StockNews.com Downgrades V.F. (NYSE:VFC) to Sell

V.F. (NYSE:VFCGet Free Report) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

A number of other research firms have also recently weighed in on VFC. Robert W. Baird lowered their price target on shares of V.F. from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday. Wells Fargo & Company lowered their target price on V.F. from $14.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday. UBS Group cut their price target on V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Citigroup decreased their price objective on V.F. from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus lowered their target price on shares of V.F. from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.44.

Get Our Latest Stock Report on VFC

V.F. Stock Performance

NYSE:VFC traded up $0.37 during mid-day trading on Monday, reaching $12.34. 20,023,400 shares of the stock were exchanged, compared to its average volume of 8,988,767. The company has a 50 day simple moving average of $13.20 and a 200-day simple moving average of $15.60. V.F. has a 1 year low of $11.00 and a 1 year high of $21.17. The stock has a market capitalization of $4.80 billion, a P/E ratio of -4.94, a P/E/G ratio of 0.84 and a beta of 1.49. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 2.84.

V.F. (NYSE:VFCGet Free Report) last announced its quarterly earnings data on Wednesday, May 22nd. The textile maker reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34). The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.42 billion. V.F. had a positive return on equity of 13.14% and a negative net margin of 9.27%. The firm’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS. Analysts anticipate that V.F. will post 0.96 earnings per share for the current fiscal year.

Institutional Trading of V.F.

Several large investors have recently modified their holdings of the business. Wolff Wiese Magana LLC boosted its holdings in V.F. by 2,835.6% in the fourth quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 1,276 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of V.F. during the fourth quarter worth approximately $25,000. Mather Group LLC. acquired a new stake in shares of V.F. during the first quarter worth approximately $27,000. Allworth Financial LP increased its stake 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 last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in V.F. in the first quarter valued at $31,000. 86.84% of the stock is currently owned by institutional investors and hedge funds.

About V.F.

(Get Free Report)

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories 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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Analyst Recommendations for V.F. (NYSE:VFC)

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