VF (NYSE:VFC) Stock Price Expected to Rise, TD Cowen Analyst Says

VF (NYSE:VFC) had its price target boosted by stock analysts at TD Cowen from $16.00 to $19.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the textile maker’s stock. TD Cowen’s price target points to a potential downside of 14.61% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Telsey Advisory Group increased their target price on VF from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Tuesday. BMO Capital Markets increased their target price on VF from $13.00 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Argus upgraded VF to a “hold” rating in a report on Wednesday, August 28th. Jefferies Financial Group began coverage on VF in a report on Friday, September 27th. They set a “hold” rating and a $20.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on VF from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.18.

VF Price Performance

VFC opened at $22.25 on Tuesday. The stock has a 50-day moving average price of $18.73 and a 200-day moving average price of $15.69. VF has a 12-month low of $11.00 and a 12-month high of $23.09. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84. The stock has a market capitalization of $8.66 billion, a P/E ratio of -7.37, a PEG ratio of 3.27 and a beta of 1.53.

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

Insider Transactions at VF

In other news, Director Richard Carucci bought 15,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was purchased at an average price of $16.70 per share, with a total value of $250,500.00. Following the transaction, the director now owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of VF

Several hedge funds and other institutional investors have recently made changes to their positions in VFC. M&G Plc purchased a new stake in shares of VF in the 1st quarter worth approximately $200,768,000. Pacer Advisors Inc. grew its stake in shares of VF by 28.0% in the 2nd quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock worth $159,609,000 after buying an additional 2,589,852 shares during the last quarter. Capital World Investors purchased a new stake in shares of VF in the 1st quarter worth approximately $30,527,000. Principal Financial Group Inc. grew its stake in shares of VF by 328.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock worth $21,922,000 after buying an additional 1,244,448 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its stake in shares of VF by 1,365.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 727,148 shares of the textile maker’s stock worth $9,816,000 after buying an additional 677,519 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

About VF

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.