V.F. Corporation (NYSE:VFC) had its target price raised by Piper Jaffray Companies to $70.00 in a research note issued to investors on Tuesday, October 24th, The Fly reports. The brokerage currently has a “neutral” rating on the textile maker’s stock. Piper Jaffray Companies’ price target would indicate a potential upside of 0.53% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. TheStreet raised shares of V.F. Corporation from a “c+” rating to a “b-” rating in a report on Thursday, July 13th. Canaccord Genuity upgraded shares of V.F. Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $58.00 to $73.00 in a research report on Monday, August 14th. UBS AG lifted their price objective on shares of V.F. Corporation from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, July 25th. Pivotal Research assumed coverage on shares of V.F. Corporation in a research report on Thursday, October 5th. They issued a “buy” rating and a $75.00 price objective on the stock. Finally, Susquehanna Bancshares Inc reiterated a “buy” rating and issued a $75.00 price objective on shares of V.F. Corporation in a research report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $65.45.
V.F. Corporation (VFC) traded up $0.27 during mid-day trading on Tuesday, reaching $69.63. 1,628,100 shares of the company’s stock were exchanged, compared to its average volume of 3,121,991. The company has a current ratio of 1.47, a quick ratio of 0.97 and a debt-to-equity ratio of 0.54. V.F. Corporation has a 12 month low of $48.05 and a 12 month high of $71.95. The firm has a market capitalization of $27,407.54, a PE ratio of 22.82, a P/E/G ratio of 2.35 and a beta of 0.79.
V.F. Corporation (NYSE:VFC) last announced its earnings results on Monday, October 23rd. The textile maker reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.11. The business had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.40 billion. V.F. Corporation had a net margin of 8.24% and a return on equity of 29.22%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 EPS. equities analysts predict that V.F. Corporation will post 3.03 EPS for the current year.
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In other V.F. Corporation news, VP Aidan O’meara sold 29,336 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $62.54, for a total value of $1,834,673.44. Following the completion of the transaction, the vice president now owns 120,680 shares in the company, valued at approximately $7,547,327.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director W Alan Mccollough sold 22,852 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $62.94, for a total value 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 have sold a total of 564,296 shares of company stock valued at $36,475,990 in the last quarter. Company insiders own 1.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Lowe Brockenbrough & Co. Inc. raised its position in shares of V.F. Corporation by 35.2% during the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 29,400 shares of the textile maker’s stock valued at $1,616,000 after acquiring an additional 7,655 shares in the last quarter. Thrivent Financial For Lutherans raised its position in shares of V.F. Corporation by 5.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 112,648 shares of the textile maker’s stock valued at $6,489,000 after acquiring an additional 5,655 shares in the last quarter. BlackRock Inc. increased its position in 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 worth $1,070,143,000 after buying an additional 18,412,097 shares during the period. Columbia Asset Management increased its position in V.F. Corporation by 468.6% in the second quarter. Columbia Asset Management now owns 23,655 shares of the textile maker’s stock worth $1,362,000 after buying an additional 19,495 shares during the period. Finally, Oak Ridge Investments LLC increased its position in 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 worth $8,002,000 after buying an additional 9,980 shares during the period.
About V.F. Corporation
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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