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

VF (NYSE:VFC - Get Free Report) had its price objective cut by 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 price target points to a potential upside of 5.29% from the stock's previous close.

Other analysts have also recently issued reports about the company. Citigroup cut VF from a "buy" rating to a "neutral" rating and cut their price objective for the company from $30.00 to $12.00 in a research report on Monday, April 7th. Truist Financial reaffirmed a "hold" rating and set a $24.00 price target (up previously from $20.00) on shares of VF in a 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. Robert W. Baird lifted their target price on shares of VF from $23.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $27.00 price target on shares of VF in a report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $21.70.

VF Trading Down 1.2 %

Shares of VFC traded down $0.14 during trading hours on Tuesday, reaching $11.40. The stock had a trading volume of 1,067,754 shares, compared to its average volume of 7,762,223. The company has a market cap of $4.44 billion, a P/E ratio of -9.57, a P/E/G ratio of 6.77 and a beta of 1.57. 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 firm has a 50-day moving average of $16.69 and a 200 day moving average of $19.98. VF has a 52 week low of $9.41 and a 52 week high of $29.02.

VF (NYSE:VFC - Get Free Report) last released its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. During the same period in the previous year, the firm earned $0.57 earnings per share. On average, sell-side analysts expect that VF will post 0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VFC. Segall Bryant & Hamill LLC grew its holdings in shares of VF by 5.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker's stock worth $83,153,000 after acquiring an additional 211,440 shares during the period. Rhumbline Advisers lifted its holdings in VF by 11.0% in the 1st quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker's stock worth $14,414,000 after purchasing an additional 92,174 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of VF by 1,355.2% during the first quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker's stock worth $6,276,000 after acquiring an additional 376,615 shares during the last quarter. Fiduciary Alliance LLC grew its position in shares of VF by 16.4% during the first quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker's stock valued at $4,634,000 after purchasing an additional 42,065 shares in the last quarter. Finally, TB Alternative Assets Ltd. purchased a new position in VF during the 4th quarter valued at approximately $1,878,000. 86.84% of the stock is owned by 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.