VF (NYSE:VFC) Rating Increased to Buy at Argus

VF (NYSE:VFC) was upgraded by investment analysts at Argus from a “hold” rating to a “buy” rating in a report released on Tuesday, Marketbeat.com reports. The brokerage currently has a $25.00 price objective on the textile maker’s stock. Argus’ price objective indicates a potential upside of 12.36% from the stock’s current price.

A number of other equities analysts have also issued reports on VFC. Stifel Nicolaus raised their price target on VF from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, October 14th. The Goldman Sachs Group assumed coverage on VF in a research note on Friday, October 11th. They issued a “neutral” rating and a $20.00 target price on the stock. Citigroup upped their price target on VF from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. StockNews.com raised VF from a “sell” rating to a “hold” rating in a report on Saturday, October 26th. Finally, Guggenheim boosted their price objective on shares of VF from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $19.11.

VF Price Performance

VFC stock opened at $22.25 on Tuesday. The business has a 50 day simple moving average of $20.18 and a 200-day simple moving average of $17.67. The company has a market capitalization of $8.66 billion, a P/E ratio of -12.86, a PEG ratio of 8.19 and a beta of 1.49. VF has a twelve month low of $11.00 and a twelve month 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.

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

Institutional Trading of VF

A number of institutional investors have recently bought and sold shares of the company. Segall Bryant & Hamill LLC raised its stake in shares of VF by 1.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after buying an additional 65,919 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of VF by 328.0% in the second quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock valued at $21,922,000 after purchasing an additional 1,244,448 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of VF by 90.7% during the 2nd 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 purchasing an additional 96,442 shares in the last quarter. Hanseatic Management Services Inc. acquired a new position in shares of VF during the 3rd quarter worth approximately $640,000. Finally, Smith Thornton Advisors LLC purchased a new stake in VF in the 2nd quarter valued at approximately $436,000. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

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.