V.F. (NYSE:VFC) Raised to Hold at Argus

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

A number of other equities analysts have also commented on the company. TD Cowen raised their price objective on V.F. from $9.00 to $16.00 and gave the stock a hold rating in a research note on Tuesday, August 6th. The Goldman Sachs Group cut their target price on V.F. from $12.50 to $11.00 and set a neutral rating for the company in a research note on Thursday, May 23rd. BMO Capital Markets raised their price objective on V.F. from $13.00 to $14.00 and gave the company a market perform rating in a research note on Wednesday, August 7th. Telsey Advisory Group lifted their price target on shares of V.F. from $15.00 to $19.00 and gave the company a market perform rating in a report on Wednesday, August 7th. Finally, Bank of America dropped their price objective on shares of V.F. from $13.00 to $11.00 and set an underperform rating for the company in a research note on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $15.50.

V.F. Stock Performance

NYSE VFC opened at $18.21 on Wednesday. The firm has a market capitalization of $7.09 billion, a P/E ratio of -7.28, a price-to-earnings-growth ratio of 1.83 and a beta of 1.52. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84. The firm’s fifty day moving average price is $15.65 and its two-hundred day moving average price is $14.58. V.F. has a 1 year low of $11.00 and a 1 year high of $20.69.

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

V.F. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.98%. V.F.’s dividend payout ratio is presently -14.40%.

Insiders Place Their Bets

In related news, insider Bracken Darrell acquired 75,200 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was purchased at an average cost of $13.26 per share, with a total value of $997,152.00. Following the acquisition, the insider now owns 219,972 shares of the company’s stock, valued at approximately $2,916,828.72. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Richard Carucci acquired 25,000 shares of V.F. stock in a transaction on Thursday, June 13th. The stock was acquired at an average cost of $13.78 per share, with a total value of $344,500.00. Following the transaction, the director now owns 215,130 shares of the company’s stock, valued at approximately $2,964,491.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bracken Darrell acquired 75,200 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was purchased at an average price of $13.26 per share, with a total value of $997,152.00. Following the purchase, the insider now owns 219,972 shares in the company, valued at approximately $2,916,828.72. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 115,200 shares of company stock worth $1,592,152. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On V.F.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky raised its stake in shares of V.F. by 90.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock valued at $2,737,000 after buying an additional 96,442 shares during the period. Algert Global LLC purchased a new stake in V.F. in the 2nd quarter worth about $449,000. Susquehanna Fundamental Investments LLC raised its stake in V.F. by 39.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 572,762 shares of the textile maker’s stock valued at $7,732,000 after acquiring an additional 161,502 shares during the period. Smith Thornton Advisors LLC bought a new position in V.F. during the second quarter worth about $436,000. Finally, Scientech Research LLC boosted its position in V.F. by 220.1% during the second quarter. Scientech Research LLC now owns 93,861 shares of the textile maker’s stock worth $1,267,000 after purchasing an additional 64,541 shares during the period. 86.84% of the stock is owned by hedge funds and other 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 accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.