VF (NYSE:VFC) Hits New 52-Week High on Analyst Upgrade

VF Corporation (NYSE:VFC)’s share price reached a new 52-week high during mid-day trading on Tuesday after Jefferies Financial Group raised their price target on the stock from $21.00 to $24.00. Jefferies Financial Group currently has a hold rating on the stock. VF traded as high as $26.57 and last traded at $26.93, with a volume of 477217 shares changing hands. The stock had previously closed at $25.99.

Several other equities research analysts also recently issued reports on the company. Citigroup increased their target price on VF from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Truist Financial started coverage on VF in a research report on Thursday, December 5th. They set a “hold” rating and a $20.00 price target on the stock. Stifel Nicolaus boosted their price objective on shares of VF from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, October 14th. The Goldman Sachs Group started coverage on VF in a research report on Friday, October 11th. They set a “neutral” rating and a $20.00 price target on the stock. Finally, TD Cowen boosted their price objective on shares of VF from $16.00 to $19.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.84.

Institutional Trading of VF

Large investors have recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC acquired a new stake in shares of VF during the 3rd quarter worth approximately $40,000. CKW Financial Group raised its position in shares of VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after acquiring an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in VF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after acquiring an additional 3,008 shares during the last quarter. Quent Capital LLC lifted its position in VF by 1,917.1% in the third quarter. Quent Capital LLC now owns 12,627 shares of the textile maker’s stock valued at $247,000 after acquiring an additional 12,001 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in VF during the 2nd quarter worth $241,000. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

VF Stock Performance

The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. The company has a 50-day moving average of $21.98 and a 200-day moving average of $19.61.

VF (NYSE:VFC) last announced its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. During the same period in the prior year, the firm posted $0.57 earnings per share. As a group, equities research analysts forecast that VF Corporation will post 0.48 EPS for the current fiscal year.

VF Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.42%. VF’s dividend payout ratio is currently -20.81%.

VF Company Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.