JPMorgan Chase & Co. Cuts VF (NYSE:VFC) Price Target to $18.00

VF (NYSE:VFC) had its price objective cut by JPMorgan Chase & Co. from $25.00 to $18.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

Other analysts have also issued research reports about the company. Stifel Nicolaus lowered their target price on VF from $35.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Barclays dropped their price objective on VF from $34.00 to $19.00 and set an “overweight” rating on the stock in a research report on Monday, May 12th. The Goldman Sachs Group decreased their price target on shares of VF from $25.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Citigroup cut shares of VF from a “buy” rating to a “neutral” rating and lowered their price target for the company from $30.00 to $12.00 in a report on Monday, April 7th. Finally, 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. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, VF has an average rating of “Hold” and an average target price of $18.70.

VF Price Performance

VFC opened at $12.18 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. The business has a fifty day moving average of $13.21 and a 200 day moving average of $19.18. VF has a 52-week low of $9.41 and a 52-week high of $29.02. The stock has a market cap of $4.74 billion, a P/E ratio of -10.23, a PEG ratio of 6.77 and a beta of 1.68.

VF (NYSE:VFC) last posted its quarterly earnings results on Wednesday, May 21st. The textile maker reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.17 billion. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.32) earnings per share. As a group, sell-side analysts anticipate that VF will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. CKW Financial Group grew its position in VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 shares during the period. SG Americas Securities LLC purchased a new stake in shares of VF during the 1st quarter worth about $350,000. Entropy Technologies LP acquired a new stake in shares of VF during the 1st quarter valued at about $749,000. TB Alternative Assets Ltd. purchased a new position in shares of VF in the 4th quarter valued at about $1,878,000. Finally, Amalgamated Bank raised its holdings in VF by 46.2% in the 1st quarter. Amalgamated Bank now owns 152,410 shares of the textile maker’s stock worth $2,365,000 after purchasing an additional 48,151 shares during the period. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

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.