V.F. (NYSE:VFC) Price Target Cut to $12.50

V.F. (NYSE:VFC) had its price target reduced by stock analysts at The Goldman Sachs Group from $14.00 to $12.50 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. The Goldman Sachs Group’s price objective would indicate a potential downside of 1.11% from the stock’s current price.

Several other research analysts also recently issued reports on the company. Wedbush cut their price objective on V.F. from $16.50 to $15.50 and set a “neutral” rating for the company in a research report on Wednesday, February 7th. UBS Group cut their price objective on V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, February 5th. Stifel Nicolaus restated a “buy” rating and set a $22.00 price objective on shares of V.F. in a research report on Tuesday, April 9th. Wells Fargo & Company cut their price objective on V.F. from $17.00 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Finally, StockNews.com upgraded V.F. from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.88.

V.F. Price Performance

VFC stock opened at $12.64 on Friday. The firm has a 50 day moving average of $14.55 and a 200-day moving average of $16.18. V.F. has a 12-month low of $11.91 and a 12-month high of $23.55. The company has a current ratio of 1.23, a quick ratio of 0.70 and a debt-to-equity ratio of 2.25. The company has a market cap of $4.91 billion, a price-to-earnings ratio of -6.42, a PEG ratio of 1.41 and a beta of 1.47.

V.F. (NYSE:VFC) last posted its quarterly 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 negative net margin of 7.07% and a positive return on equity of 19.03%. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the business posted $1.12 earnings per share. V.F.’s revenue was down 16.2% on a year-over-year basis. As a group, equities analysts expect that V.F. will post 1.1 EPS for the current fiscal year.

Insider Activity

In related news, Director Juliana L. Chugg acquired 11,301 shares of the stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $17.55 per share, with a total value of $198,332.55. Following the purchase, the director now directly owns 26,301 shares of the company’s stock, valued at $461,582.55. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Juliana L. Chugg acquired 11,301 shares of the stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $17.55 per share, with a total value of $198,332.55. Following the purchase, the director now directly owns 26,301 shares of the company’s stock, valued at $461,582.55. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Bracken Darrell acquired 65,360 shares of the stock in a transaction dated Friday, February 9th. The shares were bought at an average cost of $15.38 per share, with a total value of $1,005,236.80. Following the completion of the purchase, the insider now directly owns 144,281 shares in the company, valued at $2,219,041.78. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of V.F.

A number of institutional investors have recently added to or reduced their stakes in VFC. Wolff Wiese Magana LLC boosted its position in V.F. by 2,835.6% during the 4th quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock worth $25,000 after purchasing an additional 1,276 shares during the period. Eagle Bay Advisors LLC purchased a new stake in V.F. during the 4th quarter worth $25,000. Mather Group LLC. purchased a new stake in V.F. during the 1st quarter worth $27,000. Future Financial Wealth Managment LLC purchased a new stake in V.F. during the 1st quarter worth $31,000. Finally, Allworth Financial LP boosted its position in V.F. by 111.5% during the 4th quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock worth $34,000 after purchasing an additional 958 shares during the period. 86.84% of the stock is owned by hedge funds and other institutional investors.

About V.F.

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.