VF (NYSE:VFC) Earns “Hold” Rating from Truist Financial

VF (NYSE:VFC)‘s stock had its “hold” rating reaffirmed by Truist Financial in a research note issued to investors on Thursday,Benzinga reports. They currently have a $24.00 price objective on the textile maker’s stock, up from their previous price objective of $20.00. Truist Financial’s price objective indicates a potential downside of 8.37% from the stock’s previous close.

VFC has been the subject of a number of other research reports. Citigroup increased their target price on shares of VF from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Wells Fargo & Company lowered shares of VF from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $16.00 to $15.00 in a research report on Monday, October 14th. Robert W. Baird increased their target price on shares of VF from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group initiated coverage on shares of VF in a research report on Friday, October 11th. They set a “neutral” rating and a $20.00 target price for the company. Finally, Barclays raised their price objective on shares of VF from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $20.32.

VF Stock Up 2.5 %

Shares of VFC stock traded up $0.63 on Thursday, hitting $26.19. The stock had a trading volume of 2,109,349 shares, compared to its average volume of 6,503,477. The business has a 50 day moving average of $22.12 and a 200 day moving average of $19.65. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of -15.14, a price-to-earnings-growth ratio of 9.74 and a beta of 1.45. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. VF has a 12-month low of $11.00 and a 12-month high of $29.02.

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, topping analysts’ consensus estimates of $0.34 by $0.28. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. During the same quarter in the prior year, the firm earned $0.57 earnings per share. As a group, analysts expect that VF will post 0.48 EPS for the current year.

Hedge Funds Weigh In On VF

A number of hedge funds have recently bought and sold shares of VFC. Future Financial Wealth Managment LLC purchased a new stake in shares of VF during the 3rd quarter valued at about $40,000. CKW Financial Group increased 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 valued at $47,000 after purchasing an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of VF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after purchasing an additional 3,008 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of VF during the 2nd quarter valued at about $241,000. Finally, Quent Capital LLC increased its position in shares of VF by 1,917.1% during the 3rd quarter. Quent Capital LLC now owns 12,627 shares of the textile maker’s stock valued at $247,000 after purchasing an additional 12,001 shares during the last quarter. 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.