Wells Fargo & Company Trims V.F. (NYSE:VFC) Target Price to $50.00

V.F. (NYSE:VFCGet Rating) had its price objective cut by equities researchers at Wells Fargo & Company to $50.00 in a research note issued to investors on Friday, Stock Target Advisor reports. The firm presently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 12.08% from the company’s current price.

A number of other analysts also recently issued reports on VFC. Evercore ISI reduced their price target on shares of V.F. from $110.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, January 31st. Williams Capital downgraded V.F. from a “buy” rating to a “hold” rating in a research report on Thursday, January 20th. UBS Group cut their price target on V.F. from $65.00 to $55.00 in a report on Friday, May 13th. JPMorgan Chase & Co. cut V.F. from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $80.00 to $64.00 in a report on Monday, January 31st. Finally, Barclays cut their target price on shares of V.F. from $79.00 to $63.00 and set an “equal weight” rating for the company 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $66.65.

Shares of V.F. stock opened at $44.61 on Friday. The company 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. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 1.27. The stock’s 50-day simple moving average is $53.77 and its 200-day simple moving average is $63.35. V.F. has a 52 week low of $44.17 and a 52 week high of $85.36.

V.F. (NYSE:VFCGet Rating) last posted its quarterly 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 business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the firm posted $0.27 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts expect that V.F. will post 3.19 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. Capital International Investors boosted its position in 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 purchasing an additional 9,782,346 shares in the last quarter. Vanguard Group Inc. grew its position in shares of V.F. by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 40,200,890 shares of the textile maker’s stock worth $2,285,822,000 after buying an additional 5,626,337 shares during the last quarter. Norges Bank bought a new position in shares of V.F. during the 4th quarter worth approximately $213,383,000. Diamond Hill Capital Management Inc. lifted its position in 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 during the last quarter. Finally, State Street Corp boosted its stake in V.F. by 9.8% in 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 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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