V.F. Corporation (NYSE:VFC)‘s stock had its “underperform” rating reaffirmed by analysts at Bank of America Corporation in a report released on Tuesday. They currently have a $50.00 price target on the textile maker’s stock, up from their prior price target of $47.00. Bank of America Corporation’s target price would indicate a potential downside of 21.75% from the stock’s current price.

A number of other equities analysts have also recently issued reports on VFC. Vetr cut V.F. Corporation from a “sell” rating to a “strong sell” rating and set a $49.00 target price on the stock. in a report on Tuesday, April 18th. Stifel Nicolaus reiterated a “hold” rating and issued a $56.00 target price on shares of V.F. Corporation in a report on Sunday, April 23rd. B. Riley reiterated a “neutral” rating and issued a $53.00 target price on shares of V.F. Corporation in a report on Tuesday, April 25th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $49.00 target price (down from $52.00) on shares of V.F. Corporation in a report on Monday, May 1st. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $53.00 target price on shares of V.F. Corporation in a report on Friday, May 26th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $60.15.

V.F. Corporation (NYSE:VFC) traded up 0.63% during mid-day trading on Tuesday, hitting $63.90. 4,047,009 shares of the stock were exchanged. The stock has a 50 day moving average price of $59.34 and a 200 day moving average price of $55.13. V.F. Corporation has a 1-year low of $48.05 and a 1-year high of $65.20. The company has a market capitalization of $25.15 billion, a PE ratio of 24.38 and a beta of 0.78.

V.F. Corporation (NYSE:VFC) last issued its earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period last year, the business earned $0.35 EPS. V.F. Corporation’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts anticipate that V.F. Corporation will post $2.97 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in VFC. BlackRock Inc. raised its stake in shares of V.F. Corporation by 1,744.1% in the first quarter. BlackRock Inc. now owns 19,467,773 shares of the textile maker’s stock valued at $1,070,143,000 after buying an additional 18,412,097 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of V.F. Corporation by 13.9% in the first quarter. Wellington Management Group LLP now owns 33,920,937 shares of the textile maker’s stock valued at $1,864,633,000 after buying an additional 4,129,477 shares in the last quarter. Parnassus Investments CA raised its stake in shares of V.F. Corporation by 25.5% in the first quarter. Parnassus Investments CA now owns 13,480,236 shares of the textile maker’s stock valued at $724,090,000 after buying an additional 2,740,485 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of V.F. Corporation by 12,957.2% in the first quarter. Victory Capital Management Inc. now owns 2,675,683 shares of the textile maker’s stock valued at $147,083,000 after buying an additional 2,655,191 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of V.F. Corporation by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 5,808,796 shares of the textile maker’s stock valued at $319,309,000 after buying an additional 1,017,375 shares in the last quarter.

About V.F. Corporation

V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.

Analyst Recommendations for V.F. Corporation (NYSE:VFC)

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