VF (NYSE:VFC) has been assigned a $78.00 price objective by equities researchers at DA Davidson in a research report issued on Tuesday. The firm presently has a “hold” rating on the textile maker’s stock. DA Davidson’s price target indicates a potential upside of 6.02% from the stock’s previous close.
Several other equities analysts have also issued reports on the company. Guggenheim restated a “buy” rating and set a $84.00 target price on shares of VF in a research report on Wednesday, January 10th. Robert W. Baird restated an “average” rating and set a $84.00 target price on shares of VF in a research report on Wednesday, January 3rd. Stifel Nicolaus set a $78.00 target price on VF and gave the stock a “hold” rating in a research report on Saturday, December 16th. Piper Jaffray Companies upgraded VF from a “neutral” rating to an “overweight” rating and set a $56.00 target price for the company in a research report on Monday, February 5th. Finally, Morgan Stanley boosted their target price on VF from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $75.10.
Shares of VF (VFC) opened at $73.57 on Tuesday. The firm has a market capitalization of $29,493.93, a PE ratio of 24.23, a price-to-earnings-growth ratio of 2.08 and a beta of 0.90. VF has a twelve month low of $51.22 and a twelve month high of $84.38. The company has a current ratio of 1.60, a quick ratio of 0.98 and a debt-to-equity ratio of 0.59.
VF (NYSE:VFC) last posted its earnings results on Friday, February 16th. The textile maker reported $1.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.01). The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.67 billion. VF had a return on equity of 31.49% and a net margin of 5.08%. VF’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 earnings per share. equities analysts anticipate that VF will post 3.47 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Cerebellum GP LLC bought a new stake in VF in the 4th quarter valued at approximately $131,000. Carroll Financial Associates Inc. lifted its stake in VF by 368.3% in the 4th quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock valued at $151,000 after acquiring an additional 1,613 shares in the last quarter. IFG Advisory LLC bought a new stake in VF in the 4th quarter valued at approximately $774,000. Alps Advisors Inc. bought a new stake in VF in the 4th quarter valued at approximately $205,000. Finally, Mission Wealth Management LP bought a new stake in VF in the 4th quarter valued at approximately $207,000. Institutional investors and hedge funds own 85.22% of the company’s stock.
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VF Company Profile
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.
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