The Goldman Sachs Group Forecasts Strong Price Appreciation for VF (NYSE:VFC) Stock

VF (NYSE:VFC) had its target price lifted by investment analysts at The Goldman Sachs Group from $22.00 to $25.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the textile maker’s stock. The Goldman Sachs Group’s target price suggests a potential downside of 3.79% from the company’s current price.

A number of other brokerages have also issued reports on VFC. Guggenheim lifted their target price on VF from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. TD Cowen boosted their price objective on shares of VF from $16.00 to $19.00 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Barclays raised their target price on shares of VF from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday. Wells Fargo & Company cut shares of VF from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $16.00 to $15.00 in a research report on Monday, October 14th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $21.00 price objective on shares of VF in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.47.

VF Stock Down 3.5 %

VF stock opened at $25.99 on Thursday. The company has a 50 day moving average of $22.28 and a 200-day moving average of $19.70. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 2.86. VF has a twelve month low of $11.00 and a twelve month high of $29.02. The stock has a market capitalization of $10.12 billion, a PE ratio of -21.84, a price-to-earnings-growth ratio of 10.01 and a beta of 1.45.

VF (NYSE:VFC) last announced its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, topping 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 15.35%. During the same period last year, the firm posted $0.57 earnings per share. On average, equities research analysts anticipate that VF will post 0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On VF

A number of large investors have recently made changes to their positions in VFC. Segall Bryant & Hamill LLC grew its holdings in VF by 1.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock valued at $73,084,000 after buying an additional 65,919 shares in the last quarter. Fiduciary Alliance LLC grew its stake in shares of VF by 6.8% in the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after acquiring an additional 16,431 shares in the last quarter. Sei Investments Co. increased its position in VF by 26.7% during the second quarter. Sei Investments Co. now owns 207,120 shares of the textile maker’s stock worth $2,796,000 after acquiring an additional 43,697 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in VF by 90.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock worth $2,737,000 after purchasing an additional 96,442 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in VF by 40.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 107,700 shares of the textile maker’s stock valued at $2,149,000 after purchasing an additional 30,800 shares during the period. Institutional investors own 86.84% of the company’s stock.

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.