V.F. (NYSE:VFC) Price Target Lowered to $14.00 at Wells Fargo & Company

V.F. (NYSE:VFCFree Report) had its price target decreased by Wells Fargo & Company from $17.00 to $14.00 in a research report report published on Wednesday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the textile maker’s stock.

VFC has been the subject of several other reports. BMO Capital Markets lowered their price objective on shares of V.F. from $22.00 to $18.00 and set a market perform rating for the company in a report on Tuesday, October 31st. Wedbush lowered their price objective on shares of V.F. from $16.50 to $15.50 and set a neutral rating for the company in a report on Wednesday. The Goldman Sachs Group lowered shares of V.F. from a buy rating to a neutral rating and lowered their target price for the company from $19.00 to $14.00 in a report on Wednesday. Evercore ISI assumed coverage on V.F. in a research report on Tuesday, November 7th. They issued an inline rating and a $17.00 price target on the stock. Finally, Williams Trading reissued a sell rating on shares of V.F. in a research report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $18.83.

View Our Latest Research Report on VFC

V.F. Stock Down 9.7 %

NYSE VFC opened at $15.31 on Wednesday. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.48 and a quick ratio of 0.78. V.F. has a 1 year low of $12.85 and a 1 year high of $29.12. The business’s 50-day moving average is $17.56 and its 200 day moving average is $17.73.

V.F. (NYSE:VFCGet Free Report) last posted its earnings results on Tuesday, February 6th. The textile maker reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.22). V.F. had a positive return on equity of 18.11% and a negative net margin of 7.07%. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the previous year, the business earned $1.12 earnings per share. The firm’s revenue for the quarter was down 16.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that V.F. will post 1.47 EPS for the current fiscal year.

Insider Transactions at V.F.

In related news, Director Matthew J. Shattock acquired 20,000 shares of V.F. stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of $14.58 per share, for a total transaction of $291,600.00. Following the purchase, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $583,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of V.F. by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock valued at $728,708,000 after purchasing an additional 475,239 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of V.F. by 1.1% in the 3rd quarter. Northern Trust Corp now owns 23,758,761 shares of the textile maker’s stock valued at $419,817,000 after acquiring an additional 257,992 shares during the last quarter. State Street Corp lifted its holdings in shares of V.F. by 0.9% in the 1st quarter. State Street Corp now owns 18,079,811 shares of the textile maker’s stock valued at $1,028,018,000 after acquiring an additional 161,526 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of V.F. by 97,005.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 15,843,788 shares of the textile maker’s stock valued at $437,447,000 after acquiring an additional 15,827,472 shares during the last quarter. Finally, Capital International Investors lifted its holdings in shares of V.F. by 10.8% in the 2nd quarter. Capital International Investors now owns 9,675,827 shares of the textile maker’s stock valued at $184,712,000 after acquiring an additional 943,280 shares during the last quarter. Institutional investors own 80.81% of the company’s stock.

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 related products 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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