000. Allworth Financial LP increased its position in V.F. by 111.5% in the 4th quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock worth $34,000 after purchasing an additional 958 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of V.F. during the 1st quarter valued at about $31,000. Finally, ORG Partners LLC bought a new stake in shares of V.F. in the 4th quarter valued at approximately $40,000. Institutional investors own 86.84% of the company’s stock.

V.F. 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.