VF (NYSE:VFC) PT Raised to $93.00

VF (NYSE:VFC) had its price target raised by UBS Group from $88.00 to $93.00 in a research report report published on Wednesday, BenzingaRatingsTable reports. The firm currently has a neutral rating on the textile maker’s stock.

Several other analysts also recently commented on VFC. Wedbush reiterated an outperform rating and issued a $98.00 target price on shares of VF in a report on Thursday, May 23rd. Guggenheim reiterated a buy rating and issued a $95.00 target price (up previously from $90.00) on shares of VF in a report on Thursday, May 23rd. Canaccord Genuity set a $105.00 target price on shares of VF and gave the company a buy rating in a report on Thursday, May 23rd. TheStreet downgraded shares of VF from a b+ rating to a c rating in a report on Wednesday, July 24th. Finally, Telsey Advisory Group reiterated an outperform rating and issued a $106.00 target price (up previously from $104.00) on shares of VF in a report on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $93.33.

Shares of VFC stock opened at $90.30 on Wednesday. The firm has a 50-day moving average of $83.27 and a 200-day moving average of $86.96. The company has a market cap of $36.16 billion, a P/E ratio of 23.89, a P/E/G ratio of 2.55 and a beta of 1.16. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.05 and a quick ratio of 1.19. VF has a one year low of $67.18 and a one year high of $96.20.



VF (NYSE:VFC) last announced its earnings results on Wednesday, July 24th. The textile maker reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.24 billion. VF had a net margin of 8.62% and a return on equity of 34.52%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 earnings per share. As a group, research analysts expect that VF will post 3.37 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.43 per share. The ex-dividend date is Monday, September 9th. This represents a $1.72 dividend on an annualized basis and a yield of 1.90%. VF’s dividend payout ratio (DPR) is presently 45.50%.

In related news, VP Curtis A. Holtz sold 40,003 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $83.25, for a total transaction of $3,330,249.75. Following the completion of the sale, the vice president now owns 64,803 shares in the company, valued at $5,394,849.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Laura C. Meagher sold 6,704 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $83.31, for a total transaction of $558,510.24. Following the sale, the general counsel now owns 24,123 shares of the company’s stock, valued at approximately $2,009,687.13. The disclosure for this sale can be found here. Insiders have sold 56,707 shares of company stock valued at $4,772,660 in the last 90 days. 0.74% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nicholas Investment Partners LP purchased a new stake in VF during the second quarter worth about $3,838,000. Wallington Asset Management LLC boosted its position in VF by 2.2% during the first quarter. Wallington Asset Management LLC now owns 161,092 shares of the textile maker’s stock worth $14,001,000 after purchasing an additional 3,393 shares during the period. State Treasurer State of Michigan boosted its position in VF by 0.4% during the first quarter. State Treasurer State of Michigan now owns 93,528 shares of the textile maker’s stock worth $8,129,000 after purchasing an additional 400 shares during the period. Keybank National Association OH boosted its position in VF by 71.8% during the first quarter. Keybank National Association OH now owns 130,769 shares of the textile maker’s stock worth $11,365,000 after purchasing an additional 54,630 shares during the period. Finally, Northern Trust Corp boosted its position in VF by 3.0% during the second quarter. Northern Trust Corp now owns 5,442,874 shares of the textile maker’s stock worth $475,435,000 after purchasing an additional 158,809 shares during the period. Institutional investors and hedge funds own 83.50% of the company’s stock.

VF Company Profile

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.

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Analyst Recommendations for VF (NYSE:VFC)

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