V.F. (NYSE:VFC) Stock Rating Reaffirmed by BNP Paribas

V.F. (NYSE:VFC)‘s stock had its “neutral” rating restated by analysts at BNP Paribas in a research report issued on Friday, MarketBeat reports. They currently have a $14.00 target price on the textile maker’s stock, down from their prior target price of $18.00. BNP Paribas’ target price would suggest a potential upside of 15.61% from the stock’s previous close.

Several other analysts also recently weighed in on VFC. Wells Fargo & Company lowered their target price on V.F. from $17.00 to $14.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Williams Trading reaffirmed a “sell” rating on shares of V.F. in a research report on Thursday, January 25th. StockNews.com raised shares of V.F. from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. The Goldman Sachs Group cut shares of V.F. from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $19.00 to $14.00 in a research report on Wednesday, February 7th. Finally, Wedbush reduced their price target on shares of V.F. from $16.50 to $15.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, V.F. has a consensus rating of “Hold” and an average target price of $17.97.

V.F. Stock Down 7.8 %

Shares of V.F. stock opened at $12.11 on Friday. The business has a 50-day moving average of $15.30 and a 200-day moving average of $16.46. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.23 and a quick ratio of 0.70. The company has a market capitalization of $4.71 billion, a PE ratio of -6.15, a P/E/G ratio of 1.47 and a beta of 1.47. V.F. has a 1-year low of $12.02 and a 1-year high of $23.58.

V.F. (NYSE:VFC) last announced its earnings results on Tuesday, February 6th. The textile maker reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.22). The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.24 billion. V.F. had a negative net margin of 7.07% and a positive return on equity of 19.03%. The firm’s revenue was down 16.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.12 earnings per share. As a group, equities analysts forecast that V.F. will post 1.1 EPS for the current fiscal year.

Insider Activity

In other V.F. news, Director Juliana L. Chugg purchased 11,301 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were bought at an average price of $17.55 per share, with a total value of $198,332.55. Following the completion of the acquisition, the director now owns 26,301 shares in the company, valued at approximately $461,582.55. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other V.F. news, Director Juliana L. Chugg purchased 11,301 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were bought at an average price of $17.55 per share, with a total value of $198,332.55. Following the completion of the acquisition, the director now owns 26,301 shares in the company, valued at approximately $461,582.55. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bracken Darrell purchased 65,360 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost of $15.38 per share, for a total transaction of $1,005,236.80. Following the acquisition, the insider now owns 144,281 shares of the company’s stock, valued at approximately $2,219,041.78. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Prudential PLC increased its stake in shares of V.F. by 20.6% during the third quarter. Prudential PLC now owns 23,864 shares of the textile maker’s stock valued at $422,000 after acquiring an additional 4,070 shares during the period. Deutsche Bank AG increased its stake in shares of V.F. by 11.9% during the third quarter. Deutsche Bank AG now owns 1,581,532 shares of the textile maker’s stock valued at $27,946,000 after acquiring an additional 168,465 shares during the period. Vanguard Group Inc. increased its stake in shares of V.F. by 1.2% during the third quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock valued at $728,708,000 after acquiring an additional 475,239 shares during the period. Nordea Investment Management AB increased its stake in shares of V.F. by 3.0% during the third quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker’s stock valued at $486,000 after acquiring an additional 812 shares during the period. Finally, Modus Advisors LLC acquired a new position in shares of V.F. during the fourth quarter valued at approximately $1,414,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

About V.F.

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