V.F. Corporation (NYSE:VFC)‘s stock had its “buy” rating reissued by stock analysts at Robert W. Baird in a report issued on Tuesday, October 17th.
VFC has been the subject of several other research reports. Pivotal Research started coverage on shares of V.F. Corporation in a research note on Thursday, October 5th. They issued a “buy” rating and a $75.00 price objective for the company. Stifel Nicolaus reissued a “hold” rating and issued a $60.00 price objective on shares of V.F. Corporation in a research note on Wednesday, October 4th. Macquarie reissued an “outperform” rating and issued a $70.00 price objective (up previously from $69.00) on shares of V.F. Corporation in a research note on Tuesday, July 25th. TheStreet raised shares of V.F. Corporation from a “c+” rating to a “b-” rating in a research note on Thursday, July 13th. Finally, UBS AG raised shares of V.F. Corporation from a “neutral” rating to a “positive” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $65.45.
V.F. Corporation (VFC) opened at 70.50 on Tuesday. The stock has a market capitalization of $27.75 billion, a price-to-earnings ratio of 26.90 and a beta of 0.77. V.F. Corporation has a 12-month low of $48.05 and a 12-month high of $71.95. The company has a 50 day moving average of $64.19 and a 200-day moving average of $59.17.
V.F. Corporation (NYSE:VFC) last issued its quarterly earnings data on Monday, October 23rd. The textile maker reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.11. The business had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.40 billion. V.F. Corporation had a net margin of 8.24% and a return on equity of 29.22%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 EPS. On average, equities research analysts forecast that V.F. Corporation will post $3.01 earnings per share for the current year.
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In other V.F. Corporation news, Chairman Eric C. Wiseman sold 110,943 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $63.65, for a total value of $7,061,521.95. Following the completion of the sale, the chairman now directly owns 660,806 shares in the company, valued at $42,060,301.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Alan Mccollough sold 22,852 shares of V.F. Corporation stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $62.94, for a total transaction of $1,438,304.88. Following the transaction, the director now owns 36,353 shares of the company’s stock, valued at $2,288,057.82. The disclosure for this sale can be found here. Insiders sold 453,152 shares of company stock valued at $28,649,326 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Lowe Brockenbrough & Co. Inc. lifted its position in shares of V.F. Corporation by 35.2% during the first quarter. Lowe Brockenbrough & Co. Inc. now owns 29,400 shares of the textile maker’s stock valued at $1,616,000 after purchasing an additional 7,655 shares in the last quarter. Thrivent Financial For Lutherans raised its position in V.F. Corporation by 5.3% in the second quarter. Thrivent Financial For Lutherans now owns 112,648 shares of the textile maker’s stock worth $6,489,000 after acquiring an additional 5,655 shares during the period. BlackRock Inc. raised its position in shares of V.F. Corporation by 1,744.1% in the first quarter. BlackRock Inc. now owns 19,467,773 shares of the textile maker’s stock valued at $1,070,143,000 after purchasing an additional 18,412,097 shares during the period. Columbia Asset Management raised its position in shares of V.F. Corporation by 468.6% in the second quarter. Columbia Asset Management now owns 23,655 shares of the textile maker’s stock valued at $1,362,000 after purchasing an additional 19,495 shares during the period. Finally, Oak Ridge Investments LLC raised its position in shares of V.F. Corporation by 7.7% in the second quarter. Oak Ridge Investments LLC now owns 138,929 shares of the textile maker’s stock valued at $8,002,000 after purchasing an additional 9,980 shares during the period.
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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