V.F. (NYSE:VFC) Given New $90.00 Price Target at JPMorgan Chase & Co.

V.F. (NYSE:VFC) had its target price decreased by JPMorgan Chase & Co. from $106.00 to $90.00 in a research note issued to investors on Wednesday, The Fly reports. The firm presently has an “overweight” rating on the textile maker’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 33.61% from the company’s current price.

VFC has been the topic of several other research reports. Barclays lifted their target price on shares of V.F. from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Monday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of V.F. from $101.00 to $106.00 and gave the stock a “buy” rating in a research note on Monday, August 2nd. Bank of America started coverage on shares of V.F. in a research note on Tuesday, August 17th. They set an “underperform” rating on the stock. The Goldman Sachs Group assumed coverage on shares of V.F. in a research note on Wednesday, July 14th. They set a “sell” rating and a $79.00 target price on the stock. Finally, TheStreet upgraded V.F. from a “c” rating to a “b-” rating in a report on Friday, July 30th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, V.F. has a consensus rating of “Buy” and an average target price of $91.60.

V.F. stock opened at $67.36 on Wednesday. The company’s fifty day moving average price is $76.53 and its 200 day moving average price is $80.31. V.F. has a 1 year low of $65.34 and a 1 year high of $90.79. The stock has a market capitalization of $26.43 billion, a P/E ratio of 26.01, a P/E/G ratio of 0.88 and a beta of 1.41. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.09 and a current ratio of 1.49.

V.F. (NYSE:VFC) last released its quarterly earnings results on Thursday, July 29th. The textile maker reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.16. V.F. had a net margin of 9.83% and a return on equity of 26.99%. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the company earned ($0.57) EPS. The firm’s revenue for the quarter was up 104.4% compared to the same quarter last year. Sell-side analysts predict that V.F. will post 3.27 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of VFC. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in V.F. by 91.5% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 314 shares of the textile maker’s stock worth $26,000 after purchasing an additional 150 shares during the period. Penserra Capital Management LLC purchased a new stake in V.F. during the second quarter worth about $31,000. CSat Investment Advisory L.P. increased its stake in V.F. by 66.9% during the first quarter. CSat Investment Advisory L.P. now owns 409 shares of the textile maker’s stock worth $33,000 after purchasing an additional 164 shares during the period. Berman Capital Advisors LLC increased its stake in V.F. by 110.7% during the first quarter. Berman Capital Advisors LLC now owns 415 shares of the textile maker’s stock worth $33,000 after purchasing an additional 218 shares during the period. Finally, Freedman Financial Associates Inc. purchased a new stake in V.F. during the first quarter worth about $34,000. Hedge funds and other institutional investors own 82.24% of the company’s stock.

About V.F.

VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor, Active, and Work. The Outdoor segment refers to authentic outdoor-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.

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