BMO Capital Markets Issues Positive Forecast for VF (NYSE:VFC) Stock Price

VF (NYSE:VFC) had its target price lifted by BMO Capital Markets from $14.00 to $25.00 in a research note published on Thursday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the textile maker’s stock.

A number of other research analysts have also recently issued reports on VFC. Wells Fargo & Company cut shares of VF from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $16.00 to $15.00 in a report on Monday, October 14th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $21.00 price objective on shares of VF in a report on Wednesday. Citigroup upped their target price on VF from $20.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Jefferies Financial Group lifted their price target on VF from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Robert W. Baird increased their price objective on shares of VF from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, VF has a consensus rating of “Hold” and a consensus price target of $22.47.

VF Price Performance

VFC opened at $26.88 on Thursday. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. VF has a 12 month low of $11.00 and a 12 month high of $29.02. The business has a 50 day simple moving average of $22.12 and a 200-day simple moving average of $19.65.

VF (NYSE:VFC) last released its earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a positive return on equity of 15.35% and a negative net margin of 4.63%. During the same period in the prior year, the company earned $0.57 earnings per share. On average, research analysts anticipate that VF will post 0.48 EPS for the current year.

VF Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.34%. The ex-dividend date is Monday, March 10th. VF’s dividend payout ratio (DPR) is -30.25%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. CKW Financial Group increased its position in VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares during the last quarter. Arkadios Wealth Advisors grew its stake in shares of VF by 5.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock valued at $481,000 after buying an additional 1,217 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of VF during the 3rd quarter worth $40,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of VF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after buying an additional 3,008 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in VF by 44.7% in the third quarter. GAMMA Investing LLC now owns 27,906 shares of the textile maker’s stock valued at $557,000 after acquiring an additional 8,615 shares during the last quarter. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

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.