VF (NYSE:VFC) Stock Price Expected to Rise, Barclays Analyst Says

VF (NYSE:VFC) had its price target lifted by Barclays from $25.00 to $29.00 in a research note released on Thursday,Benzinga reports. They currently have an overweight rating on the textile maker’s stock.

Other equities research analysts have also issued research reports about the stock. TD Cowen raised their target price on shares of VF from $16.00 to $19.00 and gave the stock a “hold” rating in a report on Tuesday, October 29th. Citigroup upped their price objective on VF from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Stifel Nicolaus boosted their target price on shares of VF from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Argus raised shares of 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. Finally, The Goldman Sachs Group started coverage on shares of VF in a research note on Friday, October 11th. They set a “neutral” rating and a $20.00 price target for the company. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.63.

VF Stock Up 0.2 %

Shares of NYSE VFC opened at $23.71 on Thursday. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of -13.70, a P/E/G ratio of 8.84 and a beta of 1.45. VF has a 12-month low of $11.00 and a 12-month high of $24.00. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86. The firm’s 50-day moving average price is $21.23 and its 200-day moving average price is $18.92.

VF (NYSE:VFC) last announced its earnings results on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.19. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter in the previous year, the business earned $0.63 EPS. The company’s quarterly revenue was down 5.6% on a year-over-year basis. On average, equities research analysts anticipate that VF will post 0.48 EPS for the current fiscal year.

VF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Tuesday, December 10th. VF’s payout ratio is currently -20.81%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in VFC. Future Financial Wealth Managment LLC purchased a new stake in VF in the 3rd quarter worth $40,000. Abich Financial Wealth Management LLC acquired a new stake in shares of VF in the second quarter valued at about $60,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of VF by 100.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after purchasing an additional 3,008 shares in the last quarter. Legacy Financial Advisors Inc. acquired a new position in shares of VF during the 2nd quarter worth about $158,000. Finally, Citizens Financial Group Inc. RI purchased a new position in VF in the 2nd quarter valued at about $196,000. 86.84% of the stock is 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.