V.F. (NYSE:VFC – Get Free Report) had its target price increased by equities researchers at Barclays from $24.00 to $28.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the textile maker’s stock. Barclays‘s price target indicates a potential upside of 35.14% from the company’s previous close.
A number of other analysts have also commented on VFC. Williams Trading set a $22.00 price target on V.F. in a report on Thursday, October 15th. Robert W. Baird increased their price target on shares of V.F. from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, October 29th. Wall Street Zen lowered shares of V.F. from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Piper Sandler upgraded shares of V.F. from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $16.00 to $20.00 in a research report on Tuesday, October 13th. Finally, Stifel Nicolaus decreased their price target on shares of V.F. from $19.00 to $17.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.89.
V.F. Stock Performance
NYSE VFC traded down $0.21 on Thursday, reaching $20.72. The stock had a trading volume of 8,126,722 shares, compared to its average volume of 7,748,285. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.47 and a quick ratio of 0.85. The company has a market cap of $8.16 billion, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 0.84 and a beta of 1.49. The firm has a fifty day moving average of $15.05 and a two-hundred day moving average of $16.97. V.F. has a 1-year low of $12.45 and a 1-year high of $22.27.
V.F. (NYSE:VFC – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The textile maker reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.16. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.66 billion. V.F. had a net margin of 3.93% and a return on equity of 21.78%. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. On average, equities research analysts anticipate that V.F. will post 1.18 EPS for the current year.
Insider Activity
In related news, Director Richard Carucci acquired 20,000 shares of the stock in a transaction on Thursday, August 13th. The stock was bought at an average cost of $14.73 per share, with a total value of $294,600.00. Following the transaction, the director directly owned 356,215 shares in the company, valued at approximately $5,247,046.95. This represents a 5.95% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.54% of the company’s stock.
Institutional Trading of V.F.
A number of institutional investors have recently made changes to their positions in VFC. Bank of New York Mellon Corp purchased a new stake in V.F. during the 2nd quarter valued at about $42,038,000. Squarepoint Ops LLC boosted its stake in V.F. by 298.1% during the second quarter. Squarepoint Ops LLC now owns 1,782,904 shares of the textile maker’s stock worth $29,739,000 after buying an additional 1,335,057 shares during the last quarter. Varenne Capital Partners purchased a new position in V.F. during the second quarter worth about $13,671,000. Assenagon Asset Management S.A. grew its position in V.F. by 242.3% in the third quarter. Assenagon Asset Management S.A. now owns 765,146 shares of the textile maker’s stock worth $10,758,000 after acquiring an additional 541,627 shares during the period. Finally, Madison Asset Management LLC purchased a new stake in V.F. in the 2nd quarter valued at about $3,913,000. Institutional investors and hedge funds own 86.84% of the company’s stock.
V.F. Company Profile
V.F. Corporation, commonly known as VF Corporation, is a global apparel, footwear and accessories company. Its brand portfolio includes The North Face, Vans, Timberland, Dickies, JanSport, Smartwool, Icebreaker, Kipling, Eastpak and Napapijri. These brands serve outdoor, active, workwear, lifestyle and youth-oriented markets.
VF sells products through wholesale partners, company-operated retail stores, brand websites and other digital channels. Its offerings include jackets, outdoor and performance apparel, footwear, backpacks, luggage and workwear.
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