VF (NYSE:VFC) Price Target Raised to $28.00

VF (NYSE:VFC) had its target price boosted by UBS Group from $24.00 to $28.00 in a report published on Thursday,Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

A number of other equities research analysts have also issued reports on VFC. Barclays upped their price objective on shares of VF from $29.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Company downgraded shares of VF from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $16.00 to $15.00 in a report on Monday, October 14th. The Goldman Sachs Group upped their price objective on VF from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday. BMO Capital Markets raised their target price on VF from $14.00 to $25.00 and gave the stock a “market perform” rating in a research note on Thursday. Finally, TD Cowen upped their price target on VF from $16.00 to $19.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.47.

VF Stock Down 3.5 %

VFC stock 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. The firm has a 50-day moving average of $22.41 and a two-hundred day moving average of $19.79. VF has a 12 month low of $11.00 and a 12 month high of $29.02. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86.

VF (NYSE:VFC) last announced its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, topping analysts’ consensus estimates 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 prior year, the business earned $0.57 EPS. As a group, analysts forecast that VF will post 0.48 earnings per share for the current fiscal year.

VF Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be paid a $0.09 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.39%. VF’s dividend payout ratio (DPR) is -30.25%.

Institutional Trading of VF

Hedge funds have recently modified their holdings of the stock. Future Financial Wealth Managment LLC purchased a new stake in VF during the 3rd quarter worth about $40,000. CKW Financial Group grew its position in shares of VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after buying an additional 500 shares in the last quarter. 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 buying an additional 3,008 shares during the period. Sanctuary Advisors LLC acquired a new stake in VF in the second quarter valued at approximately $241,000. Finally, Quent Capital LLC lifted its stake in VF by 1,917.1% in the third quarter. Quent Capital LLC now owns 12,627 shares of the textile maker’s stock worth $247,000 after acquiring an additional 12,001 shares during the last quarter. 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.