The Goldman Sachs Group Lowers VF (NYSE:VFC) Price Target to $12.00

VF (NYSE:VFC) had its target price decreased by stock analysts at The Goldman Sachs Group from $25.00 to $12.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the textile maker’s stock. The Goldman Sachs Group’s price target suggests a potential upside of 8.11% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Stifel Nicolaus cut their target price on VF from $35.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. UBS Group lifted their price objective on shares of VF from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Robert W. Baird increased their target price on shares of VF from $23.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. BMO Capital Markets lifted their price target on shares of VF from $14.00 to $25.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Finally, Truist Financial reiterated a “hold” rating and set a $24.00 price objective (up previously from $20.00) on shares of VF in a 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, the company presently has a consensus rating of “Hold” and a consensus price target of $21.70.

VF Trading Up 1.7 %

NYSE:VFC opened at $11.10 on Tuesday. The firm has a 50-day simple moving average of $16.97 and a 200-day simple moving average of $20.04. VF has a one year low of $9.41 and a one year high of $29.02. The firm has a market cap of $4.32 billion, a P/E ratio of -9.33, a P/E/G ratio of 6.77 and a beta of 1.57. 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 (NYSE:VFC) last posted its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same quarter last year, the company earned $0.57 earnings per share. Equities analysts anticipate that VF will post 0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On VF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Fiduciary Alliance LLC grew its position in VF by 6.8% during the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after buying an additional 16,431 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of VF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after acquiring an additional 3,008 shares in the last quarter. TB Alternative Assets Ltd. acquired a new stake in shares of VF during the 4th quarter valued at about $1,878,000. CKW Financial Group increased its stake in shares of VF by 29.4% in the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 500 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in VF by 5.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock worth $83,153,000 after purchasing an additional 211,440 shares during the period. Institutional investors and hedge funds 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.