VF (NYSE:VFC) had its target price reduced by research analysts at UBS Group from $97.00 to $93.00 in a note issued to investors on Friday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the textile maker’s stock. UBS Group’s price objective indicates a potential upside of 10.02% from the company’s current price.
A number of other brokerages have also weighed in on VFC. Wedbush reduced their price objective on shares of VF from $98.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday. Credit Suisse Group lifted their price target on shares of VF from $104.00 to $116.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Susquehanna Bancshares reiterated a “buy” rating and set a $119.00 price target on shares of VF in a research note on Tuesday, January 21st. Barclays started coverage on shares of VF in a research note on Tuesday, November 12th. They set an “overweight” rating and a $103.00 price target on the stock. Finally, ValuEngine lowered shares of VF from a “buy” rating to a “hold” rating in a research note on Friday, November 29th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $100.67.
Shares of VFC opened at $84.53 on Friday. VF has a twelve month low of $76.77 and a twelve month high of $100.25. The firm’s fifty day simple moving average is $95.58 and its 200-day simple moving average is $88.54. The firm has a market capitalization of $34.11 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 2.29 and a beta of 1.19. The company has a current ratio of 1.99, a quick ratio of 1.20 and a debt-to-equity ratio of 0.67.
VF (NYSE:VFC) last announced its quarterly earnings data on Thursday, January 23rd. The textile maker reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.02. VF had a net margin of 10.54% and a return on equity of 31.14%. The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period last year, the business earned $1.31 EPS. The company’s revenue was up 4.9% on a year-over-year basis. On average, analysts predict that VF will post 3.3 earnings per share for the current fiscal year.
In other VF news, VP Kevin Bailey sold 21,314 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $83.14, for a total transaction of $1,772,045.96. Following the transaction, the vice president now directly owns 71,241 shares of the company’s stock, valued at approximately $5,922,976.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Clarence Otis, Jr. sold 16,930 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $91.14, for a total transaction of $1,543,000.20. Following the transaction, the director now directly owns 25,722 shares in the company, valued at $2,344,303.08. The disclosure for this sale can be found here. Insiders have sold a total of 193,826 shares of company stock worth $17,535,241 over the last quarter. 0.74% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of VFC. SevenBridge Financial Group LLC boosted its holdings in shares of VF by 2.4% in the fourth quarter. SevenBridge Financial Group LLC now owns 4,786 shares of the textile maker’s stock valued at $477,000 after acquiring an additional 110 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of VF by 19.9% in the third quarter. Meeder Asset Management Inc. now owns 693 shares of the textile maker’s stock valued at $62,000 after acquiring an additional 115 shares in the last quarter. Tompkins Financial Corp boosted its holdings in shares of VF by 16.8% in the fourth quarter. Tompkins Financial Corp now owns 800 shares of the textile maker’s stock valued at $80,000 after acquiring an additional 115 shares in the last quarter. Carroll Financial Associates Inc. boosted its holdings in shares of VF by 2.4% in the third quarter. Carroll Financial Associates Inc. now owns 5,203 shares of the textile maker’s stock valued at $463,000 after acquiring an additional 121 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in shares of VF by 8.0% in the third quarter. Benjamin Edwards Inc. now owns 1,648 shares of the textile maker’s stock valued at $147,000 after acquiring an additional 122 shares in the last quarter.
V.F. Corporation engages in the design, production, 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 four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.
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