VF Corp (NYSE:VFC) had its target price raised by Cowen and Company from $52.00 to $56.00 in a report published on Tuesday morning. Cowen and Company currently has a market perform rating on the textile maker’s stock.
A number of other brokerages have also weighed in on VFC. Piper Jaffray Companies reissued a hold rating and issued a $56.00 price objective on shares of VF Corp in a report on Tuesday, January 17th. B. Riley reissued a neutral rating and issued a $53.00 price objective on shares of VF Corp in a report on Monday, April 3rd. Susquehanna Bancshares Inc reaffirmed a neutral rating and set a $47.00 target price on shares of VF Corp in a report on Thursday, February 9th. Goldman Sachs Group Inc lowered VF Corp from a buy rating to a neutral rating and set a $51.00 target price on the stock. in a report on Thursday, February 2nd. Finally, Vetr lowered VF Corp from a hold rating to a sell rating and set a $51.00 target price on the stock. in a report on Monday, March 13th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $56.35.
Shares of VF Corp (NYSE:VFC) traded up 1.630% during trading on Tuesday, hitting $56.425. The stock had a trading volume of 1,221,483 shares. VF Corp has a 12 month low of $48.05 and a 12 month high of $66.31. The stock has a 50-day moving average price of $54.02 and a 200 day moving average price of $53.83. The company has a market cap of $23.36 billion, a P/E ratio of 22.154 and a beta of 0.81.
VF Corp (NYSE:VFC) last announced its quarterly earnings data on Friday, February 17th. The textile maker reported $0.97 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.97. The business had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.47 billion. VF Corp had a return on equity of 26.26% and a net margin of 9.23%. The company’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company earned $0.95 earnings per share. Equities analysts expect that VF Corp will post $3.05 EPS for the current fiscal year.
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Large investors have recently bought and sold shares of the company. Parallel Advisors LLC acquired a new stake in VF Corp during the fourth quarter valued at about $100,000. Norway Savings Bank boosted its stake in VF Corp by 4.2% in the first quarter. Norway Savings Bank now owns 2,918 shares of the textile maker’s stock valued at $160,000 after buying an additional 118 shares during the period. Integrated Investment Consultants LLC boosted its stake in VF Corp by 14.3% in the first quarter. Integrated Investment Consultants LLC now owns 3,543 shares of the textile maker’s stock valued at $195,000 after buying an additional 443 shares during the period. Trust Co. of Vermont boosted its stake in VF Corp by 3.8% in the third quarter. Trust Co. of Vermont now owns 3,572 shares of the textile maker’s stock valued at $200,000 after buying an additional 132 shares during the period. Finally, Coastline Trust Co acquired a new stake in VF Corp during the first quarter valued at about $213,000.
VF Corp 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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