Barclays Forecasts Strong Price Appreciation for VF (NYSE:VFC) Stock

VF (NYSE:VFC) had its price objective lifted by Barclays from $25.00 to $29.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the textile maker’s stock.

Several other research firms have also recently issued reports on VFC. TD Cowen boosted their price objective on shares of VF from $16.00 to $19.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th. Guggenheim boosted their price target on VF from $25.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Stifel Nicolaus raised their price objective on VF from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Truist Financial assumed coverage on VF in a report on Thursday, December 5th. They issued a “hold” rating and a $20.00 target price for the company. Finally, Citigroup raised their price target on VF from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, VF has a consensus rating of “Hold” and an average target price of $19.63.

VF Price Performance

Shares of VFC stock opened at $23.62 on Thursday. The stock has a 50 day moving average price of $21.13 and a 200 day moving average price of $18.82. VF has a 52-week low of $11.00 and a 52-week high of $23.87. 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 (NYSE:VFC) last released its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.19. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. The business’s revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 earnings per share. On average, research analysts forecast that VF will post 0.48 EPS for the current fiscal year.

VF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Tuesday, December 10th. VF’s payout ratio is presently -20.81%.

Institutional Trading of VF

A number of institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in VF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after acquiring an additional 3,008 shares in the last quarter. Fiduciary Alliance LLC boosted its stake in VF by 6.8% in the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after purchasing an additional 16,431 shares in the last quarter. Segall Bryant & Hamill LLC grew its position in VF by 1.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after purchasing an additional 65,919 shares during the last quarter. Hanseatic Management Services Inc. acquired a new position in VF during the 3rd quarter valued at approximately $640,000. Finally, Arkadios Wealth Advisors raised its holdings in shares of VF by 5.3% in the third quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after buying an additional 1,217 shares during the last quarter. Institutional investors and hedge funds 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.