Piper Sandler Issues Pessimistic Forecast for VF (NYSE:VFC) Stock Price

VF (NYSE:VFC) had its price target cut by stock analysts at Piper Sandler from $18.00 to $12.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the textile maker’s stock. Piper Sandler’s price objective would suggest a potential upside of 4.98% from the stock’s previous close.

VFC has been the subject of several other research reports. Wells Fargo & Company lowered their price objective on shares of VF from $21.00 to $18.00 and set an “underweight” rating for the company in a research note on Friday, March 7th. Citigroup downgraded shares of VF from a “buy” rating to a “neutral” rating and decreased their price target for the company from $30.00 to $12.00 in a research note on Monday. Telsey Advisory Group reissued a “market perform” rating and set a $27.00 price objective on shares of VF in a research report on Friday, March 7th. Barclays boosted their target price on VF from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group raised their price objective on VF from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, VF presently has a consensus rating of “Hold” and a consensus price target of $21.95.

VF Trading Down 8.0 %

NYSE:VFC opened at $11.43 on Friday. VF has a 52 week low of $9.41 and a 52 week high of $29.02. The firm’s fifty day moving average is $19.47 and its 200-day moving average is $20.60. The firm has a market cap of $4.45 billion, a P/E ratio of -9.61, a P/E/G ratio of 6.77 and a beta of 1.57. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56.

VF (NYSE:VFC) last issued its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. During the same quarter in the previous year, the company earned $0.57 EPS. Equities analysts expect that VF will post 0.73 earnings per share for the current year.

Institutional Trading of VF

Institutional investors and hedge funds have recently modified their holdings of the business. CKW Financial Group raised its position in VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after acquiring an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in VF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after acquiring an additional 3,008 shares during the last quarter. TB Alternative Assets Ltd. purchased a new position in shares of VF in the fourth quarter worth about $1,878,000. Fiduciary Alliance LLC lifted its position in shares of VF by 16.4% during the first quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker’s stock worth $4,634,000 after acquiring an additional 42,065 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in VF by 1,355.2% in the 1st quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker’s stock worth $6,276,000 after purchasing an additional 376,615 shares during the period. 86.84% of the stock is owned by hedge funds and other institutional investors.

About VF

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.