VF (NYSE:VFC) Price Target Lowered to $12.00 at Piper Sandler

VF (NYSE:VFC) had its price target trimmed by Piper Sandler from $18.00 to $12.00 in a report released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the textile maker’s stock.

Several other brokerages have also weighed in on VFC. BMO Capital Markets raised their price objective on shares of VF from $14.00 to $25.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price target on shares of VF in a research note on Friday, March 7th. UBS Group upped their price objective on VF from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Argus upgraded VF from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, December 17th. Finally, Barclays upped their price target on VF from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.95.

VF Stock Down 2.9 %

Shares of NYSE VFC opened at $11.11 on Friday. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of -9.33, a PEG ratio of 6.77 and a beta of 1.57. VF has a 1 year low of $9.41 and a 1 year high of $29.02. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56. The stock’s 50-day simple moving average is $19.19 and its 200-day simple moving average is $20.55.

VF (NYSE:VFC) last posted its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same quarter in the prior year, the firm posted $0.57 EPS. As a group, equities analysts anticipate that VF will post 0.73 earnings per share for the current fiscal year.

VF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Monday, March 10th. VF’s payout ratio is currently -30.25%.

Institutional Investors Weigh In On VF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CKW Financial Group raised its holdings in shares of VF by 29.4% in the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of VF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after buying an additional 3,008 shares in the last quarter. TB Alternative Assets Ltd. bought a new position in shares of VF in the fourth quarter valued at $1,878,000. Fiduciary Alliance LLC lifted its position in shares of VF by 16.4% during the 1st quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker’s stock valued at $4,634,000 after acquiring an additional 42,065 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of VF by 1,355.2% during the 1st quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker’s stock worth $6,276,000 after acquiring an additional 376,615 shares in the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

About VF

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.