Jefferies Financial Group Forecasts Strong Price Appreciation for VF (NYSE:VFC) Stock

VF (NYSE:VFC) had its price objective increased by analysts at Jefferies Financial Group from $21.00 to $24.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the textile maker’s stock. Jefferies Financial Group’s price objective would suggest a potential downside of 5.64% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Citigroup increased their price target on shares of VF from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Argus upgraded VF from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, December 17th. Robert W. Baird upped their price target on VF from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Telsey Advisory Group reissued a “market perform” rating and set a $21.00 price objective on shares of VF in a report on Wednesday, January 22nd. Finally, TD Cowen upped 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. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, VF presently has an average rating of “Hold” and a consensus price target of $19.84.

VF Trading Down 4.3 %

VF stock opened at $25.44 on Tuesday. The business has a 50 day moving average price of $21.98 and a two-hundred day moving average price of $19.61. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 2.86. VF has a 12 month low of $11.00 and a 12 month high of $29.02. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of -14.70, a price-to-earnings-growth ratio of 9.74 and a beta of 1.45.

VF (NYSE:VFC) last issued its earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. During the same period in the previous year, the company earned $0.57 earnings per share. As a group, equities analysts forecast that VF will post 0.48 EPS for the current year.

Institutional Trading of VF

Several hedge funds have recently bought and sold shares of VFC. Segall Bryant & Hamill LLC increased its position in shares of VF by 1.8% during the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after acquiring an additional 65,919 shares in the last quarter. Fiduciary Alliance LLC boosted its stake in VF by 6.8% in the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after purchasing an additional 16,431 shares during the period. Sei Investments Co. increased its holdings in VF by 26.7% during the 2nd quarter. Sei Investments Co. now owns 207,120 shares of the textile maker’s stock worth $2,796,000 after purchasing an additional 43,697 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of VF by 90.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock valued at $2,737,000 after purchasing an additional 96,442 shares during the period. Finally, Handelsbanken Fonder AB lifted its holdings in shares of VF by 40.1% in the third quarter. Handelsbanken Fonder AB now owns 107,700 shares of the textile maker’s stock valued at $2,149,000 after purchasing an additional 30,800 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

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.