VF (NYSE:VFC) Raised to Buy at Argus

Argus upgraded shares of VF (NYSE:VFC) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning, MarketBeat.com reports. Argus currently has $25.00 price target on the textile maker’s stock.

A number of other analysts have also recently issued reports on the stock. Stifel Nicolaus lifted 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. Truist Financial initiated coverage on shares of VF in a report on Thursday, December 5th. They issued a “hold” rating and a $20.00 price objective for the company. Wells Fargo & Company lowered VF from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $16.00 to $15.00 in a report on Monday, October 14th. Jefferies Financial Group assumed coverage on VF in a research note on Friday, September 27th. They issued a “hold” rating and a $20.00 price objective on the stock. Finally, Robert W. Baird increased their price target on VF from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $19.11.

VF Trading Down 2.6 %

NYSE VFC opened at $21.67 on Tuesday. The company has a market capitalization of $8.44 billion, a PE ratio of -12.53, a price-to-earnings-growth ratio of 8.19 and a beta of 1.49. VF has a 1-year low of $11.00 and a 1-year high of $23.49. 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 fifty day simple moving average is $20.21 and its 200-day simple moving average is $17.70.

VF (NYSE:VFC) last issued its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.19. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. The business’s revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 EPS. As a group, sell-side analysts anticipate that VF will post 0.48 earnings per share for the current fiscal year.

VF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.66%. VF’s dividend payout ratio (DPR) is currently -20.81%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC grew its stake in shares of VF by 1.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock valued at $73,084,000 after purchasing an additional 65,919 shares during the period. Hanseatic Management Services Inc. bought a new stake in VF in the third quarter valued at $640,000. Arkadios Wealth Advisors raised its stake in VF by 5.3% during the third quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after acquiring an additional 1,217 shares in the last quarter. Fiduciary Alliance LLC lifted its holdings in shares of VF by 18.9% during the third quarter. Fiduciary Alliance LLC now owns 240,100 shares of the textile maker’s stock valued at $4,790,000 after acquiring an additional 38,088 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of VF in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

About VF

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.