V.F.'s (VFC) "Neutral" Rating Reaffirmed at BNP Paribas

V.F. (NYSE:VFC - Get Free Report)'s stock had its "neutral" rating reissued by stock analysts at BNP Paribas in a note issued to investors on Friday, Marketbeat.com reports. They currently have a $14.00 price objective on the textile maker's stock, down from their prior price objective of $18.00. BNP Paribas' target price points to a potential upside of 15.61% from the company's previous close.

VFC has been the subject of a number of other reports. The Goldman Sachs Group lowered shares of V.F. from a "buy" rating to a "neutral" rating and lowered their target price for the company from $19.00 to $14.00 in a research note on Wednesday, February 7th. Williams Trading reiterated a "sell" rating on shares of V.F. in a research report on Thursday, January 25th. Wedbush lowered their price objective on V.F. from $16.50 to $15.50 and set a "neutral" rating on the stock in a research report on Wednesday, February 7th. UBS Group lowered their price target on V.F. from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, February 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of V.F. from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $17.97.

V.F. Stock Performance

Shares of NYSE VFC traded down $1.02 during midday trading on Friday, hitting $12.11. 15,922,768 shares of the stock traded hands, compared to its average volume of 9,452,200. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23. V.F. has a one year low of $12.02 and a one year high of $23.58. The firm has a market capitalization of $4.71 billion, a P/E ratio of -6.25, a PEG ratio of 1.47 and a beta of 1.47. The firm has a 50-day moving average of $15.39 and a two-hundred day moving average of $16.50.

V.F. (NYSE:VFC - Get Free Report) last posted its earnings results on Tuesday, February 6th. The textile maker reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.22). V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The firm had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $3.24 billion. During the same quarter in the prior year, the firm posted $1.12 earnings per share. V.F.'s quarterly revenue was down 16.2% on a year-over-year basis. On average, equities analysts forecast that V.F. will post 1.11 EPS for the current fiscal year.

Insider Transactions at V.F.

In related news, Director Juliana L. Chugg bought 11,301 shares of the company's stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average price of $17.55 per share, for a total transaction of $198,332.55. Following the acquisition, the director now owns 26,301 shares of the company's stock, valued at $461,582.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other V.F. news, Director Juliana L. Chugg acquired 11,301 shares of the stock in a transaction dated Monday, February 12th. The stock was acquired at an average price of $17.55 per share, with a total value of $198,332.55. Following the completion of the purchase, the director now owns 26,301 shares in the company, valued at approximately $461,582.55. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bracken Darrell bought 65,360 shares of the business's stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $15.38 per share, for a total transaction of $1,005,236.80. Following the completion of the purchase, the insider now owns 144,281 shares in the company, valued at $2,219,041.78. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd increased its position in V.F. by 106.9% in the 1st quarter. Point72 Hong Kong Ltd now owns 1,131 shares of the textile maker's stock valued at $64,000 after acquiring an additional 17,451 shares during the period. Wolff Wiese Magana LLC lifted its stake 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 acquiring an additional 1,276 shares during the period. Eagle Bay Advisors LLC purchased a new position in V.F. during the fourth quarter worth about $25,000. West Tower Group LLC acquired a new stake in V.F. in the fourth quarter valued at about $27,000. Finally, International Assets Investment Management LLC acquired a new position in V.F. during the third quarter worth $27,000. Institutional investors and hedge funds own 86.84% of the company's stock.

V.F. Company Profile

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.