Needham & Company LLC Reiterates “Buy” Rating for VF (NYSE:VFC)

VF (NYSE:VFC)‘s stock had its “buy” rating reaffirmed by Needham & Company LLC in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $28.00 price objective on the textile maker’s stock. Needham & Company LLC’s price target would suggest a potential upside of 46.41% from the company’s current price.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets boosted their price target on shares of VF from $14.00 to $25.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. UBS Group boosted their price target on shares of VF from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. The Goldman Sachs Group upped their target price on shares of VF from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Argus upgraded shares of VF from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, December 17th. Finally, OTR Global upgraded shares of VF from a “mixed” rating to a “positive” rating in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $22.90.

VF Stock Down 7.0 %

Shares of VFC stock opened at $19.13 on Friday. The stock has a market cap of $7.45 billion, a P/E ratio of -16.07, a PEG ratio of 6.77 and a beta of 1.46. VF has a 52 week low of $11.00 and a 52 week high of $29.02. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. The company’s fifty day simple moving average is $24.02 and its two-hundred day simple moving average is $21.20.

VF (NYSE:VFC) last announced its quarterly 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 negative net margin of 4.63% and a positive return on equity of 14.86%. During the same period in the previous year, the company posted $0.57 EPS. Analysts predict that VF will post 0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On VF

Several large investors have recently made changes to their positions in VFC. CKW Financial Group lifted its holdings 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 worth $47,000 after acquiring an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 worth $129,000 after acquiring an additional 3,008 shares during the last quarter. TB Alternative Assets Ltd. acquired a new position in shares of VF in the 4th quarter worth approximately $1,878,000. Fiduciary Alliance LLC lifted its holdings in shares of 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 acquiring an additional 16,431 shares during the last quarter. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of VF by 1.8% in the 3rd 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 during 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.