Wells Fargo & Company Cuts VF (NYSE:VFC) Price Target to $18.00

VF (NYSE:VFC - Get Free Report) had its target price decreased by equities research analysts at Wells Fargo & Company from $21.00 to $18.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "underweight" rating on the textile maker's stock. Wells Fargo & Company's price objective indicates a potential downside of 5.88% from the stock's previous close.

Other analysts have also recently issued research reports about the company. Telsey Advisory Group reissued a "market perform" rating and issued a $27.00 price objective on shares of VF in a research report on Friday. Robert W. Baird raised their price objective on VF from $23.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Truist Financial reissued a "hold" rating and issued a $24.00 price objective (up previously from $20.00) on shares of VF in a research report on Thursday, January 30th. OTR Global upgraded shares of VF from a "mixed" rating to a "positive" rating in a research note on Friday, January 10th. Finally, UBS Group lifted their price objective on shares of VF from $24.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $22.90.

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VF Stock Down 7.0 %

Shares of NYSE VFC traded down $1.44 during trading hours on Friday, hitting $19.13. 12,177,738 shares of the stock were exchanged, compared to its average volume of 5,972,828. VF has a 12 month low of $11.00 and a 12 month high of $29.02. The firm has a fifty day moving average price of $24.02 and a 200-day moving average price of $21.20. 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 $7.45 billion, a PE ratio of -16.07, a PEG ratio of 6.77 and a beta of 1.46.

VF (NYSE:VFC - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share 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 period in the previous year, the business posted $0.57 earnings per share. On average, sell-side analysts expect that VF will post 0.73 EPS for the current year.

Institutional Trading of VF

A number of hedge funds and other institutional investors have recently modified their holdings of VFC. Segall Bryant & Hamill LLC increased its position in shares of VF by 5.8% during the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker's stock worth $83,153,000 after purchasing an additional 211,440 shares during the last quarter. TB Alternative Assets Ltd. acquired a new stake in shares of VF during the 4th quarter worth about $1,878,000. Fiduciary Alliance LLC increased its position in shares of VF by 6.8% during the 4th 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 last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of 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 valued at $129,000 after buying an additional 3,008 shares in the last quarter. Finally, CKW Financial Group grew its stake 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 buying an additional 500 shares in the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

About VF

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.