VF (NYSE:VFC - Get Free Report) had its price target decreased by equities researchers at Truist Financial from $24.00 to $13.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a "hold" rating on the textile maker's stock. Truist Financial's price target indicates a potential upside of 6.92% from the company's current price.
VFC has been the topic of several other research reports. Piper Sandler reduced their target price on shares of VF from $18.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group decreased their price objective on shares of VF from $25.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Telsey Advisory Group reiterated a "market perform" rating and set a $17.00 target price on shares of VF in a research note on Wednesday. Jefferies Financial Group raised their price target on VF from $21.00 to $24.00 and gave the company a "hold" rating in a research note on Tuesday, January 28th. Finally, Stifel Nicolaus lowered their price objective on VF from $35.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $18.10.
Read Our Latest Analysis on VF
VF Price Performance
VF stock opened at $12.16 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. VF has a 52-week low of $9.41 and a 52-week high of $29.02. The firm has a market cap of $4.74 billion, a PE ratio of -10.15, a price-to-earnings-growth ratio of 6.77 and a beta of 1.68. The company's 50 day moving average is $13.21 and its two-hundred day moving average is $19.18.
VF (NYSE:VFC - Get Free Report) last released its earnings results on Wednesday, May 21st. The textile maker reported ($0.13) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.01. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the business posted ($0.32) earnings per share. VF's revenue was down 4.6% compared to the same quarter last year. On average, research analysts expect that VF will post 0.73 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. CKW Financial Group raised its holdings in shares of VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock valued at $47,000 after buying an additional 500 shares during the last quarter. SG Americas Securities LLC purchased a new stake in VF during the 1st quarter valued at approximately $350,000. Entropy Technologies LP acquired a new stake in VF during the 1st quarter worth approximately $749,000. Amalgamated Bank grew its stake in shares of VF by 46.2% in the 1st quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock valued at $2,365,000 after purchasing an additional 48,151 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of VF by 11.1% in the first 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 during the period. 86.84% of the stock is owned by hedge funds and other institutional investors.
About VF
(
Get Free Report)
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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