VF (NYSE:VFC) Price Target Raised to $24.00

VF (NYSE:VFC) had its target price lifted by Jefferies Financial Group from $21.00 to $24.00 in a research note released on Tuesday,Benzinga reports. They currently have a hold rating on the textile maker’s stock.

Several other brokerages also recently commented on VFC. JPMorgan Chase & Co. upped their target price on VF from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Truist Financial initiated coverage on shares of VF in a research note on Thursday, December 5th. They set a “hold” rating and a $20.00 price objective for the company. Wells Fargo & Company downgraded shares of VF from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $16.00 to $15.00 in a research report on Monday, October 14th. The Goldman Sachs Group started coverage on shares of VF in a research report on Friday, October 11th. They issued a “neutral” rating and a $20.00 price target for the company. Finally, Barclays raised their price objective on shares of VF from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, VF has an average rating of “Hold” and an average price target of $22.47.

VF Stock Performance

Shares of VFC opened at $26.88 on Tuesday. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. The firm’s 50 day moving average is $22.12 and its 200-day moving average is $19.65. VF has a 12-month low of $11.00 and a 12-month high of $29.02. The stock has a market capitalization of $10.46 billion, a P/E ratio of -15.54, a P/E/G ratio of 9.74 and a beta of 1.45.

VF (NYSE:VFC) last posted its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. During the same period last year, the business earned $0.57 EPS. Equities research analysts anticipate that VF will post 0.48 EPS for the current fiscal year.

VF Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be issued a $0.09 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.36 dividend on an annualized basis and a yield of 1.34%. VF’s dividend payout ratio is currently -20.81%.

Institutional Trading of VF

A number of institutional investors have recently added to or reduced their stakes in the business. CKW Financial Group lifted its stake in shares of VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after acquiring an additional 500 shares during the period. Arkadios Wealth Advisors increased its position in VF by 5.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock valued at $481,000 after purchasing an additional 1,217 shares during the period. Future Financial Wealth Managment LLC bought a new position in VF during the 3rd quarter worth approximately $40,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of VF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after purchasing an additional 3,008 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of VF by 44.7% in the 3rd quarter. GAMMA Investing LLC now owns 27,906 shares of the textile maker’s stock valued at $557,000 after purchasing an additional 8,615 shares during the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

About VF

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.