V.F. (NYSE:VFC) PT Lowered to $60.00 at Robert W. Baird

V.F. (NYSE:VFC – Get Rating) had its price target reduced by investment analysts at Robert W. Baird from $80.00 to $60.00 in a research note issued to investors on Friday, The Fly reports. Robert W. Baird’s price target would suggest a potential upside of 34.50% from the stock’s previous close.

A number of other equities analysts have also recently commented on the company. Cowen decreased their target price on V.F. from $72.00 to $61.00 and set a “na” rating on the stock in a report on Wednesday. Stifel Nicolaus decreased their target price on V.F. from $85.00 to $74.00 and set a “hold” rating on the stock in a report on Monday, January 31st. Cowen decreased their price target on V.F. from $72.00 to $61.00 in a report on Wednesday. Piper Sandler decreased their price target on V.F. from $89.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, January 31st. Finally, Evercore ISI decreased their price target on V.F. from $110.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, January 31st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $70.75.

VFC stock opened at $44.61 on Friday. The company has a market cap of $17.35 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 0.46 and a beta of 1.42. V.F. has a 1 year low of $44.17 and a 1 year high of $85.36. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.43 and a quick ratio of 1.03. The stock’s fifty day moving average price is $53.77 and its 200-day moving average price is $63.35.

V.F. (NYSE:VFC – Get Rating) last announced its earnings results on Thursday, May 19th. The textile maker reported $0.45 EPS 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 company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the business posted $0.27 earnings per share. V.F.’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts expect that V.F. will post 3.19 earnings per share for the current year.

Several large investors have recently made changes to their positions in VFC. Capital International Investors boosted its position in shares of V.F. by 81.8% during the fourth quarter. Capital International Investors now owns 21,740,758 shares of the textile maker’s stock valued at $1,591,858,000 after buying an additional 9,782,346 shares during the period. Vanguard Group Inc. raised its stake in shares of V.F. by 16.3% during the first quarter. Vanguard Group Inc. now owns 40,200,890 shares of the textile maker’s stock valued at $2,285,822,000 after acquiring an additional 5,626,337 shares in the last quarter. Norges Bank bought a new stake in shares of V.F. during the fourth quarter valued at approximately $213,383,000. Diamond Hill Capital Management Inc. raised its stake in shares of V.F. by 29.2% during the first quarter. Diamond Hill Capital Management Inc. now owns 7,628,798 shares of the textile maker’s stock valued at $433,773,000 after acquiring an additional 1,723,365 shares in the last quarter. Finally, State Street Corp raised its stake in shares of V.F. by 9.8% during the fourth quarter. State Street Corp now owns 17,918,285 shares of the textile maker’s stock valued at $1,311,977,000 after acquiring an additional 1,596,886 shares in the last quarter. Institutional investors and hedge funds own 88.25% of the company’s stock.

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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