VF (NYSE:VFC) Coverage Initiated at Needham & Company LLC

Investment analysts at Needham & Company LLC began coverage on shares of VF (NYSE:VFC) in a research report issued on Wednesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $28.00 price target on the textile maker’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 9.35% from the stock’s previous close.

Several other research analysts have also recently commented on the company. TD Cowen boosted their target price on VF from $16.00 to $19.00 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. StockNews.com raised VF from a “sell” rating to a “hold” rating in a report on Saturday, October 26th. Citigroup upped their target price on shares of VF from $20.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Truist Financial restated a “hold” rating and issued a $24.00 price objective (up previously from $20.00) on shares of VF in a research note on Thursday, January 30th. Finally, OTR Global upgraded shares of VF from a “mixed” rating to a “positive” rating in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, VF has an average rating of “Hold” and a consensus target price of $22.75.

VF Stock Up 6.0 %

Shares of VFC opened at $25.61 on Wednesday. The company’s 50-day moving average price is $23.03 and its 200 day moving average price is $20.29. The firm has a market cap of $9.98 billion, a P/E ratio of -21.52, a price-to-earnings-growth ratio of 6.57 and a beta of 1.46. VF has a 12-month low of $11.00 and a 12-month high of $29.02. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31.

VF (NYSE:VFC) last posted its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same period in the prior year, the firm posted $0.57 EPS. On average, sell-side analysts forecast that VF will post 0.7 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VFC. CKW Financial Group raised its position in shares of VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in 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 worth $129,000 after acquiring an additional 3,008 shares during the period. Sanctuary Advisors LLC acquired a new position in VF in the second quarter valued at $241,000. Arkadios Wealth Advisors lifted its position in VF by 5.3% during the third quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after buying an additional 1,217 shares during the period. Finally, Hanseatic Management Services Inc. acquired a new stake in VF in the 3rd quarter worth about $640,000. 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.