VF (NYSE:VFC) Price Target Raised to $24.00 at Jefferies Financial Group

VF (NYSE:VFC) had its target price lifted by equities research analysts at Jefferies Financial Group from $21.00 to $24.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the textile maker’s stock. Jefferies Financial Group’s target price would suggest a potential downside of 9.45% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on VFC. TD Cowen lifted their price target on shares of VF from $16.00 to $19.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Guggenheim boosted their price target on VF from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group started coverage on VF in a report on Friday, October 11th. They issued a “neutral” rating and a $20.00 price objective on the stock. Argus raised shares of VF from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, December 17th. Finally, Stifel Nicolaus upped their price target on VF from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, VF currently has an average rating of “Hold” and a consensus target price of $19.84.

VF Stock Performance

VF stock traded up $0.51 during midday trading on Tuesday, hitting $26.50. 9,210,199 shares of the company were exchanged, compared to its average volume of 5,616,174. VF has a fifty-two week low of $11.00 and a fifty-two week high of $26.98. The firm has a market capitalization of $10.32 billion, a PE ratio of -15.32, a price-to-earnings-growth ratio of 9.74 and a beta of 1.45. The business has a fifty day simple moving average of $21.84 and a two-hundred day simple moving average of $19.52. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.88 and a current ratio of 1.30.

VF (NYSE:VFC) last posted its earnings results on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $2.72 billion. During the same period last year, the firm earned $0.63 EPS. The company’s quarterly revenue was down 5.6% on a year-over-year basis. On average, sell-side analysts forecast that VF will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On VF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VFC. Bank of Montreal Can raised its stake in shares of VF by 127.6% in the second quarter. Bank of Montreal Can now owns 62,046 shares of the textile maker’s stock valued at $878,000 after acquiring an additional 286,878 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of VF by 90.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock worth $2,737,000 after buying an additional 96,442 shares in the last quarter. TB Alternative Assets Ltd. purchased a new stake in shares of VF during the fourth quarter worth approximately $1,878,000. Segall Bryant & Hamill LLC lifted 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 acquiring an additional 65,919 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in VF by 26.7% during the 2nd quarter. Sei Investments Co. now owns 207,120 shares of the textile maker’s stock worth $2,796,000 after acquiring an additional 43,697 shares in the last quarter. Hedge funds and other institutional investors 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.