Citigroup Forecasts Strong Price Appreciation for VF (NYSE:VFC) Stock

VF (NYSE:VFC) had its price objective boosted by analysts at Citigroup from $20.00 to $24.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. Citigroup’s price objective suggests a potential upside of 7.87% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Argus upgraded shares of VF to a “hold” rating in a report on Wednesday, August 28th. UBS Group boosted their target price on shares of VF from $12.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Robert W. Baird lifted their target price on shares of VF from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday. StockNews.com raised shares of VF from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Finally, Telsey Advisory Group lifted their target price on shares of VF from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $18.18.

VF Stock Up 2.9 %

VFC stock opened at $22.25 on Tuesday. VF has a 52 week low of $11.00 and a 52 week high of $23.09. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of -7.37, a price-to-earnings-growth ratio of 3.27 and a beta of 1.53. The firm’s 50-day moving average is $18.73 and its two-hundred day moving average is $15.69. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84.

VF (NYSE:VFC) last released its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.19. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the firm earned $0.63 EPS. VF’s revenue was down 5.6% on a year-over-year basis. On average, analysts forecast that VF will post 0.6 earnings per share for the current fiscal year.

Insider Transactions at VF

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

Hedge Funds Weigh In On VF

Large investors have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC acquired a new position in VF during the 3rd quarter valued at $40,000. Bank & Trust Co bought a new stake in VF in the 2nd quarter valued at $35,000. Versant Capital Management Inc increased its holdings in VF by 6,981.1% in the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock valued at $35,000 after buying an additional 2,583 shares during the period. EverSource Wealth Advisors LLC increased its holdings in VF by 50.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock valued at $41,000 after buying an additional 895 shares during the period. Finally, Heritage Wealth Advisors increased its holdings in VF by 527.6% in the 1st quarter. Heritage Wealth Advisors now owns 2,755 shares of the textile maker’s stock valued at $42,000 after buying an additional 2,316 shares during the period. 86.84% of the stock is currently owned by institutional investors and hedge funds.

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.