V.F. (NYSE:VFC) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

by · The Markets Daily

V.F. (NYSE:VFC – Get Free Report) had its price objective increased by analysts at Stifel Nicolaus from $18.00 to $19.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the textile maker’s stock. Stifel Nicolaus’ target price points to a potential downside of 4.45% from the company’s previous close.

A number of other equities research analysts have also weighed in on VFC. Telsey Advisory Group reaffirmed a “market perform” rating and set a $16.00 target price on shares of V.F. in a research note on Wednesday. Jefferies Financial Group began coverage on V.F. in a report on Wednesday, January 14th. They set a “hold” rating and a $18.00 target price on the stock. Robert W. Baird set a $25.00 target price on V.F. in a research note on Wednesday, December 17th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of V.F. in a research note on Monday, December 29th. Finally, KGI Securities set a $14.50 price objective on V.F. and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Three research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.09.

Check Out Our Latest Analysis on VFC

V.F. Trading Up 4.1%

Shares of VFC traded up $0.78 during mid-day trading on Thursday, hitting $19.89. 3,565,272 shares of the company’s stock traded hands, compared to its average volume of 7,281,744. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 2.40. V.F. has a 1 year low of $9.41 and a 1 year high of $26.93. The firm has a market capitalization of $7.77 billion, a P/E ratio of 90.36, a PEG ratio of 2.06 and a beta of 1.66. The business’s 50-day moving average price is $18.61 and its 200-day moving average price is $15.63.

V.F. (NYSE:VFC – Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The textile maker reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.13. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.81 billion. V.F. had a return on equity of 20.34% and a net margin of 0.95%.The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 earnings per share. As a group, sell-side analysts forecast that V.F. will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VFC. Segall Bryant & Hamill LLC increased its position in shares of V.F. by 43.4% during the third quarter. Segall Bryant & Hamill LLC now owns 4,938,084 shares of the textile maker’s stock valued at $71,257,000 after acquiring an additional 1,495,148 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in V.F. by 104.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 567,886 shares of the textile maker’s stock valued at $6,673,000 after purchasing an additional 290,444 shares during the last quarter. Fiduciary Alliance LLC increased its holdings in shares of V.F. by 22.0% in the 3rd quarter. Fiduciary Alliance LLC now owns 586,877 shares of the textile maker’s stock worth $8,469,000 after purchasing an additional 105,786 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of V.F. by 21.3% in 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 purchasing an additional 100,680 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of 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 in the last quarter. Institutional investors own 86.84% of the company’s stock.

Key V.F. News

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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