VF (NYSE:VFC)‘s stock had its “average” rating restated by analysts at Robert W. Baird in a research report issued to clients and investors on Wednesday. They presently have a $84.00 price objective on the textile maker’s stock. Robert W. Baird’s target price would suggest a potential upside of 11.32% from the company’s current price.
Several other analysts also recently weighed in on VFC. Sanford C. Bernstein started coverage on shares of VF in a research report on Tuesday, September 12th. They issued a “market perform” rating and a $67.00 price objective on the stock. Cowen reiterated a “hold” rating and issued a $63.00 price objective on shares of VF in a research report on Thursday, September 21st. Piper Jaffray Companies set a $64.00 price objective on shares of VF and gave the company a “hold” rating in a research report on Sunday, October 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $60.00 price objective on shares of VF in a research report on Wednesday, October 4th. Finally, Pivotal Research started coverage on shares of VF in a research report on Thursday, October 5th. They issued a “buy” rating and a $75.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $67.65.
VF (VFC) opened at $75.46 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.47 and a quick ratio of 0.97. VF has a 52-week low of $48.05 and a 52-week high of $75.49. The stock has a market cap of $29,820.00, a PE ratio of 31.31, a PEG ratio of 2.10 and a beta of 0.80.
VF (NYSE:VFC) last posted its quarterly earnings results on Monday, October 23rd. The textile maker reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.11. VF had a net margin of 8.24% and a return on equity of 29.22%. The company had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the firm posted $1.20 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. research analysts anticipate that VF will post 3.03 earnings per share for the current year.
In other VF news, VP Scott H. Baxter sold 39,694 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $71.50, for a total transaction of $2,838,121.00. Following the transaction, the vice president now owns 112,202 shares of the company’s stock, valued at approximately $8,022,443. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Clarence Otis, Jr. sold 12,552 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $69.37, for a total transaction of $870,732.24. Following the transaction, the director now directly owns 26,053 shares in the company, valued at approximately $1,807,296.61. The disclosure for this sale can be found here. In the last three months, insiders have sold 254,660 shares of company stock worth $18,035,832. 1.60% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in VFC. Schroder Investment Management Group increased its stake in VF by 22.8% during the 2nd quarter. Schroder Investment Management Group now owns 966,792 shares of the textile maker’s stock valued at $55,039,000 after buying an additional 179,455 shares during the period. Eaton Vance Management grew its stake in shares of VF by 1,249.7% in the 2nd quarter. Eaton Vance Management now owns 930,352 shares of the textile maker’s stock worth $53,588,000 after purchasing an additional 861,421 shares during the last quarter. Nations Financial Group Inc. IA ADV acquired a new position in shares of VF in the 2nd quarter worth approximately $290,000. Columbia Asset Management grew its stake in shares of VF by 468.6% in the 2nd quarter. Columbia Asset Management now owns 23,655 shares of the textile maker’s stock worth $1,362,000 after purchasing an additional 19,495 shares during the last quarter. Finally, Oak Ridge Investments LLC grew its stake in shares of VF by 7.7% in the 2nd quarter. Oak Ridge Investments LLC now owns 138,929 shares of the textile maker’s stock worth $8,002,000 after purchasing an additional 9,980 shares during the last quarter.
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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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