V.F. (NYSE:VFC) Price Target Raised to $17.00

V.F. (NYSE:VFC) had its price objective upped by JPMorgan Chase & Co. from $14.00 to $17.00 in a report released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the textile maker’s stock.

A number of other analysts have also recently commented on the stock. Jefferies Financial Group initiated coverage on shares of V.F. in a research note on Wednesday, January 14th. They set a “hold” rating and a $18.00 price target on the stock. Barclays reissued an “overweight” rating and set a $21.00 target price on shares of V.F. in a report on Tuesday, January 6th. UBS Group raised their price target on V.F. from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Robert W. Baird set a $25.00 price objective on V.F. in a research note on Wednesday, December 17th. Finally, Piper Sandler increased their price objective on V.F. from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.84.

V.F. Stock Performance

Shares of VFC opened at $19.97 on Tuesday. V.F. has a 1 year low of $9.41 and a 1 year high of $29.02. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.36 and a quick ratio of 0.87. The stock’s fifty day moving average price is $18.20 and its two-hundred day moving average price is $15.41. The firm has a market cap of $7.80 billion, a PE ratio of 90.78, a PEG ratio of 1.83 and a beta of 1.66.

V.F. (NYSE:VFC) last announced its quarterly earnings data on Tuesday, October 28th. The textile maker reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.10. V.F. had a return on equity of 20.34% and a net margin of 0.95%.The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the firm posted $0.60 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities research analysts forecast that V.F. will post 0.73 EPS for the current year.

V.F. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Wednesday, December 10th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $0.36 annualized dividend and a yield of 1.8%. V.F.’s dividend payout ratio (DPR) is currently 163.64%.

Hedge Funds Weigh In On V.F.

A number of institutional investors have recently added to or reduced their stakes in VFC. Segall Bryant & Hamill LLC boosted its position in shares of V.F. by 43.4% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 4,938,084 shares of the textile maker’s stock valued at $71,257,000 after acquiring an additional 1,495,148 shares during the last quarter. Russell Investments Group Ltd. raised its stake in V.F. by 104.7% in the second quarter. Russell Investments Group Ltd. now owns 567,886 shares of the textile maker’s stock valued at $6,673,000 after purchasing an additional 290,444 shares in the last quarter. Fiduciary Alliance LLC lifted its position in V.F. by 22.0% during the third quarter. Fiduciary Alliance LLC now owns 586,877 shares of the textile maker’s stock valued at $8,469,000 after purchasing an additional 105,786 shares during the last quarter. New York State Common Retirement Fund grew its stake in V.F. by 21.3% in the 2nd quarter. New York State Common Retirement Fund now owns 573,649 shares of the textile maker’s stock worth $6,740,000 after buying an additional 100,680 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of V.F. by 115.2% in the 3rd quarter. SG Americas Securities LLC now owns 113,951 shares of the textile maker’s stock worth $1,644,000 after buying an additional 60,998 shares during the last quarter. 86.84% of the stock is currently owned by institutional investors.

About V.F.

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.