Wells Fargo & Company Has Lowered Expectations for VF (NYSE:VFC) Stock Price

VF (NYSE:VFC) had its price target lowered by investment analysts at Wells Fargo & Company from $21.00 to $18.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the textile maker’s stock. Wells Fargo & Company‘s target price points to a potential downside of 2.13% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the company. Robert W. Baird boosted their price target on VF from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Needham & Company LLC reissued a “buy” rating and issued a $28.00 price objective on shares of VF in a research note on Friday. Guggenheim raised their target price on VF from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Argus upgraded shares of VF from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, December 17th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $27.00 price target on shares of VF in a research note on Friday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, VF currently has a consensus rating of “Hold” and a consensus price target of $22.90.

VF Stock Performance

NYSE:VFC traded down $2.17 during mid-day trading on Friday, hitting $18.39. 2,316,362 shares of the stock were exchanged, compared to its average volume of 5,725,228. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56. The firm’s 50-day simple moving average is $24.07 and its 200 day simple moving average is $21.15. VF has a fifty-two week low of $11.00 and a fifty-two week high of $29.02. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of -15.49, a price-to-earnings-growth ratio of 6.77 and a beta of 1.46.

VF (NYSE:VFC) last announced its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (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 period in the previous year, the firm earned $0.57 earnings per share. As a group, equities analysts anticipate that VF will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. CKW Financial Group raised its position in shares of VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in VF by 100.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after purchasing an additional 3,008 shares in the last quarter. TB Alternative Assets Ltd. bought a new stake in VF during the fourth quarter worth about $1,878,000. Fiduciary Alliance LLC boosted its holdings in shares of VF by 6.8% in the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after purchasing an additional 16,431 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in shares of VF by 1.8% during 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 purchasing an additional 65,919 shares during the last quarter. 86.84% of the stock is currently 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.