VF (NYSE:VFC) Given New $25.00 Price Target at BMO Capital Markets

VF (NYSE:VFC) had its price target upped by research analysts at BMO Capital Markets from $14.00 to $25.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the textile maker’s stock. BMO Capital Markets’ price target would suggest a potential downside of 6.03% from the stock’s previous close.

Several other analysts have also recently commented on VFC. Stifel Nicolaus raised their target price on VF from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. OTR Global upgraded VF from a “mixed” rating to a “positive” rating in a research report on Friday, January 10th. Robert W. Baird upped their target price on VF from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday. Jefferies Financial Group raised their price target on shares of VF from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $21.00 target price on shares of VF in a research report on Wednesday. Two 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, VF presently has an average rating of “Hold” and an average price target of $21.58.

VF Trading Up 4.1 %

Shares of VF stock traded up $1.05 on Thursday, reaching $26.61. 3,598,587 shares of the company were exchanged, compared to its average volume of 6,600,919. 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 has a fifty-two week low of $11.00 and a fifty-two week high of $29.02. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of -15.36, a price-to-earnings-growth ratio of 9.74 and a beta of 1.45. The stock has a fifty day moving average price of $22.12 and a 200-day moving average price of $19.65.

VF (NYSE:VFC) last announced its 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 6.68% and a positive return on equity of 12.53%. During the same period in the previous year, the business earned $0.57 earnings per share. On average, analysts expect that VF will post 0.48 EPS for the current year.

Institutional Investors Weigh In On VF

Several hedge funds and other institutional investors have recently modified their holdings of VFC. Future Financial Wealth Managment LLC bought a new stake in shares of VF in the 3rd quarter worth approximately $40,000. CKW Financial Group lifted its position in VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in 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 valued at $129,000 after buying an additional 3,008 shares during the period. Sanctuary Advisors LLC bought a new position in shares of VF during the 2nd quarter worth about $241,000. Finally, Quent Capital LLC boosted 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 acquiring an additional 12,001 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

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.