VF (NYSE:VFC) Stock Price Expected to Rise, Robert W. Baird Analyst Says

VF (NYSE:VFC) had its price target hoisted by research analysts at Robert W. Baird from $23.00 to $28.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the textile maker’s stock. Robert W. Baird’s target price indicates a potential upside of 5.27% from the stock’s previous close.

VFC has been the subject of a number of other research reports. Stifel Nicolaus increased their price target on VF from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Barclays boosted their price target on VF from $29.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday. Argus upgraded shares of VF from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, December 17th. Guggenheim upped their target price on shares of VF from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of VF from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, VF has a consensus rating of “Hold” and a consensus price target of $21.00.

VF Stock Up 4.1 %

Shares of NYSE:VFC traded up $1.04 during trading on Thursday, reaching $26.60. 3,425,064 shares of the stock traded hands, compared to its average volume of 6,600,919. The stock has a market cap of $10.36 billion, a P/E ratio of -15.37, a price-to-earnings-growth ratio of 9.74 and a beta of 1.45. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.88 and a current ratio of 1.30. The stock has a 50-day moving average of $22.12 and a two-hundred day moving average of $19.65. VF has a 52-week low of $11.00 and a 52-week high of $29.02.

VF (NYSE:VFC) last announced its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. During the same quarter in the prior year, the firm posted $0.57 EPS. As a group, sell-side analysts expect that VF will post 0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VFC. CKW Financial Group raised its holdings 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 buying an additional 500 shares during the last quarter. TB Alternative Assets Ltd. purchased a new position in VF in the 4th quarter worth $1,878,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in VF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after acquiring an additional 3,008 shares during the period. Fiduciary Alliance LLC increased its holdings in shares of VF by 6.8% in the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after purchasing an additional 16,431 shares during the period. Finally, Segall Bryant & Hamill LLC raised its stake in shares of 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 purchasing an additional 65,919 shares during the last quarter. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

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.