The Goldman Sachs Group Initiates Coverage on VF (NYSE:VFC)

Analysts at The Goldman Sachs Group assumed coverage on shares of VF (NYSE:VFC) in a research report issued on Friday, Marketbeat.com reports. The firm set a “neutral” rating and a $20.00 price target on the textile maker’s stock. The Goldman Sachs Group’s price target points to a potential downside of 1.62% from the company’s previous close.

Other analysts have also issued reports about the company. StockNews.com upgraded VF from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. 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 research note on Wednesday, September 18th. Evercore ISI raised their target price on VF from $14.00 to $16.00 and gave the company an “in-line” rating in a research note on Wednesday, August 7th. Wedbush restated a “neutral” rating and issued a $13.00 target price on shares of VF in a research note on Monday, August 5th. Finally, TD Cowen raised their target price on VF from $9.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.94.

VF Stock Up 0.4 %

Shares of NYSE VFC opened at $20.33 on Friday. The stock has a market cap of $7.91 billion, a PE ratio of -6.73, a PEG ratio of 2.27 and a beta of 1.53. The business has a fifty day moving average of $18.26 and a two-hundred day moving average of $15.26. VF has a 52-week low of $11.00 and a 52-week high of $21.40. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99.

VF (NYSE:VFC) last issued its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.85 billion. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The business’s revenue was down 8.9% on a year-over-year basis. During the same period last year, the business earned ($0.15) earnings per share. As a group, equities research analysts expect that VF will post 0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Richard Carucci bought 15,000 shares of VF stock in a transaction on Thursday, August 22nd. The shares were purchased at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the acquisition, the director now owns 230,178 shares in the company, valued at approximately $3,843,972.60. This 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 available at this hyperlink. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On VF

Institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in shares of VF by 328.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock valued at $21,922,000 after purchasing an additional 1,244,448 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of VF by 90.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock valued at $2,737,000 after purchasing an additional 96,442 shares in the last quarter. Compass Wealth Management LLC bought a new position in shares of VF during the 1st quarter valued at about $2,574,000. Virtu Financial LLC bought a new position in shares of VF during the 4th quarter valued at about $1,036,000. Finally, Murphy Pohlad Asset Management LLC bought a new position in shares of VF during the 2nd quarter valued at about $1,668,000. 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.