V.F. (NYSE:VFC) Price Target Cut to $13.00

V.F. (NYSE:VFC) had its target price cut by equities research analysts at Robert W. Baird from $16.00 to $13.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the textile maker’s stock. Robert W. Baird’s target price suggests a potential upside of 5.39% from the company’s previous close.

A number of other research firms also recently commented on VFC. Stifel Nicolaus dropped their price objective on V.F. from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday. BMO Capital Markets dropped their price target on V.F. from $18.00 to $13.00 and set a “market perform” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. lowered their target price on V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, April 8th. TD Cowen lowered their target price on V.F. from $14.00 to $9.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Citigroup lowered their price objective on V.F. from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.44.

V.F. Trading Up 3.0 %

NYSE:VFC opened at $12.34 on Thursday. V.F. has a 12-month low of $11.00 and a 12-month high of $21.17. The firm has a market capitalization of $4.80 billion, a P/E ratio of -4.93, a P/E/G ratio of 1.43 and a beta of 1.49. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.23 and a quick ratio of 0.70. The business has a 50 day simple moving average of $13.24 and a 200 day simple moving average of $15.62.

V.F. (NYSE:VFC) last announced its quarterly earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34). V.F. had a positive return on equity of 12.18% and a negative net margin of 9.27%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the firm posted $0.17 EPS. The company’s revenue was down 13.4% compared to the same quarter last year. Equities research analysts predict that V.F. will post 1.31 EPS 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 stock. Yousif Capital Management LLC increased its stake in shares of V.F. by 1.5% in the 3rd quarter. Yousif Capital Management LLC now owns 59,071 shares of the textile maker’s stock valued at $1,044,000 after buying an additional 880 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of V.F. by 8.8% in the third quarter. Daiwa Securities Group Inc. now owns 29,244 shares of the textile maker’s stock valued at $517,000 after purchasing an additional 2,362 shares in the last quarter. SteelPeak Wealth LLC bought a new stake in shares of V.F. in the third quarter valued at about $227,000. Empower Advisory Group LLC lifted its holdings in shares of V.F. by 14.0% in the third quarter. Empower Advisory Group LLC now owns 397,256 shares of the textile maker’s stock valued at $7,020,000 after purchasing an additional 48,754 shares in the last quarter. Finally, Ieq Capital LLC bought a new stake in shares of V.F. in the third quarter valued at about $233,000. Institutional investors own 86.84% of the company’s stock.

V.F. Company Profile

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.