Vetr Inc. Lowers VF Corp (VFC) to Strong Sell

VF Corp (NYSE:VFC) was downgraded by research analysts at Vetr from a “sell” rating to a “strong sell” rating in a research report issued on Tuesday, April 18th. They presently have a $49.00 price target on the textile maker’s stock. Vetr‘s price objective suggests a potential downside of 5.33% from the company’s current price.

Several other equities analysts have also issued reports on VFC. B. Riley restated a “neutral” rating and issued a $53.00 target price on shares of VF Corp in a report on Monday, April 3rd. Canaccord Genuity set a $53.00 target price on shares of VF Corp and gave the company a “hold” rating in a report on Saturday, April 1st. Piper Jaffray Companies set a $52.00 target price on shares of VF Corp and gave the company a “hold” rating in a report on Saturday, February 18th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $47.00 price objective on shares of VF Corp in a report on Thursday, February 9th. Finally, Forward View reiterated a “sell” rating on shares of VF Corp in a report on Monday, January 23rd. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have assigned a buy rating to the stock. VF Corp presently has a consensus rating of “Hold” and an average target price of $56.44.

Analyst Recommendations for VF Corp (NYSE:VFC)

VF Corp (NYSE:VFC) traded up 1.20% on Tuesday, reaching $52.38. The company’s stock had a trading volume of 1,949,057 shares. The firm’s 50 day moving average is $54.62 and its 200-day moving average is $53.84. The firm has a market cap of $20.98 billion, a P/E ratio of 21.35 and a beta of 0.81. VF Corp has a 12 month low of $48.05 and a 12 month high of $65.28.

VF Corp (NYSE:VFC) last released its earnings results on Friday, April 28th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.73 billion. VF Corp had a net margin of 9.23% and a return on equity of 26.26%. VF Corp’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 earnings per share. On average, equities research analysts anticipate that VF Corp will post $2.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 19th. Investors of record on Friday, June 9th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, June 7th. VF Corp’s payout ratio is currently 63.64%.

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Hedge funds have recently made changes to their positions in the stock. Keel Point LLC boosted its stake in shares of VF Corp by 0.4% in the first quarter. Keel Point LLC now owns 4,383 shares of the textile maker’s stock worth $241,000 after buying an additional 19 shares during the last quarter. Haverford Trust Co. boosted its stake in shares of VF Corp by 0.7% in the first quarter. Haverford Trust Co. now owns 5,163 shares of the textile maker’s stock worth $284,000 after buying an additional 34 shares during the last quarter. Zions Bancorporation boosted its stake in VF Corp by 1.5% in the first quarter. Zions Bancorporation now owns 2,575 shares of the textile maker’s stock valued at $140,000 after buying an additional 38 shares in the last quarter. Wagner Bowman Management Corp boosted its stake in VF Corp by 0.5% in the first quarter. Wagner Bowman Management Corp now owns 10,323 shares of the textile maker’s stock valued at $567,000 after buying an additional 50 shares in the last quarter. Finally, Cleararc Capital Inc. boosted its stake in VF Corp by 0.7% in the first quarter. Cleararc Capital Inc. now owns 8,096 shares of the textile maker’s stock valued at $445,000 after buying an additional 53 shares in the last quarter.

About VF Corp

V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.

5 Day Chart for NYSE:VFC

To view Vetr’s full report, visit Vetr’s official website.

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