VF (NYSE:VFC) Price Target Raised to $27.00

VF (NYSE:VFC) had its target price lifted by Guggenheim from $25.00 to $27.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Other analysts also recently issued reports about the company. The Goldman Sachs Group began coverage on VF in a research note on Friday, October 11th. They set a “neutral” rating and a $20.00 target price on the stock. JPMorgan Chase & Co. lifted their price objective on VF from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Wells Fargo & Company cut shares of VF from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $16.00 to $15.00 in a research note on Monday, October 14th. Citigroup boosted their price objective on shares of VF from $20.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, TD Cowen raised their target price on shares of VF from $16.00 to $19.00 and gave the stock a “hold” rating in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.78.

VF Trading Up 0.3 %

VF stock opened at $21.09 on Wednesday. VF has a 12 month low of $11.00 and a 12 month high of $23.09. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of -12.15, a price-to-earnings-growth ratio of 8.27 and a beta of 1.49. The business’s fifty day simple moving average is $20.05 and its two-hundred day simple moving average is $17.37. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86.

VF (NYSE:VFC) last announced its quarterly earnings results 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. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.72 billion. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. VF’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 EPS. As a group, equities analysts predict that VF will post 0.48 earnings per share for the current fiscal year.

VF Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.71%. VF’s dividend payout ratio is -20.81%.

Institutional Investors Weigh In On VF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cetera Advisors LLC purchased a new stake in shares of VF during the first quarter valued at $317,000. Sequoia Financial Advisors LLC purchased a new stake in shares of VF in the second quarter valued at approximately $174,000. Wealth Enhancement Advisory Services LLC grew its stake in VF by 22.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 34,422 shares of the textile maker’s stock worth $465,000 after purchasing an additional 6,284 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in VF by 8.9% during the 2nd quarter. V Square Quantitative Management LLC now owns 10,803 shares of the textile maker’s stock worth $146,000 after purchasing an additional 879 shares during the period. Finally, Murphy Pohlad Asset Management LLC bought a new stake in VF during the 2nd quarter valued at $1,668,000. 86.84% of the stock is owned by institutional investors.

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.