VF (NYSE:VFC) Now Covered by Needham & Company LLC

Equities researchers at Needham & Company LLC assumed coverage on shares of VF (NYSE:VFC - Get Free Report) in a research report issued on Wednesday, Marketbeat.com reports. The firm set a "buy" rating and a $28.00 price target on the textile maker's stock. Needham & Company LLC's price target would indicate a potential upside of 9.39% from the company's previous close.

VFC has been the subject of a number of other research reports. Citigroup lifted their price target on shares of VF from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. Robert W. Baird boosted their price objective on shares of VF from $23.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. OTR Global upgraded shares of VF from a "mixed" rating to a "positive" rating in a research report on Friday, January 10th. Jefferies Financial Group boosted their price objective on shares of VF from $21.00 to $24.00 and gave the stock a "hold" rating in a research report on Tuesday, January 28th. Finally, Barclays boosted their price objective on shares of VF from $29.00 to $34.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, VF currently has an average rating of "Hold" and a consensus target price of $22.75.

VF Stock Up 0.2 %

Shares of VFC stock traded up $0.06 during trading on Wednesday, reaching $25.60. The company's stock had a trading volume of 4,690,235 shares, compared to its average volume of 6,780,650. VF has a 1-year low of $11.00 and a 1-year high of $29.02. The stock's 50-day moving average price is $23.22 and its 200 day moving average price is $20.39. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00. The company has a market capitalization of $9.97 billion, a price-to-earnings ratio of -21.51, a P/E/G ratio of 6.57 and a beta of 1.46.

VF (NYSE:VFC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. During the same period in the prior year, the company earned $0.57 earnings per share. On average, research analysts anticipate that VF will post 0.7 EPS for the current year.

Hedge Funds Weigh In On VF

Institutional investors have recently bought and sold shares of the company. Segall Bryant & Hamill LLC increased its stake in 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. Hanseatic Management Services Inc. acquired a new position in shares of VF during the 3rd quarter worth $640,000. TB Alternative Assets Ltd. acquired a new position in shares of VF during the 4th quarter worth $1,878,000. Sanctuary Advisors LLC acquired a new position in shares of VF during the 2nd quarter worth $241,000. Finally, Arkadios Wealth Advisors grew its stake in shares of VF by 5.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker's stock worth $481,000 after purchasing an additional 1,217 shares during the period. 86.84% of the stock is owned by institutional investors and hedge funds.

VF Company Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.