VF (NYSE:VFC) Stock Rating Upgraded by OTR Global

VF (NYSE:VFC) was upgraded by equities researchers at OTR Global from a “mixed” rating to a “positive” rating in a report released on Friday,Benzinga reports.

Several other equities analysts have also issued reports on VFC. Citigroup boosted their target price on VF from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Truist Financial began coverage on VF in a research report on Thursday, December 5th. They issued a “hold” rating and a $20.00 price objective for the company. TD Cowen boosted their price objective on VF from $16.00 to $19.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th. Jefferies Financial Group began coverage on VF in a research report on Friday, September 27th. They issued a “hold” rating and a $20.00 price objective for the company. Finally, Wells Fargo & Company lowered VF from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $16.00 to $15.00 in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, VF has a consensus rating of “Hold” and a consensus price target of $19.11.

VF Stock Performance

Shares of NYSE:VFC opened at $22.73 on Friday. The stock has a market capitalization of $8.85 billion, a P/E ratio of -13.14, a P/E/G ratio of 8.19 and a beta of 1.45. VF has a 1-year low of $11.00 and a 1-year high of $23.49. The business has a 50-day moving average price of $21.02 and a two-hundred day moving average price of $18.62. 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 posted its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.19. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.72 billion. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 EPS. Equities analysts predict that VF will post 0.48 earnings per share for the current year.

Institutional Investors Weigh In On VF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC lifted its holdings in VF by 1.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock valued at $73,084,000 after purchasing an additional 65,919 shares during the last quarter. Hanseatic Management Services Inc. acquired a new stake in VF during the 3rd quarter valued at $640,000. Arkadios Wealth Advisors lifted its holdings in VF by 5.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock valued at $481,000 after purchasing an additional 1,217 shares during the last quarter. Fiduciary Alliance LLC lifted its holdings in VF by 18.9% during the 3rd quarter. Fiduciary Alliance LLC now owns 240,100 shares of the textile maker’s stock valued at $4,790,000 after purchasing an additional 38,088 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of VF during the third quarter worth $40,000. 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.