Stifel Nicolaus Lowers V.F. (NYSE:VFC) Price Target to $22.00

V.F. (NYSE:VFCGet Free Report) had its target price lowered by research analysts at Stifel Nicolaus from $24.00 to $22.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. Stifel Nicolaus’ target price suggests a potential upside of 43.32% from the company’s current price.

Several other research analysts have also issued reports on the company. JPMorgan Chase & Co. upgraded V.F. from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $15.00 to $19.00 in a research report on Wednesday, November 15th. Evercore ISI assumed coverage on V.F. in a research note on Tuesday, November 7th. They issued an “inline” rating and a $17.00 price target on the stock. UBS Group lowered their target price on V.F. from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday. TheStreet downgraded V.F. from a “c-” rating to a “d+” rating in a research report on Monday, October 30th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $22.00 price target on shares of V.F. in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.70.

Get Our Latest Research Report on V.F.

V.F. Price Performance

Shares of NYSE:VFC opened at $15.35 on Wednesday. The business has a 50 day moving average price of $17.53 and a 200 day moving average price of $17.71. V.F. has a twelve month low of $12.85 and a twelve month high of $29.03. The company has a market cap of $5.97 billion, a price-to-earnings ratio of -7.79, a PEG ratio of 1.75 and a beta of 1.50. The company has a quick ratio of 0.78, a current ratio of 1.48 and a debt-to-equity ratio of 2.56.

V.F. (NYSE:VFCGet Free Report) last issued its earnings results on Tuesday, February 6th. The textile maker reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period in the previous year, the company posted $1.12 earnings per share. The company’s quarterly revenue was down 16.2% on a year-over-year basis. Research analysts predict that V.F. will post 1.47 earnings per share for the current year.

Hedge Funds Weigh In On V.F.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its stake in V.F. by 785.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 62,420 shares of the textile maker’s stock worth $1,173,000 after buying an additional 55,371 shares in the last quarter. Jackson Square Partners LLC purchased a new stake in V.F. in the fourth quarter worth about $46,646,000. Panagora Asset Management Inc. grew its holdings in V.F. by 11.6% in the fourth quarter. Panagora Asset Management Inc. now owns 30,134 shares of the textile maker’s stock worth $567,000 after purchasing an additional 3,140 shares during the period. M. Kulyk & Associates LLC grew its holdings in V.F. by 13.9% in the fourth quarter. M. Kulyk & Associates LLC now owns 195,232 shares of the textile maker’s stock worth $3,670,000 after purchasing an additional 23,762 shares during the period. Finally, Baader Bank Aktiengesellschaft grew its holdings in V.F. by 25.2% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 32,200 shares of the textile maker’s stock worth $602,000 after purchasing an additional 6,491 shares during the period. 80.81% of the stock is owned by institutional investors.

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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