UBS Group Issues Positive Forecast for VF (NYSE:VFC) Stock Price

VF (NYSE:VFC) had its price target upped by investment analysts at UBS Group from $24.00 to $28.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the textile maker’s stock. UBS Group’s price objective indicates a potential upside of 4.17% from the stock’s current price.

Several other equities research analysts have also recently commented on VFC. TD Cowen lifted their target price on VF from $16.00 to $19.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price objective on VF from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. The Goldman Sachs Group lifted their price objective on VF from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday. Jefferies Financial Group lifted their price target on shares of VF from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, Stifel Nicolaus lifted their price target on shares of VF from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.16.

VF Price Performance

Shares of NYSE:VFC traded up $1.32 during midday trading on Thursday, reaching $26.88. The company’s stock had a trading volume of 7,995,182 shares, compared to its average volume of 6,849,629. VF has a fifty-two week low of $11.00 and a fifty-two week high of $29.02. The company has a market capitalization of $10.46 billion, a P/E ratio of -15.54, a P/E/G ratio of 9.74 and a beta of 1.45. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. The business’s fifty day simple moving average is $22.12 and its 200-day simple moving average is $19.65.

VF (NYSE:VFC) last posted its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the firm posted $0.57 earnings per share. As a group, equities research analysts expect that VF will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On VF

A number of institutional investors and hedge funds have recently made changes to their positions in VFC. Segall Bryant & Hamill LLC lifted its stake 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 valued at $73,084,000 after acquiring an additional 65,919 shares during the last quarter. Fiduciary Alliance LLC lifted its stake in VF by 6.8% in the 4th 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 last quarter. Sei Investments Co. lifted its stake in VF by 26.7% in the 2nd quarter. Sei Investments Co. now owns 207,120 shares of the textile maker’s stock valued at $2,796,000 after purchasing an additional 43,697 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in VF by 90.7% in the 2nd 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 purchasing an additional 96,442 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of VF by 40.1% in the third quarter. Handelsbanken Fonder AB now owns 107,700 shares of the textile maker’s stock valued at $2,149,000 after buying an additional 30,800 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

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.