VF (NYSE:VFC) PT Lowered to $16.00 at JPMorgan Chase & Co.

VF (NYSE:VFC) had its price objective reduced by JPMorgan Chase & Co. from $17.00 to $16.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the textile maker’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 12.66% from the company’s current price.

Other analysts have also recently issued reports about the company. Wedbush reissued a “neutral” rating and set a $13.00 target price on shares of VF in a research note on Monday, August 5th. Wells Fargo & Company upped their target price on VF from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Friday, September 6th. Stifel Nicolaus decreased their price target on VF from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. TD Cowen upped their price objective on VF from $9.00 to $16.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Finally, Barclays increased their price objective on VF from $12.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, VF currently has an average rating of “Hold” and a consensus price target of $15.81.

VF Price Performance

Shares of VFC stock traded down $0.38 during trading hours on Monday, hitting $18.32. 1,284,078 shares of the company’s stock were exchanged, compared to its average volume of 8,330,206. The stock’s 50-day moving average is $16.62 and its 200-day moving average is $14.67. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of -7.32, a price-to-earnings-growth ratio of 1.94 and a beta of 1.53. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.99 and a quick ratio of 0.51. VF has a 52 week low of $11.00 and a 52 week high of $20.69.

VF (NYSE:VFC) last posted 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. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the company posted ($0.15) EPS. VF’s revenue was down 8.9% on a year-over-year basis. As a group, research analysts forecast that VF will post 0.73 EPS for the current year.

Insider Activity at VF

In related news, Director Richard Carucci purchased 15,000 shares of VF stock in a transaction that occurred on Thursday, August 22nd. The stock was bought at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the transaction, the director now owns 230,178 shares in the company, valued at $3,843,972.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. bought a new stake in VF during the first quarter valued at $27,000. Future Financial Wealth Managment LLC purchased a new position in shares of VF during the first quarter worth about $31,000. Bank & Trust Co purchased a new stake in VF in the second quarter valued at approximately $35,000. Versant Capital Management Inc increased its holdings in shares of VF by 6,981.1% in the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock worth $35,000 after buying an additional 2,583 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in VF in the first quarter valued at $39,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

About VF

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.