The Goldman Sachs Group Issues Positive Forecast for VF (NYSE:VFC) Stock Price

VF (NYSE:VFC) had its price target hoisted by research analysts at The Goldman Sachs Group from $22.00 to $25.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the textile maker’s stock. The Goldman Sachs Group’s price target indicates a potential downside of 4.23% from the stock’s previous close.

VFC has been the subject of a number of other reports. Jefferies Financial Group upped their price target on VF from $21.00 to $24.00 and gave the company a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. upped their price target on VF from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Guggenheim upped their price target on VF from $25.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $21.00 price target on shares of VF in a report on Wednesday. Finally, Argus raised VF from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.58.

VF Stock Up 2.1 %

Shares of VF stock traded up $0.54 on Thursday, reaching $26.10. 2,653,836 shares of the company were exchanged, compared to its average volume of 6,553,433. VF has a 1-year low of $11.00 and a 1-year high of $29.02. The company has a market cap of $10.16 billion, a P/E ratio of -15.09, a price-to-earnings-growth ratio of 9.74 and a beta of 1.45. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. The stock’s 50 day moving average price is $22.12 and its 200-day moving average price is $19.65.

VF (NYSE:VFC) last announced its quarterly earnings data 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 12.53% and a negative net margin of 6.68%. During the same quarter in the prior year, the firm earned $0.57 earnings per share. As a group, equities analysts forecast that VF will post 0.48 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VFC. Sei Investments Co. grew its holdings in VF by 26.7% during the 2nd quarter. Sei Investments Co. now owns 207,120 shares of the textile maker’s stock worth $2,796,000 after acquiring an additional 43,697 shares in the last quarter. Bank of Montreal Can lifted its position in shares of VF by 127.6% in the 2nd quarter. Bank of Montreal Can now owns 62,046 shares of the textile maker’s stock worth $878,000 after buying an additional 286,878 shares during the last quarter. Algert Global LLC bought a new position in shares of VF in the 2nd quarter worth about $449,000. Teachers Retirement System of The State of Kentucky lifted its position in shares of VF by 90.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock worth $2,737,000 after buying an additional 96,442 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of VF in the 2nd quarter worth about $241,000. 86.84% of the stock is owned by institutional investors and hedge funds.

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.