VF (NYSE:VFC) Price Target Raised to $25.00

VF (NYSE:VFC) had its price target increased by BMO Capital Markets from $14.00 to $25.00 in a report released on Thursday,Benzinga reports. They currently have a market perform rating on the textile maker’s stock.

Several other equities research analysts have also commented on VFC. The Goldman Sachs Group boosted their target price on shares of VF from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday. Stifel Nicolaus upped their target price on shares of VF from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Jefferies Financial Group lifted their price target on shares of VF from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. OTR Global upgraded VF from a “mixed” rating to a “positive” rating in a report on Friday, January 10th. Finally, Citigroup boosted their target price on VF from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.47.

VF Stock Down 3.5 %

Shares of NYSE:VFC opened at $25.99 on Thursday. The company has a market cap of $10.12 billion, a price-to-earnings ratio of -21.84, a PEG ratio of 10.01 and a beta of 1.45. VF has a fifty-two week low of $11.00 and a fifty-two week high of $29.02. The firm’s 50-day simple moving average is $22.41 and its 200-day simple moving average is $19.79. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 2.86.

VF (NYSE:VFC) last released its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 15.35% and a negative net margin of 4.63%. During the same quarter in the previous year, the business posted $0.57 EPS. As a group, equities research analysts predict that VF will post 0.48 earnings per share for the current year.

VF Announces Dividend

The firm 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 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Monday, March 10th. VF’s dividend payout ratio (DPR) is -30.25%.

Hedge Funds Weigh In On VF

Several institutional investors have recently added to or reduced their stakes in VFC. Future Financial Wealth Managment LLC purchased a new stake in VF in the 3rd quarter valued at about $40,000. CKW Financial Group boosted its position in shares of VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $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 fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after purchasing an additional 3,008 shares during the period. Sanctuary Advisors LLC acquired a new position in VF during the second quarter worth approximately $241,000. Finally, Quent Capital LLC raised its stake in VF by 1,917.1% during the third quarter. Quent Capital LLC now owns 12,627 shares of the textile maker’s stock worth $247,000 after purchasing an additional 12,001 shares during the period. 86.84% of the stock is currently owned by institutional investors and hedge funds.

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.