V.F. (NYSE:VFC) PT Lowered to $12.50

V.F. (NYSE:VFC) had its price target cut by stock analysts at The Goldman Sachs Group from $14.00 to $12.50 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the textile maker’s stock. The Goldman Sachs Group’s target price would suggest a potential downside of 2.42% from the stock’s current price.

Several other brokerages have also issued reports on VFC. Williams Trading restated a “sell” rating on shares of V.F. in a research note on Thursday, January 25th. Telsey Advisory Group restated an “outperform” rating and issued a $22.00 price objective on shares of V.F. in a report on Tuesday, January 30th. StockNews.com upgraded shares of V.F. from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. UBS Group dropped their price objective on shares of V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Finally, BNP Paribas reiterated a “neutral” rating and issued a $14.00 target price (down previously from $18.00) on shares of V.F. in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $17.88.

V.F. Stock Performance

NYSE VFC traded up $0.19 during trading hours on Friday, reaching $12.81. The stock had a trading volume of 2,834,548 shares, compared to its average volume of 9,150,094. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23. V.F. has a 52-week low of $11.91 and a 52-week high of $23.55. The stock has a fifty day moving average of $14.63 and a 200 day moving average of $16.20. The stock has a market cap of $4.98 billion, a P/E ratio of -6.49, a price-to-earnings-growth ratio of 1.45 and a beta of 1.47.

V.F. (NYSE:VFC) last released its quarterly earnings results on Tuesday, February 6th. The textile maker reported $0.57 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.22). The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.24 billion. V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. V.F.’s revenue for the quarter was down 16.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.12 EPS. Sell-side analysts predict that V.F. will post 1.1 earnings per share for the current year.

Insider Activity

In related news, insider Bracken Darrell purchased 65,360 shares of V.F. stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $15.38 per share, for a total transaction of $1,005,236.80. Following the completion of the transaction, the insider now owns 144,281 shares in the company, valued at $2,219,041.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other V.F. news, insider Bracken Darrell bought 65,360 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average cost of $15.38 per share, for a total transaction of $1,005,236.80. Following the completion of the transaction, the insider now directly owns 144,281 shares of the company’s stock, valued at approximately $2,219,041.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Juliana L. Chugg purchased 11,301 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of $17.55 per share, for a total transaction of $198,332.55. Following the completion of the purchase, the director now directly owns 26,301 shares in the company, valued at $461,582.55. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On V.F.

Several large investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in V.F. during the fourth quarter worth $76,059,000. Jackson Square Partners LLC bought a new position in shares of V.F. during the fourth quarter valued at approximately $46,646,000. M&G Investment Management Ltd. lifted its holdings in shares of V.F. by 19.4% during the 4th quarter. M&G Investment Management Ltd. now owns 12,413,169 shares of the textile maker’s stock valued at $235,850,000 after purchasing an additional 2,016,470 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of V.F. by 48.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,098,812 shares of the textile maker’s stock valued at $54,756,000 after acquiring an additional 1,004,583 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of V.F. by 559.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,113,192 shares of the textile maker’s stock valued at $19,670,000 after buying an additional 944,449 shares during the period. Institutional investors and hedge funds 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.