VF (NYSE:VFC) Price Target Lowered to $12.00 at The Goldman Sachs Group

VF (NYSE:VFC) had its price objective decreased by analysts at The Goldman Sachs Group from $25.00 to $12.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the textile maker’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 12.29% from the stock’s current price.

A number of other analysts have also commented on the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.00 price objective on shares of VF in a research note on Friday, March 7th. Barclays increased their target price on VF from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Robert W. Baird upped their price target on shares of VF from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Piper Sandler dropped their price target on VF from $18.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of VF from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, VF currently has an average rating of “Hold” and a consensus target price of $21.70.

VF Stock Up 2.1 %

Shares of VF stock traded up $0.22 during trading on Tuesday, hitting $10.69. 1,307,621 shares of the stock were exchanged, compared to its average volume of 7,716,380. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of -8.98, a price-to-earnings-growth ratio of 6.77 and a beta of 1.57. The firm’s 50-day moving average price is $17.55 and its 200 day moving average price is $20.17. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00. VF has a 12-month low of $9.41 and a 12-month high of $29.02.

VF (NYSE:VFC) last issued its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share 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 in the prior year, the firm earned $0.57 earnings per share. As a group, analysts forecast that VF will post 0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VF

Several large investors have recently added to or reduced their stakes in the company. CKW Financial Group lifted its position 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 worth $47,000 after buying an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in VF by 100.0% in the fourth 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 during the last quarter. SG Americas Securities LLC purchased a new position in shares of VF in the 1st quarter worth $350,000. TB Alternative Assets Ltd. bought a new stake in VF during the fourth quarter worth approximately $1,878,000. Finally, Fiduciary Alliance LLC lifted its stake in shares of VF by 6.8% in the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after purchasing an additional 16,431 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

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.