V.F. (NYSE:VFC) Given New $18.00 Price Target at UBS Group

by · The Cerbat Gem

V.F. (NYSE:VFC – Get Free Report) had its target price cut by UBS Group from $20.00 to $18.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the textile maker’s stock. UBS Group’s price target points to a potential upside of 11.65% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. restated an “underweight” rating and set a $18.00 price objective (down from $19.00) on shares of V.F. in a research report on Monday, February 23rd. Wells Fargo & Company reduced their price objective on shares of V.F. from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday. Weiss Ratings upgraded shares of V.F. from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Evercore set a $18.00 price objective on shares of V.F. in a research report on Thursday. Finally, Truist Financial reduced their price objective on shares of V.F. from $18.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, V.F. has an average rating of “Hold” and a consensus price target of $18.39.

View Our Latest Stock Analysis on VFC

V.F. Price Performance

NYSE:VFC traded down $0.09 during trading hours on Thursday, reaching $16.12. 17,650,468 shares of the company were exchanged, compared to its average volume of 7,159,340. The company has a current ratio of 1.55, a quick ratio of 1.03 and a debt-to-equity ratio of 1.99. The stock’s 50-day moving average is $17.86 and its 200-day moving average is $18.20. The firm has a market cap of $6.31 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 0.84 and a beta of 1.62. V.F. has a twelve month low of $11.06 and a twelve month high of $22.27.

Institutional Investors Weigh In On V.F.

A number of hedge funds have recently modified their holdings of the business. Optimize Financial Inc raised its position in shares of V.F. by 1.5% in the fourth quarter. Optimize Financial Inc now owns 40,379 shares of the textile maker’s stock valued at $730,000 after buying an additional 580 shares during the last quarter. Parallel Advisors LLC raised its position in shares of V.F. by 27.9% in the first quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock valued at $46,000 after buying an additional 588 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of V.F. by 59.7% in the third quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock valued at $40,000 after purchasing an additional 1,027 shares during the period. Root Financial Partners LLC grew its holdings in shares of V.F. by 282.9% in the first quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 2,255 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of V.F. by 30.5% in the fourth quarter. GAMMA Investing LLC now owns 10,987 shares of the textile maker’s stock valued at $199,000 after purchasing an additional 2,570 shares during the period. 86.84% of the stock is currently owned by institutional investors and hedge funds.

Key V.F. News

Here are the key news stories impacting V.F. this week:

  • Positive Sentiment: V.F. reported fiscal Q4 results that topped expectations, with break-even EPS versus a small expected loss and revenue above estimates, while management said the company returned to full-year revenue growth and is seeing margin expansion and lower debt. Article Title
  • Positive Sentiment: Several reports highlighted improving momentum at brands like The North Face and Timberland, along with early signs of recovery in Vans, which supports the view that a turnaround is underway. Article Title
  • Neutral Sentiment: V.F. also announced a quarterly dividend of $0.09 per share, which may support income-focused investors but is unlikely to be the main driver of the stock today. Article Title
  • Negative Sentiment: Truist and Wells Fargo both cut their price targets on V.F. and kept relatively cautious ratings, reinforcing investor concerns that the recovery may take time and that upside could be limited near term. Article Title
  • Negative Sentiment: Commentary around higher operating costs, tariff risk, and ongoing weakness at Vans suggests the earnings beat may not be enough to offset pressure on sentiment. Article Title

About V.F.

(Get Free Report)

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.

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