Stifel Nicolaus Issues Pessimistic Forecast for VF (NYSE:VFC) Stock Price

VF (NYSE:VFC) had its target price reduced by analysts at Stifel Nicolaus from $35.00 to $28.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. Stifel Nicolaus’ price objective points to a potential upside of 146.39% from the company’s previous close.

A number of other equities analysts also recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $28.00 price objective on shares of VF in a report on Friday, March 7th. Jefferies Financial Group increased their price target on shares of VF from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Piper Sandler reaffirmed a “neutral” rating and issued a $18.00 price objective on shares of VF in a research note on Thursday, March 27th. Argus raised shares of VF from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group boosted their price target on VF from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.24.

VF Stock Down 8.5 %

VFC stock traded down $1.06 during midday trading on Thursday, reaching $11.36. The company had a trading volume of 3,720,729 shares, compared to its average volume of 7,691,691. The company has a 50 day moving average of $19.73 and a two-hundred day moving average of $20.65. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31. VF has a 1 year low of $9.41 and a 1 year high of $29.02. The company has a market capitalization of $4.43 billion, a P/E ratio of -9.56, a PEG ratio of 6.77 and a beta of 1.57.

VF (NYSE:VFC) last announced its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same quarter last year, the business earned $0.57 earnings per share. On average, equities research analysts expect that VF will post 0.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. CKW Financial Group increased its holdings in shares of VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of VF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after purchasing an additional 3,008 shares in the last quarter. TB Alternative Assets Ltd. bought a new position in VF in the 4th quarter valued at about $1,878,000. Fiduciary Alliance LLC increased its stake in VF by 16.4% in the first quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker’s stock valued at $4,634,000 after acquiring an additional 42,065 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of VF by 1,355.2% during the 1st quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker’s stock worth $6,276,000 after buying an additional 376,615 shares in the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

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.