VF (NYSE:VFC) Given a $16.00 Price Target at Barclays

Barclays set a $16.00 price objective on VF (NYSE:VFC) in a research report released on Thursday morning, Marketbeat reports. The brokerage currently has an overweight rating on the textile maker’s stock.

VFC has been the subject of a number of other research reports. JPMorgan Chase & Co. reduced their target price on VF from $25.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, May 19th. Truist Financial reduced their target price on VF from $24.00 to $13.00 and set a “hold” rating for the company in a report on Thursday. Citigroup lowered VF from a “buy” rating to a “neutral” rating and reduced their target price for the company from $30.00 to $12.00 in a report on Monday, April 7th. Telsey Advisory Group restated a “market perform” rating and issued a $17.00 target price on shares of VF in a report on Wednesday. Finally, The Goldman Sachs Group cut their price objective on VF from $25.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Sixteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, VF currently has an average rating of “Hold” and a consensus target price of $16.21.

VF Price Performance

VFC opened at $11.98 on Thursday. The stock has a fifty day moving average of $13.04 and a 200-day moving average of $19.04. The firm has a market capitalization of $4.67 billion, a P/E ratio of -10.07, a PEG ratio of 6.77 and a beta of 1.68. VF has a 12-month low of $9.41 and a 12-month high of $29.02. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31.

VF (NYSE:VFC) last released its earnings results on Wednesday, May 21st. The textile maker reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.17 billion. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.32) earnings per share. Equities analysts forecast that VF will post 0.73 EPS for the current fiscal year.

VF Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.01%. The ex-dividend date is Tuesday, June 10th. VF’s payout ratio is -30.25%.

Hedge Funds Weigh In On VF

Hedge funds have recently bought and sold shares of the business. CKW Financial Group increased its position in VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after buying an additional 500 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of VF in the first quarter valued at about $350,000. Entropy Technologies LP acquired a new stake in shares of VF in the first quarter valued at about $749,000. Amalgamated Bank grew its position in shares of VF by 46.2% in the first quarter. Amalgamated Bank now owns 152,410 shares of the textile maker’s stock valued at $2,365,000 after purchasing an additional 48,151 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of VF by 11.1% in the first quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker’s stock valued at $4,306,000 after purchasing an additional 27,727 shares during 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.