VF (NYSE:VFC) Now Covered by Needham & Company LLC

Needham & Company LLC assumed coverage on shares of VF (NYSE:VFC) in a report issued on Wednesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $28.00 price objective on the textile maker’s stock.

Several other brokerages also recently weighed in on VFC. OTR Global raised shares of VF from a “mixed” rating to a “positive” rating in a research note on Friday, January 10th. UBS Group upped their price objective on shares of VF from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. upped their price objective on shares of VF from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. StockNews.com raised shares of VF from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. Finally, Truist Financial reaffirmed a “hold” rating and set a $24.00 price objective (up previously from $20.00) on shares of VF in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.75.

VF Stock Performance

NYSE:VFC opened at $24.15 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. VF has a 52-week low of $11.00 and a 52-week high of $29.02. The stock has a fifty day simple moving average of $22.96 and a 200-day simple moving average of $20.26.

VF (NYSE:VFC) last released its quarterly 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 14.86% and a negative net margin of 4.63%. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Equities research analysts predict that VF will post 0.7 earnings per share for the current year.

VF Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Monday, March 10th. VF’s payout ratio is -30.25%.

Institutional Investors Weigh In On VF

Institutional investors and hedge funds have recently made changes to their positions in the company. Segall Bryant & Hamill LLC increased its position in 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 buying an additional 65,919 shares during the period. Hanseatic Management Services Inc. acquired a new stake in VF in the third quarter worth $640,000. TB Alternative Assets Ltd. acquired a new stake in VF in the fourth quarter worth $1,878,000. Sanctuary Advisors LLC acquired a new stake in VF in the second quarter worth $241,000. Finally, Arkadios Wealth Advisors increased its position in VF by 5.3% in the third quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after buying an additional 1,217 shares during the period. 86.84% of the stock is 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.