Does VF Corp. (NYSE:VFC) have deteriorating prospects?

VF Corp. (NYSE:VFC) shares traded 4.66% higher at $15.50 on Wall Street last session.

In accordance with the data, 24 analysts cover VF Corp. (NYSE:VFC). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $33.00 and a low of $15.00, we find $17.00. Given the previous closing price of $14.81, this indicates a potential upside of 14.79 percent. VFC stock price is now -11.47% away from the 50-day moving average and -25.66% away from the 200-day moving average. The market capitalization of the company currently stands at $6.03B.

It has been rated a hold by 13 analysts and a buy by 8. Brokers who have rated the stock have averaged $19.05 as their price target over the next twelve months.

With the price target reduced from $28 to $20, Piper Sandler Downgraded its rating from Overweight to Neutral for VF Corp. (NYSE: VFC).

In other news, Carucci Richard, Director bought 40,000 shares of the company’s stock on Aug 09. The stock was bought for $763,644 at an average price of $19.09. Upon completion of the transaction, the Director now directly owns 162,699 shares in the company, valued at $2.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15, Director Roberts Carol L bought 7,109 shares of the business’s stock. A total of $149,786 was incurred on buying the stock at an average price of $21.07. This leaves the insider owning 7,109 shares of the company worth $0.11 million. Insiders disposed of 39,093 shares of company stock worth roughly $0.61 million over the past 1 year. A total of 5.53% of the company’s stock is owned by insiders.

VF Corp. (NYSE: VFC) opened at $15.10 on Friday. During the past 12 months, VF Corp. has had a low of $12.85 and a high of $34.90. As of last week, the company has a debt-to-equity ratio of 3.53, a current ratio of 1.48, and a quick ratio of 0.78. The fifty day moving average price for VFC is $17.43 and a two-hundred day moving average price translates $20.78 for the stock.

The latest earnings results from VF Corp. (NYSE: VFC) was released for Sep, 2023. According to the Apparel Manufacturing Company, earnings per share came in at -$0.15, missing analysts’ expectations of -$0.11 by -0.04. This compares to -$0.14 EPS in the same period last year. The net profit margin was -1.89% and return on equity was -8.13% for VFC. The company reported revenue of $2.09 billion for the quarter, compared to $2.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.75 percent. For the current quarter, analysts expect VFC to generate $3.02B in revenue.

VF Corp.(VFC) Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work. The company offers outdoor, merino wool and other natural fibers-based, lifestyle, and casual apparel; footwear; equipment; accessories; outdoor-inspired, performance-based, youth culture/action sports-inspired, streetwear, and protective work footwear; handbags, luggage, backpacks, and totes; and work and work-inspired lifestyle apparel and footwear. It provides its products under The North Face, Timberland, Smartwool, Icebreaker, Altra, Vans, Supreme, Kipling, Napapijri, Eastpak, JanSport, Dickies, and Timberland PRO brand names. The company sells its products primarily to specialty stores, department stores, national chains, and mass merchants, as well as sells through direct-to-consumer operations, including retail stores, concession retail stores, and e-commerce sites, and other digital platforms. V.F. Corporation was founded in 1899 and is headquartered in Denver, Colorado.

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