Barclays Lowers V.F. (NYSE:VFC) Price Target to $48.00

V.F. (NYSE:VFCGet Rating) had its price target decreased by equities research analysts at Barclays from $63.00 to $48.00 in a report issued on Monday, The Fly reports. Barclays‘s target price would suggest a potential upside of 1.44% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. StockNews.com assumed coverage on shares of V.F. in a research report on Thursday, March 31st. They issued a “hold” rating for the company. The Goldman Sachs Group reduced their price target on shares of V.F. from $46.00 to $40.00 and set a “sell” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of V.F. from $86.00 to $64.00 in a research report on Monday, May 16th. UBS Group dropped their price objective on shares of V.F. from $65.00 to $55.00 in a research note on Friday, May 13th. Finally, Wedbush dropped their price objective on shares of V.F. from $61.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.50.

VFC stock opened at $47.32 on Monday. V.F. has a 12 month low of $44.17 and a 12 month high of $84.96. The firm has a market cap of $18.40 billion, a PE ratio of 13.41, a P/E/G ratio of 0.44 and a beta of 1.42. The firm has a 50 day simple moving average of $53.64 and a 200 day simple moving average of $63.03. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.43 and a quick ratio of 1.03.

V.F. (NYSE:VFCGet Rating) last issued its quarterly earnings results on Thursday, May 19th. The textile maker reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.83 billion. V.F. had a net margin of 11.71% and a return on equity of 35.53%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. As a group, sell-side analysts expect that V.F. will post 3.53 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Community Trust NA bought a new stake in shares of V.F. during the 4th quarter worth $25,000. Tompkins Financial Corp boosted its holdings in shares of V.F. by 981.4% during the 1st quarter. Tompkins Financial Corp now owns 465 shares of the textile maker’s stock worth $26,000 after buying an additional 422 shares during the period. Atticus Wealth Management LLC bought a new stake in shares of V.F. during the 4th quarter worth $30,000. Missouri Trust & Investment Co bought a new stake in V.F. in the 4th quarter valued at $30,000. Finally, Moors & Cabot Inc. bought a new stake in V.F. in the 3rd quarter valued at $32,000. 88.25% of the stock is owned by institutional investors and hedge funds.

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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