Telsey Advisory Group reaffirmed their outperform rating on shares of VF (NYSE:VFC) in a research note released on Thursday morning, Briefing.com Automated Import reports. They currently have a $106.00 target price on the textile maker’s stock, up from their previous target price of $104.00.
Several other brokerages have also recently issued reports on VFC. UBS Group cut their price target on VF from $97.00 to $87.00 and set a neutral rating for the company in a research note on Friday, May 24th. Canaccord Genuity restated a buy rating on shares of Toronto-Dominion Bank in a research note on Thursday, May 23rd. Goldman Sachs Group set a €6.34 ($7.37) target price on Banco Bilbao Vizcaya Argentaria and gave the stock a neutral rating in a research note on Friday, May 17th. Cowen restated a buy rating on shares of ImmunoGen in a research note on Thursday, June 27th. Finally, Guggenheim restated a buy rating and set a $95.00 target price (up from $90.00) on shares of VF in a research note on Thursday, May 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. VF has a consensus rating of Buy and a consensus price target of $93.69.
Shares of VF stock traded down $0.61 on Thursday, hitting $88.73. The stock had a trading volume of 979,055 shares, compared to its average volume of 1,697,093. VF has a twelve month low of $67.18 and a twelve month high of $97.00. The company has a 50 day moving average price of $87.30. The company has a current ratio of 2.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $35.48 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 2.54 and a beta of 1.15.
VF (NYSE:VFC) last issued its quarterly earnings results on Wednesday, July 24th. The textile maker reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.24 billion. VF had a return on equity of 34.52% and a net margin of 8.62%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share. On average, equities research analysts expect that VF will post 3.34 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, September 10th will be issued a $0.43 dividend. The ex-dividend date is Monday, September 9th. This represents a $1.72 dividend on an annualized basis and a yield of 1.94%. VF’s payout ratio is 53.97%.
A number of institutional investors have recently modified their holdings of the business. Wallington Asset Management LLC grew its stake in shares of VF by 2.2% in the 1st quarter. Wallington Asset Management LLC now owns 161,092 shares of the textile maker’s stock valued at $14,001,000 after buying an additional 3,393 shares during the period. Stevens Capital Management LP grew its stake in shares of VF by 202.4% in the 1st quarter. Stevens Capital Management LP now owns 39,490 shares of the textile maker’s stock valued at $3,432,000 after buying an additional 26,430 shares during the period. Physicians Financial Services Inc. acquired a new stake in shares of VF in the 1st quarter valued at about $230,000. State Treasurer State of Michigan grew its stake in shares of VF by 0.4% in the 1st quarter. State Treasurer State of Michigan now owns 93,528 shares of the textile maker’s stock valued at $8,129,000 after buying an additional 400 shares during the period. Finally, Toth Financial Advisory Corp grew its stake in shares of VF by 130.3% in the 1st quarter. Toth Financial Advisory Corp now owns 5,029 shares of the textile maker’s stock valued at $437,000 after buying an additional 2,845 shares during the period.
VF Company Profile
V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.
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