Shares of VF Corp (NYSE:VFC) have been given an average rating of “Hold” by the twenty-four brokerages that are presently covering the stock. Three research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $55.50.
A number of research analysts recently commented on VFC shares. B. Riley restated a “neutral” rating and set a $53.00 price objective on shares of VF Corp in a research note on Monday, April 3rd. Canaccord Genuity set a $53.00 price objective on VF Corp and gave the stock a “hold” rating in a research note on Saturday, April 1st. Piper Jaffray Companies set a $52.00 price objective on VF Corp and gave the stock a “hold” rating in a research note on Saturday, February 18th. Vetr downgraded VF Corp from a “sell” rating to a “strong sell” rating and set a $49.00 price objective for the company. in a research note on Tuesday, April 11th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and set a $47.00 price objective on shares of VF Corp in a research note on Thursday, February 9th.
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A number of large investors have recently made changes to their positions in the company. Douglas Lane & Associates LLC increased its stake in shares of VF Corp by 3.4% in the first quarter. Douglas Lane & Associates LLC now owns 731,983 shares of the textile maker’s stock valued at $40,237,000 after buying an additional 24,243 shares in the last quarter. Retirement Systems of Alabama raised its stake in VF Corp by 2.1% in the first quarter. Retirement Systems of Alabama now owns 160,130 shares of the textile maker’s stock worth $8,802,000 after buying an additional 3,259 shares during the period. Stewart & Patten Co. LLC raised its stake in VF Corp by 6.0% in the first quarter. Stewart & Patten Co. LLC now owns 168,184 shares of the textile maker’s stock worth $9,246,000 after buying an additional 9,550 shares during the period. Motco raised its stake in VF Corp by 1.7% in the first quarter. Motco now owns 84,200 shares of the textile maker’s stock worth $4,629,000 after buying an additional 1,368 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in VF Corp during the first quarter worth about $1,723,000.
Shares of VF Corp (NYSE:VFC) traded down 1.1137% on Tuesday, hitting $55.8114. 1,731,935 shares of the stock were exchanged. VF Corp has a 52-week low of $48.05 and a 52-week high of $66.31. The stock has a market cap of $23.11 billion, a PE ratio of 21.9126 and a beta of 0.81. The company’s 50 day moving average is $54.12 and its 200-day moving average is $53.84.
VF Corp (NYSE:VFC) last posted its quarterly earnings results on Friday, February 17th. The textile maker reported $0.97 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate 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 business’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 EPS. Analysts predict that VF Corp will post $3.05 EPS for the current fiscal year.
About VF Corp
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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