VF (NYSE:VFC) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

VF (NYSE:VFC) had its price target raised by investment analysts at JPMorgan Chase & Co. from $20.00 to $23.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 2.99% from the company’s current price.

Several other research firms have also issued reports on VFC. OTR Global upgraded shares of VF from a “mixed” rating to a “positive” rating in a report on Friday, January 10th. The Goldman Sachs Group started coverage on shares of VF in a report on Friday, October 11th. They set a “neutral” rating and a $20.00 target price on the stock. Wells Fargo & Company downgraded shares of VF from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $16.00 to $15.00 in a report on Monday, October 14th. Stifel Nicolaus lifted their price objective on VF from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Finally, Robert W. Baird boosted their price target on shares of VF from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, VF currently has an average rating of “Hold” and an average price target of $19.63.

VF Trading Up 0.2 %

VFC opened at $23.71 on Thursday. VF has a 1-year low of $11.00 and a 1-year high of $24.00. The company has a market cap of $9.23 billion, a P/E ratio of -13.70, a price-to-earnings-growth ratio of 8.84 and a beta of 1.45. The company has a fifty day moving average price of $21.17 and a two-hundred day moving average price of $18.85. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in VF by 22.6% in the 2nd quarter. Victory Capital Management Inc. now owns 73,513 shares of the textile maker’s stock valued at $992,000 after acquiring an additional 13,556 shares in the last quarter. American Century Companies Inc. increased its holdings in VF by 22.3% during the second quarter. American Century Companies Inc. now owns 88,093 shares of the textile maker’s stock valued at $1,189,000 after buying an additional 16,041 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in VF by 22.2% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 16,076 shares of the textile maker’s stock worth $217,000 after purchasing an additional 2,919 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of VF by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,125,417 shares of the textile maker’s stock valued at $55,694,000 after buying an additional 113,128 shares in the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new position in VF during the second quarter valued at approximately $196,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

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.