V.F. (NYSE:VFC) Price Target Cut to $50.00 by Analysts at Wedbush

V.F. (NYSE:VFC – Get Rating) had its target price lowered by stock analysts at Wedbush from $61.00 to $50.00 in a note issued to investors on Friday, The Fly reports. Wedbush’s price objective would indicate a potential upside of 12.08% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Cowen dropped their target price on shares of V.F. from $72.00 to $61.00 in a research report on Wednesday. Cowen lowered their price target on shares of V.F. from $72.00 to $61.00 and set a “na” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. lowered shares of V.F. from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $80.00 to $64.00 in a report on Monday, January 31st. Citigroup lowered their price target on shares of V.F. from $71.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, January 31st. Finally, Barclays lowered their price target on shares of V.F. from $79.00 to $63.00 and set an “equal weight” rating on the stock in a report on Monday, January 31st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, V.F. currently has an average rating of “Hold” and an average price target of $67.05.

Shares of V.F. stock opened at $44.61 on Friday. The firm has a fifty day simple moving average of $53.77 and a 200-day simple moving average of $63.35. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 1.27. V.F. has a 1-year low of $44.17 and a 1-year high of $85.36. The stock has a market capitalization of $17.35 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 0.45 and a beta of 1.42.

V.F. (NYSE:VFC – Get Rating) last issued its quarterly earnings data on Thursday, May 19th. The textile maker reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). V.F. had a return on equity of 34.69% and a net margin of 12.03%. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the previous year, the firm posted $0.27 earnings per share. V.F.’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, research analysts predict that V.F. will post 3.19 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System increased its stake in shares of V.F. by 1.8% in the 3rd quarter. California State Teachers Retirement System now owns 595,179 shares of the textile maker’s stock valued at $39,871,000 after acquiring an additional 10,716 shares during the last quarter. Credit Suisse AG increased its stake in V.F. by 10.5% during the 3rd quarter. Credit Suisse AG now owns 621,893 shares of the textile maker’s stock worth $41,661,000 after purchasing an additional 59,241 shares in the last quarter. Natixis bought a new stake in V.F. during the 3rd quarter worth approximately $8,035,000. Voloridge Investment Management LLC increased its stake in V.F. by 63.5% during the 3rd quarter. Voloridge Investment Management LLC now owns 100,198 shares of the textile maker’s stock worth $6,712,000 after purchasing an additional 38,914 shares in the last quarter. Finally, NorthRock Partners LLC bought a new stake in V.F. during the 3rd quarter worth approximately $204,000. 88.25% of the stock is owned by institutional investors.

V.F. Company Profile (Get Rating)

V.F. Corporation, together with its subsidiaries, engages in the design, production, 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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