VF (NYSE:VFC) Now Covered by Needham & Company LLC

Stock analysts at Needham & Company LLC assumed coverage on shares of VF (NYSE:VFC) in a research note issued on Wednesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $28.00 price target on the textile maker’s stock. Needham & Company LLC’s price target would indicate a potential upside of 14.97% from the stock’s current price.

A number of other research analysts have also weighed in on VFC. Argus raised VF from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, December 17th. The Goldman Sachs Group increased their price target on VF from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Citigroup increased their price target on VF from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. OTR Global raised VF from a “mixed” rating to a “positive” rating in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. increased their price target on VF from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, VF presently has a consensus rating of “Hold” and an average target price of $22.75.

VF Price Performance

Shares of NYSE:VFC opened at $24.36 on Wednesday. The business’s fifty day moving average price is $22.89 and its two-hundred day moving average price is $20.21. The stock has a market cap of $9.49 billion, a PE ratio of -20.47, a price-to-earnings-growth ratio of 6.57 and a beta of 1.46. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56. VF has a one year low of $11.00 and a one year high of $29.02.

VF (NYSE:VFC) last announced 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 14.86% and a negative net margin of 4.63%. During the same quarter in the previous year, the firm posted $0.57 EPS. On average, analysts forecast that VF will post 0.7 EPS for the current fiscal year.

Institutional Trading of VF

Several large investors have recently modified their holdings of the business. Segall Bryant & Hamill LLC grew its stake in VF by 1.8% in the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after purchasing an additional 65,919 shares in the last quarter. Hanseatic Management Services Inc. acquired a new position in VF in the third quarter worth about $640,000. TB Alternative Assets Ltd. acquired a new position in VF in the fourth quarter worth about $1,878,000. Sanctuary Advisors LLC acquired a new position in VF in the second quarter worth about $241,000. Finally, Arkadios Wealth Advisors grew its stake in VF by 5.3% in the third quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after purchasing an additional 1,217 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

About VF

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.