Piper Sandler Has Lowered Expectations for VF (NYSE:VFC) Stock Price

VF (NYSE:VFC - Free Report) had its price target lowered by Piper Sandler from $18.00 to $12.00 in a research note published on Friday,Benzinga reports. The brokerage currently has a neutral rating on the textile maker's stock.

Other equities research analysts also recently issued research reports about the company. OTR Global raised VF from a "mixed" rating to a "positive" rating in a report on Friday, January 10th. JPMorgan Chase & Co. upped their price target on shares of VF from $20.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Stifel Nicolaus dropped their price objective on shares of VF from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. The Goldman Sachs Group increased their price objective on VF from $22.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Finally, Robert W. Baird lifted their target price on VF from $23.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, VF has an average rating of "Hold" and a consensus target price of $22.35.

VF Stock Down 4.5 %

Shares of VFC stock traded down $0.49 on Friday, hitting $10.35. The stock had a trading volume of 4,435,620 shares, compared to its average volume of 7,714,552. 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 has a one year low of $9.41 and a one year high of $29.02. The business has a 50 day moving average price of $18.64 and a 200 day moving average price of $20.43. The company has a market cap of $4.03 billion, a PE ratio of -8.70, a P/E/G ratio of 6.77 and a beta of 1.57.

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VF (NYSE:VFC - Get Free Report) last posted its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates 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 last year, the company earned $0.57 earnings per share. Research analysts anticipate that VF will post 0.73 earnings per share for the current fiscal year.

VF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend was Monday, March 10th. VF's dividend payout ratio (DPR) is presently -30.25%.

Institutional Investors Weigh In On VF

Hedge funds and other institutional investors have recently bought and sold shares of the company. CKW Financial Group grew its stake 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 valued at $47,000 after buying an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of VF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker's stock worth $129,000 after purchasing an additional 3,008 shares during the period. Fiduciary Alliance LLC increased its position in shares of VF by 6.8% during the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker's stock worth $5,505,000 after purchasing an additional 16,431 shares during the last quarter. SG Americas Securities LLC acquired a new position in VF in the first quarter valued at about $350,000. Finally, TB Alternative Assets Ltd. purchased a new position in VF during the fourth quarter worth about $1,878,000. 86.84% of the stock is currently owned by institutional investors and hedge funds.

VF Company Profile

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.