V.F. Corporation (NYSE:VFC)‘s stock had its “neutral” rating reissued by equities researchers at Buckingham Research in a research report issued on Monday, July 17th. They currently have a $55.00 price target on the textile maker’s stock. Buckingham Research’s price objective would suggest a potential downside of 10.69% from the stock’s current price.
Several other research analysts also recently commented on VFC. B. Riley reissued a “neutral” rating and issued a $53.00 target price on shares of V.F. Corporation in a report on Monday, April 3rd. Canaccord Genuity set a $53.00 target price on V.F. Corporation and gave the stock a “hold” rating in a report on Saturday, April 1st. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $49.00 target price (down from $52.00) on shares of V.F. Corporation in a report on Monday, May 1st. Stifel Nicolaus reissued a “hold” rating and issued a $56.00 target price on shares of V.F. Corporation in a report on Sunday, April 23rd. Finally, Cowen and Company boosted their target price on V.F. Corporation from $52.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, April 4th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $58.50.
V.F. Corporation (NYSE:VFC) opened at 61.58 on Monday. V.F. Corporation has a 12-month low of $48.05 and a 12-month high of $65.20. The company has a market cap of $24.24 billion, a P/E ratio of 23.49 and a beta of 0.78. The firm’s 50-day moving average price is $58.94 and its 200-day moving average price is $54.92.
V.F. Corporation (NYSE:VFC) last announced its earnings results on Monday, July 24th. The textile maker reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.31 billion. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. V.F. Corporation’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. Analysts expect that V.F. Corporation will post $2.96 EPS for the current year.
Several hedge funds have recently modified their holdings of VFC. Pinnacle Bank purchased a new stake in V.F. Corporation during the first quarter worth approximately $247,000. Perigon Wealth Management LLC boosted its stake in V.F. Corporation by 17.2% in the fourth quarter. Perigon Wealth Management LLC now owns 31,874 shares of the textile maker’s stock worth $1,676,000 after buying an additional 4,685 shares in the last quarter. Edmp Inc. purchased a new stake in V.F. Corporation during the first quarter worth approximately $2,894,000. PGGM Investments purchased a new stake in V.F. Corporation during the first quarter worth approximately $11,656,000. Finally, Lowe Brockenbrough & Co. Inc. boosted its stake in V.F. Corporation by 35.2% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 29,400 shares of the textile maker’s stock worth $1,616,000 after buying an additional 7,655 shares in the last quarter.
V.F. Corporation Company Profile
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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