VF (NYSE:VFC)‘s stock had its “buy” rating reaffirmed by investment analysts at Guggenheim in a note issued to investors on Friday, January 18th. They presently have a $90.00 price target on the textile maker’s stock. Guggenheim’s price target would indicate a potential upside of 5.28% from the stock’s current price.
VFC has been the topic of several other reports. Wells Fargo & Co cut their target price on VF from $90.00 to $85.00 and set a “market perform” rating on the stock in a report on Wednesday, January 2nd. Wedbush started coverage on VF in a report on Monday, October 15th. They set a “neutral” rating and a $94.00 target price on the stock. They noted that the move was a valuation call. Credit Suisse Group reissued a “positive” rating on shares of VF in a research note on Wednesday, January 16th. Pivotal Research set a $90.00 price objective on VF and gave the company a “hold” rating in a research note on Monday, October 15th. Finally, Buckingham Research dropped their price objective on VF from $89.00 to $86.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 17th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $91.91.
VFC traded down $0.29 during midday trading on Friday, hitting $85.49. 1,343,600 shares of the company were exchanged, compared to its average volume of 2,657,686. The company has a market capitalization of $33.94 billion, a PE ratio of 28.69, a PEG ratio of 2.02 and a beta of 1.11. VF has a 1-year low of $67.18 and a 1-year high of $97.00. The company has a current ratio of 1.80, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50.
VF (NYSE:VFC) last announced its earnings results on Friday, January 18th. The textile maker reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.21. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.87 billion. VF had a return on equity of 38.84% and a net margin of 10.11%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 EPS. Equities research analysts predict that VF will post 3.75 EPS for the current fiscal year.
In other VF news, Director W Alan Mccollough sold 12,552 shares of the business’s stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $83.20, for a total transaction of $1,044,326.40. Following the completion of the sale, the director now directly owns 27,742 shares of the company’s stock, valued at approximately $2,308,134.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Curtis A. Holtz sold 24,926 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $85.75, for a total value of $2,137,404.50. Following the sale, the vice president now directly owns 61,433 shares of the company’s stock, valued at $5,267,879.75. The disclosure for this sale can be found here. 1.72% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of VFC. Doyle Wealth Management bought a new stake in VF during the 4th quarter worth approximately $26,000. Reilly Financial Advisors LLC increased its holdings in VF by 99.1% during the 4th quarter. Reilly Financial Advisors LLC now owns 440 shares of the textile maker’s stock worth $31,000 after purchasing an additional 219 shares in the last quarter. Destination Wealth Management increased its holdings in VF by 365.2% during the 4th quarter. Destination Wealth Management now owns 428 shares of the textile maker’s stock worth $31,000 after purchasing an additional 336 shares in the last quarter. Sonora Investment Management LLC grew its holdings in shares of VF by 69.5% in the fourth quarter. Sonora Investment Management LLC now owns 444 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 182 shares in the last quarter. Finally, Bruderman Asset Management LLC bought a new position in shares of VF in the fourth quarter valued at approximately $37,000.
VF Company Profile
V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.
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