JPMorgan Chase & Co. Lowers V.F. (NYSE:VFC) Price Target to $27.00

V.F. (NYSE:VFCGet Rating) had its price objective trimmed by JPMorgan Chase & Co. from $29.00 to $27.00 in a report released on Tuesday morning, The Fly reports. The brokerage currently has an underweight rating on the textile maker’s stock.

A number of other brokerages also recently weighed in on VFC. Citigroup cut their price target on shares of V.F. from $47.00 to $35.00 and set a neutral rating for the company in a report on Thursday, September 29th. Wedbush cut their price target on shares of V.F. from $35.00 to $29.00 in a report on Thursday, October 27th. Stifel Nicolaus cut their price target on shares of V.F. from $43.00 to $35.00 in a report on Thursday, September 29th. UBS Group reduced their price objective on shares of V.F. from $51.00 to $35.00 and set a neutral rating for the company in a research note on Thursday, October 6th. Finally, Cowen reduced their price objective on shares of V.F. from $50.00 to $36.00 in a research note on Friday, September 30th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, V.F. currently has a consensus rating of Hold and an average price target of $42.75.

V.F. Price Performance

Shares of NYSE VFC opened at $33.48 on Tuesday. V.F. has a twelve month low of $26.46 and a twelve month high of $78.17. The company has a current ratio of 1.06, a quick ratio of 0.55 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $13.01 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.34 and a beta of 1.36. The firm has a 50-day moving average of $30.68 and a two-hundred day moving average of $40.26.

V.F. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Monday, December 12th will be issued a $0.51 dividend. This is an increase from V.F.’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, December 9th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.09%. V.F.’s dividend payout ratio is currently 185.19%.

Hedge Funds Weigh In On V.F.

A number of hedge funds have recently added to or reduced their stakes in the company. Mycio Wealth Partners LLC increased its holdings in V.F. by 0.9% in the first quarter. Mycio Wealth Partners LLC now owns 25,533 shares of the textile maker’s stock worth $1,452,000 after buying an additional 219 shares during the last quarter. Kentucky Retirement Systems grew its holdings in V.F. by 1.1% during the first quarter. Kentucky Retirement Systems now owns 20,575 shares of the textile maker’s stock valued at $1,170,000 after purchasing an additional 224 shares during the last quarter. B. Metzler seel. Sohn & Co. AG grew its holdings in V.F. by 0.6% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 37,842 shares of the textile maker’s stock valued at $2,152,000 after purchasing an additional 234 shares during the last quarter. Ieq Capital LLC grew its holdings in V.F. by 4.1% during the second quarter. Ieq Capital LLC now owns 5,929 shares of the textile maker’s stock valued at $262,000 after purchasing an additional 235 shares during the last quarter. Finally, Lumature Wealth Partners LLC boosted its position in shares of V.F. by 6.0% in the first quarter. Lumature Wealth Partners LLC now owns 4,153 shares of the textile maker’s stock valued at $236,000 after acquiring an additional 236 shares during the period. Institutional investors and hedge funds own 87.01% of the company’s stock.

About V.F.

(Get Rating)

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.

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