Barclays Forecasts Strong Price Appreciation for VF (NYSE:VFC) Stock

VF (NYSE:VFC) had its target price increased by research analysts at Barclays from $25.00 to $29.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the textile maker’s stock. Barclays‘s price objective points to a potential upside of 22.32% from the stock’s previous close.

Several other research firms also recently issued reports on VFC. Guggenheim lifted their price target on shares of VF from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Truist Financial began coverage on VF in a research note on Thursday, December 5th. They set a “hold” rating and a $20.00 price objective on the stock. Jefferies Financial Group began coverage on VF in a research note on Friday, September 27th. They issued a “hold” rating and a $20.00 target price for the company. Telsey Advisory Group boosted their price target on shares of VF from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, TD Cowen increased their price objective on VF from $16.00 to $19.00 and gave the stock a “hold” rating in a report on Tuesday, October 29th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, VF presently has an average rating of “Hold” and an average price target of $19.63.

VF Trading Up 0.2 %

VFC stock opened at $23.71 on Thursday. The company has a market cap of $9.23 billion, a price-to-earnings ratio of -13.70, a PEG ratio of 8.84 and a beta of 1.45. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 2.86. The business has a fifty day simple moving average of $21.17 and a 200-day simple moving average of $18.85. VF has a 52 week low of $11.00 and a 52 week high of $24.00.

VF (NYSE:VFC) last released its quarterly earnings data on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the prior year, the business earned $0.63 earnings per share. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, equities research analysts expect that VF will post 0.48 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. lifted its stake in VF by 28.0% in the 2nd quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock worth $159,609,000 after acquiring an additional 2,589,852 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in shares of VF by 1,365.2% in the second quarter. Public Sector Pension Investment Board now owns 727,148 shares of the textile maker’s stock worth $9,816,000 after buying an additional 677,519 shares during the last quarter. Deprince Race & Zollo Inc. boosted its holdings in VF by 28.3% during the second quarter. Deprince Race & Zollo Inc. now owns 3,057,884 shares of the textile maker’s stock valued at $41,281,000 after acquiring an additional 673,979 shares during the period. Thrivent Financial for Lutherans grew its holdings in VF by 3,350.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 486,082 shares of the textile maker’s stock valued at $6,562,000 after buying an additional 471,993 shares during the last quarter. Finally, Bank of Montreal Can increased its position in VF by 127.6% during the second quarter. Bank of Montreal Can now owns 62,046 shares of the textile maker’s stock worth $878,000 after acquiring an additional 286,878 shares during the period. 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.