VF (NYSE:VFC) Price Target Raised to $19.00

VF (NYSE:VFC) had its price target lifted by stock analysts at TD Cowen from $16.00 to $19.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the textile maker’s stock. TD Cowen’s target price suggests a potential downside of 8.08% from the company’s previous close.

Other analysts have also issued research reports about the stock. Jefferies Financial Group assumed coverage on shares of VF in a research report on Friday, September 27th. They issued a “hold” rating and a $20.00 target price on the stock. Telsey Advisory Group raised their target price on shares of VF from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Tuesday. BMO Capital Markets lifted their price target on shares of VF from $13.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. Robert W. Baird lifted their price target on shares of VF from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Wells Fargo & Company lowered shares of VF from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $16.00 to $15.00 in a report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $18.18.

VF Price Performance

NYSE:VFC traded up $3.64 during mid-day trading on Tuesday, reaching $20.67. The stock had a trading volume of 19,049,248 shares, compared to its average volume of 8,250,470. The stock has a 50-day simple moving average of $18.52 and a two-hundred day simple moving average of $15.58. The stock has a market capitalization of $8.04 billion, a PE ratio of -6.95, a P/E/G ratio of 3.27 and a beta of 1.53. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.99 and a quick ratio of 0.51. VF has a 12 month low of $11.00 and a 12 month high of $21.93.

VF (NYSE:VFC) last announced its quarterly earnings data on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.72 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. On average, equities analysts anticipate that VF will post 0.6 earnings per share for the current year.

Insider Transactions at VF

In other VF news, Director Richard Carucci bought 15,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was bought at an average cost of $16.70 per share, with a total value of $250,500.00. Following the completion of the transaction, the director now directly owns 230,178 shares in the company, valued at approximately $3,843,972.60. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in VF by 328.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock worth $21,922,000 after purchasing an additional 1,244,448 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of VF by 90.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock valued at $2,737,000 after acquiring an additional 96,442 shares during the period. Murphy Pohlad Asset Management LLC bought a new position in shares of VF during the 2nd quarter valued at approximately $1,668,000. Smith Thornton Advisors LLC bought a new position in shares of VF during the 2nd quarter valued at approximately $436,000. Finally, Scientech Research LLC grew its position in shares of VF by 220.1% during the 2nd quarter. Scientech Research LLC now owns 93,861 shares of the textile maker’s stock valued at $1,267,000 after acquiring an additional 64,541 shares during the period. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

About VF

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.