VF (NYSE:VFC) Rating Increased to Buy at Argus

VF (NYSE:VFC - Get Free Report) was upgraded by Argus from a "hold" rating to a "buy" rating in a note issued to investors on Tuesday, Marketbeat.com reports. The firm currently has a $25.00 price target on the textile maker's stock. Argus' price objective would suggest a potential upside of 10.57% from the company's previous close.

Several other analysts have also recently issued reports on VFC. Truist Financial started 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. The Goldman Sachs Group initiated coverage on shares of VF in a research report on Friday, October 11th. They set a "neutral" rating and a $20.00 price target on the stock. Wells Fargo & Company cut VF from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $16.00 to $15.00 in a report on Monday, October 14th. StockNews.com raised VF from a "sell" rating to a "hold" rating in a research note on Saturday, October 26th. Finally, Citigroup increased their price target on VF from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $19.11.

VF Price Performance

VFC traded up $0.99 during midday trading on Tuesday, hitting $22.61. 7,713,502 shares of the company traded hands, compared to its average volume of 7,955,372. The company has a market capitalization of $8.80 billion, a price-to-earnings ratio of -13.07, a PEG ratio of 8.19 and a beta of 1.49. The business has a 50 day simple moving average of $20.13 and a two-hundred day simple moving average of $17.64. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86. VF has a 52-week low of $11.00 and a 52-week high of $23.09.

VF (NYSE:VFC - Get Free Report) last announced its earnings results on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.19. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. The business had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.72 billion. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The business's revenue was down 5.6% compared to the same quarter last year. On average, equities analysts forecast that VF will post 0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VF

Large investors have recently modified their holdings of the stock. Segall Bryant & Hamill LLC lifted its holdings in shares of VF by 1.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker's stock valued at $73,084,000 after buying an additional 65,919 shares during the period. Principal Financial Group Inc. grew its stake in shares of VF by 328.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker's stock worth $21,922,000 after purchasing an additional 1,244,448 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in shares of VF by 90.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker's stock valued at $2,737,000 after purchasing an additional 96,442 shares in the last quarter. Hanseatic Management Services Inc. purchased a new stake in VF during the third quarter worth about $640,000. Finally, Smith Thornton Advisors LLC acquired a new position in VF during the second quarter worth about $436,000. Hedge funds and other institutional investors own 86.84% of the company's stock.

About VF

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.