VF (NYSE:VFC) PT Raised to $24.00

VF (NYSE:VFC) had its price objective lifted by research analysts at Citigroup from $20.00 to $24.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. Citigroup’s target price indicates a potential upside of 11.99% from the company’s previous close.

Several other analysts have also commented on VFC. Wells Fargo & Company lowered shares of VF from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $16.00 to $15.00 in a research report on Monday, October 14th. StockNews.com raised VF from a “sell” rating to a “hold” rating in a research note on Saturday. Argus upgraded shares of VF to a “hold” rating in a report on Wednesday, August 28th. Stifel Nicolaus boosted their price objective on shares of VF from $21.00 to $25.00 and gave the company a “buy” rating in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of VF from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, VF currently has a consensus rating of “Hold” and a consensus price target of $18.00.

VF Stock Up 25.8 %

VFC traded up $4.40 during trading on Tuesday, hitting $21.43. The stock had a trading volume of 15,458,584 shares, compared to its average volume of 8,233,289. VF has a twelve month low of $11.00 and a twelve month high of $21.93. The stock has a 50 day simple moving average of $18.52 and a two-hundred day simple moving average of $15.58. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. The company has a market capitalization of $8.34 billion, a PE ratio of -7.10, a PEG ratio of 3.27 and a beta of 1.53.

VF (NYSE:VFC) last released its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.19. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.72 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. VF’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. On average, research analysts predict that VF will post 0.6 earnings per share for the current year.

Insider Transactions at VF

In related news, Director Richard Carucci acquired 15,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were purchased at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the purchase, the director now owns 230,178 shares in the company, valued at $3,843,972.60. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On VF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank & Trust Co bought a new position in VF in the second quarter valued at approximately $35,000. Versant Capital Management Inc boosted its holdings in shares of VF by 6,981.1% in the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 2,583 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of VF in the 3rd quarter valued at $40,000. EverSource Wealth Advisors LLC grew its holdings in VF by 50.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock worth $41,000 after acquiring an additional 895 shares during the last quarter. Finally, Heritage Wealth Advisors boosted its holdings in VF by 527.6% in the first quarter. Heritage Wealth Advisors now owns 2,755 shares of the textile maker’s stock valued at $42,000 after acquiring an additional 2,316 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

VF Company Profile

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.