VF (NYSE:VFC) Earns Buy Rating from Analysts at Needham & Company LLC

Needham & Company LLC began coverage on shares of VF (NYSE:VFC) in a research note released on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $28.00 price target on the textile maker’s stock.

A number of other research firms have also weighed in on VFC. Truist Financial reiterated a “hold” rating and issued a $24.00 price target (up previously from $20.00) on shares of VF in a research report on Thursday, January 30th. TD Cowen increased their price target on VF from $16.00 to $19.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th. Telsey Advisory Group reiterated a “market perform” rating and issued a $21.00 price target on shares of VF in a research report on Wednesday, January 29th. Robert W. Baird increased their price objective on VF from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Finally, Citigroup increased their price objective on VF from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Two 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. According to MarketBeat, VF has an average rating of “Hold” and an average price target of $22.75.

VF Trading Down 0.8 %

NYSE:VFC opened at $24.15 on Wednesday. The business has a fifty day moving average of $22.96 and a 200-day moving average of $20.26. VF has a 1 year low of $11.00 and a 1 year high of $29.02. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00.

VF (NYSE:VFC) last announced its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, beating the consensus estimate 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 company earned $0.57 earnings per share. As a group, sell-side analysts forecast that VF will post 0.7 earnings per share for the current year.

VF Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Monday, March 10th. VF’s dividend payout ratio is -30.25%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VFC. CKW Financial Group increased its holdings in shares of VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in 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 valued at $129,000 after buying an additional 3,008 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in VF in the 2nd quarter valued at approximately $241,000. Arkadios Wealth Advisors grew its holdings in VF by 5.3% in 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 last quarter. Finally, Hanseatic Management Services Inc. acquired a new stake in VF in the 3rd quarter valued at approximately $640,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

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.