Wedbush Lowers V.F. (NYSE:VFC) Price Target to $13.00

V.F. (NYSE:VFCGet Free Report) had its price target cut by equities research analysts at Wedbush from $15.50 to $13.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the textile maker’s stock. Wedbush’s target price points to a potential upside of 5.26% from the company’s previous close. Wedbush also issued estimates for V.F.’s FY2024 earnings at $0.98 EPS and Q3 2025 earnings at $0.65 EPS.

A number of other research firms have also recently commented on VFC. Telsey Advisory Group cut their target price on V.F. from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, May 17th. JPMorgan Chase & Co. decreased their price objective on V.F. from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, April 8th. UBS Group cut their target price on shares of V.F. from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, February 5th. StockNews.com upgraded shares of V.F. from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, Citigroup lowered their price target on V.F. from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, May 15th. One 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.16.

View Our Latest Report on VFC

V.F. Stock Down 0.9 %

Shares of NYSE VFC opened at $12.35 on Tuesday. The business has a 50-day moving average of $13.34 and a two-hundred day moving average of $15.67. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of -6.27, a price-to-earnings-growth ratio of 1.39 and a beta of 1.49. V.F. has a 1 year low of $11.91 and a 1 year high of $21.17. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.23 and a quick ratio of 0.70.

V.F. (NYSE:VFCGet Free Report) last announced its quarterly earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.34). The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.42 billion. V.F. had a negative net margin of 7.07% and a positive return on equity of 19.03%. The business’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 earnings per share. On average, analysts forecast that V.F. will post 1.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Wolff Wiese Magana LLC raised its holdings in V.F. by 2,835.6% in the 4th quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 1,276 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in V.F. in the fourth quarter valued at approximately $25,000. Mather Group LLC. purchased a new position in V.F. in the 1st quarter valued at about $27,000. Future Financial Wealth Managment LLC acquired a new position in V.F. during the 1st quarter valued at approximately $31,000. Finally, Allworth Financial LP grew its position in shares of V.F. by 111.5% during the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock worth $34,000 after acquiring an additional 958 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

About V.F.

(Get Free Report)

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.

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Analyst Recommendations for V.F. (NYSE:VFC)

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