V.F. Co. (NYSE:VFC) Receives $17.16 Average PT from Brokerages

V.F. Co. (NYSE:VFC - Get Free Report) has earned an average rating of "Hold" from the thirteen brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $17.16.

A number of brokerages recently issued reports on VFC. Wells Fargo & Company cut their price objective on V.F. from $17.00 to $14.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 7th. BNP Paribas reiterated a "neutral" rating and issued a $14.00 price objective (down previously from $18.00) on shares of V.F. in a research note on Friday, April 12th. The Goldman Sachs Group decreased their target price on V.F. from $14.00 to $12.50 and set a "neutral" rating for the company in a research note on Friday, April 26th. Wedbush decreased their target price on V.F. from $15.50 to $13.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, StockNews.com raised V.F. from a "sell" rating to a "hold" rating in a research report on Thursday, February 8th.

V.F. Price Performance

NYSE:VFC traded down $0.11 during midday trading on Wednesday, hitting $12.35. The company's stock had a trading volume of 18,672,276 shares, compared to its average volume of 8,691,938. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.23 and a quick ratio of 0.70. V.F. has a fifty-two week low of $11.91 and a fifty-two week high of $21.17. The firm's 50 day moving average is $13.40 and its 200-day moving average is $15.70.

V.F. (NYSE:VFC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.34). V.F. had a negative net margin of 7.07% and a positive return on equity of 19.03%. The firm had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.42 billion. During the same quarter in the previous year, the business posted $0.17 EPS. The company's revenue for the quarter was down 13.4% on a year-over-year basis. On average, equities analysts anticipate that V.F. will post 1.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On V.F.

Large investors have recently modified their holdings of the stock. Wolff Wiese Magana LLC lifted its holdings in shares of V.F. by 2,835.6% in the 4th quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker's stock worth $25,000 after purchasing an additional 1,276 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of V.F. in the 4th quarter worth $25,000. Mather Group LLC. acquired a new stake in shares of V.F. in the first quarter worth $27,000. Allworth Financial LP boosted its position in shares of V.F. by 111.5% in the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker's stock worth $34,000 after buying an additional 958 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of V.F. in the first quarter worth $31,000. Institutional investors and hedge funds own 86.84% of the company's stock.

About V.F.

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.