V.F. Corporation (NYSE:VFC)‘s stock had its “hold” rating reaffirmed by equities research analysts at KeyCorp in a report released on Tuesday, October 31st.
Several other analysts have also recently weighed in on VFC. Buckingham Research reaffirmed a “neutral” rating and issued a $55.00 target price on shares of V.F. Corporation in a report on Monday, July 17th. Canaccord Genuity set a $53.00 price target on shares of V.F. Corporation and gave the company a “hold” rating in a research note on Monday, July 17th. TheStreet upgraded shares of V.F. Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, July 13th. UBS AG raised their target price on shares of V.F. Corporation from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Finally, Macquarie reiterated an “outperform” rating and issued a $70.00 price objective (up from $69.00) on shares of V.F. Corporation in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company. V.F. Corporation currently has an average rating of “Hold” and a consensus price target of $65.45.
Shares of V.F. Corporation (VFC) opened at $69.63 on Tuesday. 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 1-year low of $48.05 and a 1-year high of $71.95. The stock has a market cap of $27,514.22, a price-to-earnings ratio of 22.90, a PEG ratio of 2.36 and a beta of 0.79.
V.F. Corporation (NYSE:VFC) last posted its earnings results on Monday, October 23rd. The textile maker reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.11. The company 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%. V.F. Corporation’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 earnings per share. equities research analysts forecast that V.F. Corporation will post 3.03 EPS for the current fiscal year.
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In other news, insider Laura C. Meagher sold 14,036 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $70.57, for a total value of $990,520.52. Following the completion of the transaction, the insider now owns 48,178 shares of the company’s stock, valued at $3,399,921.46. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Steven E. Rendle sold 65,604 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $70.57, for a total value of $4,629,674.28. Following the completion of the transaction, the chief executive officer now directly owns 162,235 shares of the company’s stock, valued at approximately $11,448,923.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 564,296 shares of company stock valued at $36,475,990. 1.60% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in VFC. Eaton Vance Management lifted its holdings in shares of V.F. Corporation by 1,249.7% in the second quarter. Eaton Vance Management now owns 930,352 shares of the textile maker’s stock valued at $53,588,000 after buying an additional 861,421 shares during the period. Gotham Asset Management LLC acquired a new stake in shares of V.F. Corporation in the first quarter valued at $36,383,000. PGGM Investments lifted its holdings in shares of V.F. Corporation by 220.9% in the second quarter. PGGM Investments now owns 680,333 shares of the textile maker’s stock valued at $39,187,000 after buying an additional 468,299 shares during the period. State Street Corp lifted its holdings in shares of V.F. Corporation by 1.4% in the first quarter. State Street Corp now owns 20,946,013 shares of the textile maker’s stock valued at $1,151,388,000 after buying an additional 295,004 shares during the period. Finally, OLD Republic International Corp purchased a new stake in shares of V.F. Corporation during the first quarter valued at $14,430,000.
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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