V.F. (NYSE: VFC)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued on Thursday, Stock Ratings Network reports. They currently have a $195.00 target price on the stock. Zacks‘ price target would indicate a potential upside of 5.54% from the stock’s previous close.
Zacks‘ analyst wrote, “We remain impressed with V.F. Corporation’s consistent positive earnings surprise trend, strong organic revenue growth, and upbeat guidance. The company reported strong first-quarter 2013 results which prompted management to raise its earnings guidance for 2013. We believe that V.F. Corporation’s initiatives to capitalize on opportunities in emerging markets, along with its focus on core business activities augur well for future operating performance. Moreover, the company’s growth prospects look promising, given its sustained focus on strategic acquisitions and the expansion of its global operations – which will boost its top and bottom lines. However, we remain slightly cautious about the stock due to prevailing soft macroeconomic conditions, stiff competition, and volatile raw material prices. Therefore, we are maintaining our long-term Neutral recommendation on the stock.”
V.F. (NYSE: VFC) opened at 184.77 on Thursday. V.F. has a 1-year low of $129.53 and a 1-year high of $187.91. The stock’s 50-day moving average is currently $180.5. The company has a market cap of $20.237 billion and a price-to-earnings ratio of 18.11.
V.F. (NYSE: VFC) last announced its earnings results on Friday, April 26th. The company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.25. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the company posted $1.94 earnings per share. V.F.’s revenue was up 2.2% compared to the same quarter last year. V.F. has set its FY13 guidance at $10.75 EPS. On average, analysts predict that V.F. will post $10.85 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of V.F. in a research note to investors on Tuesday. Finally, analysts at Wells Fargo downgraded shares of V.F. from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, May 21st. They noted that the move was a valuation call.
Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $188.92.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 20th. Shareholders of record on Monday, June 10th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, June 6th.
V.F. Corporation (NYSE: VFC) is a global apparel company based in the United States.
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