V.F. (NYSE:VFC) Price Target Lowered to $11.00 at Citigroup

V.F. (NYSE:VFC) had its target price lowered by analysts at Citigroup from $13.00 to $11.00 in a report released on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the textile maker’s stock. Citigroup’s target price indicates a potential downside of 8.26% from the stock’s current price.

Several other research analysts have also commented on VFC. Telsey Advisory Group reiterated a “market perform” rating and set a $13.00 price target (down previously from $18.00) on shares of V.F. in a report on Thursday. StockNews.com raised V.F. from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. UBS Group dropped their target price on V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, February 5th. Wells Fargo & Company dropped their target price on V.F. from $14.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, TD Cowen dropped their target price on V.F. from $14.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $14.59.

V.F. Price Performance

VFC stock traded down $0.34 during midday trading on Thursday, reaching $11.99. The stock had a trading volume of 18,453,097 shares, compared to its average volume of 8,787,975. The company’s fifty day simple moving average is $13.34 and its 200 day simple moving average is $15.67. 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 company has a market cap of $4.66 billion, a price-to-earnings ratio of -6.09, a price-to-earnings-growth ratio of 1.40 and a beta of 1.49. V.F. has a 52-week low of $11.00 and a 52-week high of $21.17.

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

Institutional Investors Weigh In On V.F.

Institutional investors have recently added to or reduced their stakes in the business. Yousif Capital Management LLC lifted its stake in V.F. by 1.5% in the third quarter. Yousif Capital Management LLC now owns 59,071 shares of the textile maker’s stock valued at $1,044,000 after buying an additional 880 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in V.F. by 8.8% in the third quarter. Daiwa Securities Group Inc. now owns 29,244 shares of the textile maker’s stock valued at $517,000 after buying an additional 2,362 shares during the last quarter. SteelPeak Wealth LLC purchased a new stake in V.F. in the third quarter valued at approximately $227,000. Empower Advisory Group LLC lifted its stake in V.F. by 14.0% in the third quarter. Empower Advisory Group LLC now owns 397,256 shares of the textile maker’s stock valued at $7,020,000 after buying an additional 48,754 shares during the last quarter. Finally, Ieq Capital LLC purchased a new stake in V.F. in the third quarter valued at approximately $233,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

About V.F.

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.