The Goldman Sachs Group Has Lowered Expectations for VF (NYSE:VFC) Stock Price

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

VFC has been the subject of several other reports. Piper Sandler cut their price objective on VF from $18.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 target price on shares of VF in a research report on Friday, March 7th. Barclays boosted their price target on shares of VF from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. OTR Global upgraded shares of VF from a “mixed” rating to a “positive” rating in a report on Friday, January 10th. Finally, BMO Capital Markets upped their price target on VF from $14.00 to $25.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.70.

VF Stock Up 2.1 %

Shares of NYSE VFC traded up $0.22 during midday trading on Tuesday, reaching $10.69. 1,307,621 shares of the company’s stock traded hands, compared to its average volume of 7,716,380. 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 company has a market cap of $4.16 billion, a price-to-earnings ratio of -8.98, a P/E/G ratio of 6.77 and a beta of 1.57. VF has a one year low of $9.41 and a one year high of $29.02. The stock’s 50 day simple moving average is $17.55 and its 200-day simple moving average is $20.17.

VF (NYSE:VFC) last issued its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the company posted $0.57 earnings per share. On average, analysts predict that VF will post 0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On VF

A number of institutional investors and hedge funds have recently made changes to their positions in VFC. CKW Financial Group raised its stake in VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of VF by 100.0% during 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. Fiduciary Alliance LLC lifted its holdings in shares of VF by 6.8% during the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after purchasing an additional 16,431 shares during the period. SG Americas Securities LLC purchased a new position in VF in the 1st quarter valued at $350,000. Finally, TB Alternative Assets Ltd. acquired a new position in VF in the 4th quarter valued at $1,878,000. 86.84% of the stock is 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.