Wells Fargo & Company Raises VF (NYSE:VFC) Price Target to $21.00

VF (NYSE:VFC) had its price target upped by stock analysts at Wells Fargo & Company from $17.00 to $21.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the textile maker’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 19.18% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Barclays lifted their price target on VF from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday. Argus raised VF from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, December 17th. Robert W. Baird lifted their price target on VF from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday. Jefferies Financial Group lifted their price target on VF from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, BMO Capital Markets boosted their target price on VF from $14.00 to $25.00 and gave the stock a “market perform” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, VF presently has an average rating of “Hold” and a consensus price target of $22.47.

VF Stock Performance

Shares of VF stock opened at $25.99 on Thursday. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86. The firm has a market capitalization of $10.12 billion, a P/E ratio of -21.84, a P/E/G ratio of 10.01 and a beta of 1.45. The business has a fifty day simple moving average of $22.28 and a two-hundred day simple moving average of $19.70. VF has a 12 month low of $11.00 and a 12 month high of $29.02.

VF (NYSE:VFC) last announced its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, beating the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 15.35% and a negative net margin of 4.63%. During the same quarter last year, the company earned $0.57 earnings per share. On average, equities analysts forecast that VF will post 0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC bought a new position in VF in the 3rd quarter worth approximately $40,000. CKW Financial Group boosted its stake in VF by 29.4% in the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in VF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after purchasing an additional 3,008 shares during the period. Sanctuary Advisors LLC bought a new position in VF in the 2nd quarter worth approximately $241,000. Finally, Quent Capital LLC raised its holdings in shares of VF by 1,917.1% during the 3rd quarter. Quent Capital LLC now owns 12,627 shares of the textile maker’s stock worth $247,000 after acquiring an additional 12,001 shares in the last quarter. 86.84% of the stock is currently owned by 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.