VF (NYSE:VFC) Price Target Lowered to $12.00 at Piper Sandler

VF (NYSE:VFC) had its price objective cut by investment analysts at Piper Sandler from $18.00 to $12.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the textile maker’s stock. Piper Sandler’s price target would indicate a potential upside of 8.06% from the company’s previous close.

A number of other brokerages have also recently issued reports on VFC. OTR Global raised shares of VF from a “mixed” rating to a “positive” rating in a research note on Friday, January 10th. Barclays upped their price target on shares of VF from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Needham & Company LLC restated a “buy” rating and set a $28.00 price objective on shares of VF in a research report on Friday, March 7th. Truist Financial restated a “hold” rating and issued a $24.00 target price (up previously from $20.00) on shares of VF in a report on Thursday, January 30th. Finally, The Goldman Sachs Group raised their price objective on shares of VF from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $22.35.

VF Trading Down 2.9 %

Shares of VFC stock opened at $11.11 on Friday. The company has a market capitalization of $4.33 billion, a PE ratio of -9.33, a price-to-earnings-growth ratio of 6.77 and a beta of 1.57. The firm has a 50 day moving average price of $19.19 and a two-hundred day moving average price of $20.55. 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 12-month low of $9.41 and a 12-month high of $29.02.

VF (NYSE:VFC) last issued its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. During the same period in the previous year, the business posted $0.57 earnings per share. As a group, analysts predict that VF will post 0.73 earnings per share for the current year.

Institutional Investors Weigh In On VF

A number of hedge funds have recently made changes to their positions in VFC. GAMMA Investing LLC increased its holdings in VF by 1,355.2% during the first quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker’s stock worth $6,276,000 after buying an additional 376,615 shares during the last quarter. Segall Bryant & Hamill LLC grew its position in shares of VF by 5.8% during the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock valued at $83,153,000 after acquiring an additional 211,440 shares during the period. Rhumbline Advisers increased its stake in shares of VF by 11.0% during the 1st quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker’s stock worth $14,414,000 after purchasing an additional 92,174 shares during the last quarter. TB Alternative Assets Ltd. bought a new stake in shares of VF in the 4th quarter worth approximately $1,878,000. Finally, Fiduciary Alliance LLC lifted its stake in VF by 16.4% in the first quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker’s stock valued at $4,634,000 after purchasing an additional 42,065 shares during the last quarter. 86.84% of the stock is currently owned by institutional investors.

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.