V.F. (NYSE:VFC) Given New $12.50 Price Target at The Goldman Sachs Group

V.F. (NYSE:VFC) had its price objective cut by stock analysts at The Goldman Sachs Group from $14.00 to $12.50 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. The Goldman Sachs Group’s price objective suggests a potential downside of 2.42% from the company’s current price.

A number of other equities analysts have also recently weighed in on VFC. Wells Fargo & Company cut their price target on V.F. from $17.00 to $14.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Williams Trading reiterated a “sell” rating on shares of V.F. in a research report on Thursday, January 25th. Telsey Advisory Group reissued an “outperform” rating and issued a $22.00 price objective on shares of V.F. in a report on Tuesday, January 30th. BNP Paribas reaffirmed a “neutral” rating and set a $14.00 price target (down from $18.00) on shares of V.F. in a research note on Friday, April 12th. Finally, StockNews.com upgraded V.F. from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.88.

V.F. Stock Performance

Shares of V.F. stock traded up $0.19 on Friday, reaching $12.81. 2,834,548 shares of the stock were exchanged, compared to its average volume of 9,150,094. The business has a 50 day moving average price of $14.63 and a two-hundred day moving average price of $16.20. The company has a quick ratio of 0.70, a current ratio of 1.23 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of -6.49, a PEG ratio of 1.45 and a beta of 1.47. V.F. has a twelve month low of $11.91 and a twelve month high of $23.55.

V.F. (NYSE:VFC) last announced its quarterly earnings results on Tuesday, February 6th. The textile maker reported $0.57 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.22). V.F. had a negative net margin of 7.07% and a positive return on equity of 19.03%. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period last year, the company earned $1.12 EPS. The business’s revenue for the quarter was down 16.2% on a year-over-year basis. Analysts anticipate that V.F. will post 1.1 earnings per share for the current fiscal year.

Insider Activity

In other V.F. news, insider Bracken Darrell acquired 65,360 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $15.38 per share, with a total value of $1,005,236.80. Following the transaction, the insider now owns 144,281 shares of the company’s stock, valued at $2,219,041.78. The transaction was disclosed in a filing with the SEC, which is available at this link. In other V.F. news, insider Bracken Darrell acquired 65,360 shares of the business’s stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $15.38 per share, for a total transaction of $1,005,236.80. Following the completion of the transaction, the insider now owns 144,281 shares of the company’s stock, valued at approximately $2,219,041.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Juliana L. Chugg acquired 11,301 shares of V.F. stock in a transaction dated Monday, February 12th. The stock was purchased at an average cost of $17.55 per share, for a total transaction of $198,332.55. Following the completion of the purchase, the director now directly owns 26,301 shares in the company, valued at $461,582.55. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On V.F.

A number of large investors have recently bought and sold shares of VFC. Norges Bank acquired a new stake in shares of V.F. in the fourth quarter valued at about $76,059,000. Jackson Square Partners LLC bought a new stake in V.F. in the 4th quarter worth about $46,646,000. M&G Investment Management Ltd. grew its position in shares of V.F. by 19.4% during the 4th quarter. M&G Investment Management Ltd. now owns 12,413,169 shares of the textile maker’s stock valued at $235,850,000 after acquiring an additional 2,016,470 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in V.F. by 48.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,098,812 shares of the textile maker’s stock worth $54,756,000 after purchasing an additional 1,004,583 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of V.F. by 559.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,113,192 shares of the textile maker’s stock valued at $19,670,000 after buying an additional 944,449 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors.

V.F. Company Profile

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.