Stifel Nicolaus Lowers VF (NYSE:VFC) Price Target to $15.00

VF (NYSE:VFC - Get Free Report) had its price target dropped by analysts at Stifel Nicolaus from $28.00 to $15.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the textile maker's stock. Stifel Nicolaus' price objective points to a potential upside of 25.19% from the company's previous close.

Other research analysts have also issued research reports about the company. Wells Fargo & Company reduced their price objective on VF from $13.00 to $12.00 and set an "equal weight" rating for the company in a research report on Thursday. UBS Group lifted their target price on VF from $12.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday. Piper Sandler lowered their price target on VF from $18.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Citigroup lowered shares of VF from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $30.00 to $12.00 in a research note on Monday, April 7th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $17.00 price objective on shares of VF in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, VF currently has a consensus rating of "Hold" and a consensus target price of $16.95.

VF Trading Down 1.4%

Shares of VFC traded down $0.17 during trading hours on Thursday, hitting $11.98. The stock had a trading volume of 1,562,194 shares, compared to its average volume of 7,977,124. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56. VF has a 12-month low of $9.41 and a 12-month high of $29.02. The firm has a market cap of $4.67 billion, a P/E ratio of -10.09, a P/E/G ratio of 6.77 and a beta of 1.68. The company's fifty day simple moving average is $13.21 and its 200 day simple moving average is $19.18.

VF (NYSE:VFC - Get Free Report) last posted its earnings results on Wednesday, May 21st. The textile maker reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.14) by $0.01. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. The business had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the previous year, the company posted ($0.32) earnings per share. The business's revenue for the quarter was down 4.6% compared to the same quarter last year. Equities research analysts forecast that VF will post 0.73 EPS for the current fiscal year.

Institutional Trading of VF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VFC. CKW Financial Group lifted its position in shares of VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock worth $47,000 after buying an additional 500 shares during the period. SG Americas Securities LLC acquired a new stake in shares of VF during the first quarter worth approximately $350,000. Entropy Technologies LP acquired a new position in shares of VF in the 1st quarter worth approximately $749,000. Amalgamated Bank grew its position in VF by 46.2% during the 1st quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock worth $2,365,000 after acquiring an additional 48,151 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in VF by 11.1% during the 1st quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker's stock valued at $4,306,000 after purchasing an additional 27,727 shares in the last quarter. Institutional investors own 86.84% of the company's stock.

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.

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