VF (NYSE:VFC) Price Target Cut to $16.00 by Analysts at JPMorgan Chase & Co.

VF (NYSE:VFC) had its price target reduced by research analysts at JPMorgan Chase & Co. from $17.00 to $16.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 12.66% from the stock’s current price.

A number of other research firms have also recently commented on VFC. Citigroup upgraded VF from a “neutral” rating to a “buy” rating and raised their target price for the company from $11.00 to $20.00 in a research report on Thursday, July 18th. Barclays boosted their price target on VF from $12.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Argus upgraded VF to a “hold” rating in a report on Wednesday, August 28th. Wells Fargo & Company increased their target price on shares of VF from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, September 6th. Finally, The Goldman Sachs Group lowered their price target on shares of VF from $12.50 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.81.

VF Stock Performance

NYSE VFC traded down $0.38 on Monday, reaching $18.32. 1,284,078 shares of the company’s stock traded hands, compared to its average volume of 8,330,206. The stock has a 50 day moving average price of $16.62 and a 200-day moving average price of $14.67. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of -7.32, a P/E/G ratio of 1.94 and a beta of 1.53. VF has a fifty-two week low of $11.00 and a fifty-two week high of $20.69. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99.

VF (NYSE:VFC) last announced its quarterly earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.85 billion. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. VF’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.15) earnings per share. Equities research analysts predict that VF will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling

In other VF news, Director Richard Carucci bought 15,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was bought at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the purchase, the director now directly owns 230,178 shares of the company’s stock, valued at $3,843,972.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On VF

Large investors have recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in VF by 1,754.4% in the 4th quarter. International Assets Investment Management LLC now owns 29,393 shares of the textile maker’s stock worth $553,000 after purchasing an additional 27,808 shares during the period. Natixis Advisors L.P. boosted its holdings in VF by 16.6% during the fourth quarter. Natixis Advisors L.P. now owns 19,165 shares of the textile maker’s stock valued at $360,000 after acquiring an additional 2,732 shares during the period. Dimensional Fund Advisors LP increased its position in VF by 22.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,241,702 shares of the textile maker’s stock worth $60,951,000 after buying an additional 590,434 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of VF by 24.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 24,920 shares of the textile maker’s stock worth $469,000 after acquiring an additional 4,865 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of VF by 11.6% during the fourth quarter. Panagora Asset Management Inc. now owns 30,134 shares of the textile maker’s stock valued at $567,000 after buying an additional 3,140 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

About VF

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.