Stifel Nicolaus Forecasts Strong Price Appreciation for V.F. (NYSE:VFC) Stock

by · The Cerbat Gem

V.F. (NYSE:VFC – Get Free Report) had its target price boosted by equities research analysts at Stifel Nicolaus from $18.00 to $19.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “hold” rating on the textile maker’s stock. Stifel Nicolaus’ price objective would suggest a potential downside of 2.79% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Piper Sandler upped their price objective on shares of V.F. from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. JPMorgan Chase & Co. increased their price target on V.F. from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. The Goldman Sachs Group raised their price target on V.F. from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday. Jefferies Financial Group started coverage on V.F. in a research report on Wednesday, January 14th. They issued a “hold” rating and a $18.00 price objective for the company. Finally, Guggenheim began coverage on shares of V.F. in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Three analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.09.

Get Our Latest Stock Analysis on VFC

V.F. Stock Performance

Shares of VFC stock opened at $19.55 on Thursday. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.55 and a quick ratio of 0.87. The stock has a market cap of $7.65 billion, a PE ratio of 35.54, a price-to-earnings-growth ratio of 1.91 and a beta of 1.66. The stock has a 50-day moving average of $18.79 and a 200-day moving average of $15.71. V.F. has a one year low of $9.41 and a one year high of $26.79.

V.F. (NYSE:VFC – Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The textile maker reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.15. V.F. had a net margin of 2.33% and a return on equity of 19.08%. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the firm earned $0.62 EPS. V.F.’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, sell-side analysts expect that V.F. will post 0.73 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC increased its stake in V.F. by 43.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 4,938,084 shares of the textile maker’s stock valued at $71,257,000 after buying an additional 1,495,148 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of V.F. by 104.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 567,886 shares of the textile maker’s stock valued at $6,673,000 after acquiring an additional 290,444 shares in the last quarter. Fiduciary Alliance LLC increased its position in shares of V.F. by 22.0% in the third quarter. Fiduciary Alliance LLC now owns 586,877 shares of the textile maker’s stock valued at $8,469,000 after acquiring an additional 105,786 shares during the last quarter. New York State Common Retirement Fund raised its holdings in V.F. by 21.3% during the second quarter. New York State Common Retirement Fund now owns 573,649 shares of the textile maker’s stock worth $6,740,000 after acquiring an additional 100,680 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in V.F. by 115.2% during the third quarter. SG Americas Securities LLC now owns 113,951 shares of the textile maker’s stock valued at $1,644,000 after purchasing an additional 60,998 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

Key Headlines Impacting V.F.

Here are the key news stories impacting V.F. this week:

V.F. Company Profile

(Get Free Report)

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.

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