VF (NYSE:VFC) Stock Rating Lowered by StockNews.com

VF (NYSE:VFC) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.

Several other analysts have also issued reports on the company. Evercore ISI increased their price objective on VF from $14.00 to $16.00 and gave the stock an “in-line” rating in a report on Wednesday, August 7th. Barclays upgraded VF from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $19.00 to $22.00 in a report on Wednesday, September 18th. 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 report on Thursday, July 18th. TD Cowen raised their price target on VF from $9.00 to $16.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. Finally, BMO Capital Markets raised their price target on VF from $13.00 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, VF presently has a consensus rating of “Hold” and a consensus target price of $17.24.

VF Stock Performance

Shares of NYSE VFC opened at $19.60 on Friday. The stock has a fifty day moving average price of $18.50 and a two-hundred day moving average price of $15.41. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. The firm has a market cap of $7.63 billion, a P/E ratio of -7.84, a PEG ratio of 2.17 and a beta of 1.53. VF has a 1 year low of $11.00 and a 1 year high of $21.40.

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

Insider Activity

In other news, Director Richard Carucci bought 15,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were bought at an average cost of $16.70 per share, with a total value of $250,500.00. Following the acquisition, the director now owns 230,178 shares in the company, valued at $3,843,972.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Mather Group LLC. acquired a new position in shares of VF during the 1st quarter worth approximately $27,000. Future Financial Wealth Managment LLC acquired a new position in shares of VF during the 1st quarter worth approximately $31,000. Bank & Trust Co acquired a new position in shares of VF during the 2nd quarter worth approximately $35,000. Versant Capital Management Inc grew its position in shares of VF by 6,981.1% during the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock worth $35,000 after purchasing an additional 2,583 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of VF during the 1st quarter worth approximately $39,000. 86.84% of the stock is owned by institutional investors.

VF Company Profile

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.