TD Cowen Cuts V.F. (NYSE:VFC) Price Target to $9.00

V.F. (NYSE:VFC) had its price objective dropped by investment analysts at TD Cowen from $14.00 to $9.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the textile maker’s stock. TD Cowen’s price target would suggest a potential downside of 24.18% from the company’s current price.

Several other research analysts have also recently weighed in on the company. Citigroup reduced their price objective on V.F. from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, May 15th. The Goldman Sachs Group reduced their price target on V.F. from $12.50 to $11.00 and set a “neutral” rating for the company in a research report on Thursday. Stifel Nicolaus lowered their price objective on shares of V.F. from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday. BMO Capital Markets reduced their target price on shares of V.F. from $18.00 to $13.00 and set a “market perform” rating for the company in a report on Thursday. Finally, Wedbush lowered their price target on shares of V.F. from $15.50 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.65.

V.F. Stock Down 3.7 %

Shares of NYSE VFC traded down $0.46 during mid-day trading on Thursday, reaching $11.87. 16,526,636 shares of the company’s stock were exchanged, compared to its average volume of 8,767,686. The company has a current ratio of 1.23, a quick ratio of 0.70 and a debt-to-equity ratio of 2.25. The business has a fifty day simple moving average of $13.34 and a 200 day simple moving average of $15.67. V.F. has a twelve month low of $11.00 and a twelve month high of $21.17. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of -6.00, a PEG ratio of 1.40 and a beta of 1.49.

V.F. (NYSE:VFC) last issued its quarterly earnings data on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.34). The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.42 billion. V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The firm’s revenue was down 13.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 EPS. As a group, equities analysts expect that V.F. will post 1.06 EPS for the current fiscal year.

Institutional Trading of V.F.

Large investors have recently bought and sold shares of the business. Wolff Wiese Magana LLC lifted its holdings in shares of V.F. by 2,835.6% in the fourth quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock worth $25,000 after acquiring an additional 1,276 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in V.F. in the 4th quarter valued at approximately $25,000. Mather Group LLC. acquired a new stake in V.F. in the first quarter valued at approximately $27,000. Future Financial Wealth Managment LLC acquired a new position in shares of V.F. during the first quarter worth $31,000. Finally, Allworth Financial LP lifted its stake in shares of V.F. by 111.5% in the 4th quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 958 shares during the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

V.F. Company Profile

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