UBS Group Raises VF (NYSE:VFC) Price Target to $28.00

VF (NYSE:VFC) had its price objective upped by investment analysts at UBS Group from $24.00 to $28.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. UBS Group’s target price points to a potential upside of 7.75% from the stock’s current price.

Several other brokerages have also recently weighed in on VFC. BMO Capital Markets upped their price target on VF from $14.00 to $25.00 and gave the stock a “market perform” rating in a research note on Thursday. StockNews.com raised shares of VF from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Telsey Advisory Group reissued a “market perform” rating and set a $21.00 price target on shares of VF in a research report on Wednesday. The Goldman Sachs Group boosted their price objective on shares of VF from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Truist Financial reaffirmed a “hold” rating and set a $24.00 target price (up previously from $20.00) on shares of VF in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, VF has an average rating of “Hold” and an average target price of $22.47.

VF Trading Down 3.5 %

NYSE:VFC opened at $25.99 on Thursday. VF has a 12 month low of $11.00 and a 12 month high of $29.02. 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 company has a 50-day moving average price of $22.28 and a 200-day moving average price of $19.70. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of -21.84, a P/E/G ratio of 10.01 and a beta of 1.45.

VF (NYSE:VFC) last issued its quarterly earnings data 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 negative net margin of 4.63% and a positive return on equity of 15.35%. During the same period last year, the firm earned $0.57 earnings per share. Equities analysts predict that VF will post 0.48 EPS for the current year.

Institutional Investors Weigh In On VF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC bought a new position in shares of VF during the 3rd quarter valued at $40,000. CKW Financial Group increased its position in VF by 29.4% during the fourth 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. lifted its holdings in VF by 100.0% in the fourth 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. Sanctuary Advisors LLC purchased a new position in VF in the second quarter worth about $241,000. Finally, Quent Capital LLC grew its stake in shares of VF by 1,917.1% during the 3rd quarter. Quent Capital LLC now owns 12,627 shares of the textile maker’s stock valued at $247,000 after purchasing an additional 12,001 shares during the period. Hedge funds and other 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.