VF Corporation (NYSE:VFC) Receives Consensus Recommendation of “Hold” from Analysts

VF Corporation (NYSE:VFC) has been given an average rating of “Hold” by the twenty analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $19.63.

A number of brokerages recently issued reports on VFC. StockNews.com upgraded shares of VF from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $21.00 price objective on shares of VF in a report on Wednesday, January 22nd. Citigroup increased their price target 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 started coverage on VF in a report on Thursday, December 5th. They set a “hold” rating and a $20.00 price target for the company. Finally, Guggenheim boosted their price objective on VF from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC bought a new stake in VF in the third quarter valued at about $40,000. CKW Financial Group increased its stake in shares of VF by 29.4% in the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of VF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after acquiring an additional 3,008 shares during the period. Evergreen Capital Management LLC bought a new position in VF during the 2nd quarter worth approximately $226,000. Finally, Sanctuary Advisors LLC acquired a new position in VF during the second quarter valued at approximately $241,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

VF Stock Up 2.4 %

NYSE VFC opened at $26.25 on Monday. VF has a 1-year low of $11.00 and a 1-year high of $26.48. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86. The stock’s 50 day moving average is $21.71 and its two-hundred day moving average is $19.39. The company has a market capitalization of $10.22 billion, a price-to-earnings ratio of -15.17, a PEG ratio of 9.74 and a beta of 1.45.

VF (NYSE:VFC) last announced its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.72 billion. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. The business’s revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 earnings per share. Equities analysts forecast that VF will post 0.48 earnings per share for the current fiscal year.

About VF

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.