Stifel Nicolaus Lowers VF (NYSE:VFC) Price Target to $15.00

VF (NYSE:VFC) had its price objective lowered by investment analysts at Stifel Nicolaus from $28.00 to $15.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. Stifel Nicolaus’ price objective points to a potential upside of 25.21% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. lowered their price objective on VF from $25.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, May 19th. BMO Capital Markets set a $15.00 price objective on shares of VF and gave the stock a “market perform” rating in a report on Thursday. The Goldman Sachs Group dropped their target price on shares of VF from $25.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Robert W. Baird lifted their target price on VF from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Finally, Wells Fargo & Company cut their price objective on shares of VF from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday. Sixteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.21.

VF Price Performance

Shares of NYSE:VFC opened at $11.98 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. The company has a market cap of $4.67 billion, a P/E ratio of -10.07, a P/E/G ratio of 6.77 and a beta of 1.68. VF has a 52 week low of $9.41 and a 52 week high of $29.02. The business has a fifty day simple moving average of $13.04 and a 200-day simple moving average of $19.05.

VF (NYSE:VFC) last issued its quarterly earnings data on Wednesday, May 21st. The textile maker reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.17 billion. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. Equities research analysts forecast that VF will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VFC. Russell Investments Group Ltd. lifted its holdings in shares of VF by 11.1% in the first quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker’s stock valued at $4,306,000 after purchasing an additional 27,727 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of VF during the 1st quarter valued at $749,000. Amalgamated Bank increased its stake in shares of VF by 46.2% in the first quarter. Amalgamated Bank now owns 152,410 shares of the textile maker’s stock worth $2,365,000 after acquiring an additional 48,151 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of VF during the 1st quarter worth about $350,000. Finally, Fiduciary Alliance LLC lifted its stake in VF by 16.4% in the first quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker’s stock valued at $4,634,000 after acquiring an additional 42,065 shares during the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

VF Company Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.