VF (NYSE:VFC) PT Raised to $25.00 at Stifel Nicolaus

VF (NYSE:VFC) had its price target lifted by equities researchers at Stifel Nicolaus from $21.00 to $25.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the textile maker’s stock. Stifel Nicolaus’ price target indicates a potential upside of 26.52% from the company’s current price.

Several other research firms have also recently issued reports on VFC. JPMorgan Chase & Co. decreased their target price on shares of VF from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. BMO Capital Markets upped their price objective on shares of VF from $13.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. TD Cowen upped their price target on VF from $9.00 to $16.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Robert W. Baird increased their price target on VF from $13.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group initiated coverage on VF in a research note on Friday. They issued a “neutral” rating and a $20.00 price target on the stock. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, VF presently has an average rating of “Hold” and a consensus target price of $17.24.

VF Stock Performance

Shares of NYSE:VFC opened at $19.76 on Monday. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of -6.54, a price-to-earnings-growth ratio of 2.27 and a beta of 1.53. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84. VF has a 52 week low of $11.00 and a 52 week high of $21.40. The firm has a 50 day moving average of $18.26 and a 200 day moving average of $15.26.

VF (NYSE:VFC) last posted its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.04. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, sell-side analysts predict that VF will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Richard Carucci purchased 15,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was acquired at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the transaction, the director now directly owns 230,178 shares in the company, valued at $3,843,972.60. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On VF

Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in VF by 328.0% during the second quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock worth $21,922,000 after purchasing an additional 1,244,448 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in VF by 90.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock valued at $2,737,000 after acquiring an additional 96,442 shares during the period. Compass Wealth Management LLC purchased a new position in shares of VF in the 1st quarter worth about $2,574,000. Murphy Pohlad Asset Management LLC acquired a new stake in VF during the 2nd quarter worth approximately $1,668,000. Finally, Fiduciary Alliance LLC purchased a new stake in VF during the 1st quarter worth $2,002,000. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

VF Company Profile

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.