Piper Sandler Reaffirms "Neutral" Rating for VF (NYSE:VFC)

VF (NYSE:VFC - Get Free Report)'s stock had its "neutral" rating reiterated by stock analysts at Piper Sandler in a report issued on Thursday, Marketbeat Ratings reports. They presently have a $18.00 price objective on the textile maker's stock. Piper Sandler's price objective would indicate a potential upside of 14.59% from the stock's current price.

A number of other analysts have also recently issued reports on VFC. OTR Global upgraded VF from a "mixed" rating to a "positive" rating in a research report on Friday, January 10th. BMO Capital Markets boosted their price target on shares of VF from $14.00 to $25.00 and gave the company a "market perform" rating in a report on Thursday, January 30th. UBS Group raised their price objective on shares of VF from $24.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. The Goldman Sachs Group upped their target price on shares of VF from $22.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Finally, Guggenheim raised their price target on shares of VF from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $22.67.

VF Stock Performance

Shares of VF stock traded down $0.76 during midday trading on Thursday, hitting $15.71. The company had a trading volume of 5,291,393 shares, compared to its average volume of 7,625,865. VF has a 1-year low of $11.00 and a 1-year high of $29.02. The business's 50 day simple moving average is $22.32 and its two-hundred day simple moving average is $21.06. The stock has a market cap of $6.12 billion, a PE ratio of -13.20, a P/E/G ratio of 6.77 and a beta of 1.46. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00.

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VF (NYSE:VFC - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $0.57 EPS. As a group, equities analysts predict that VF will post 0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On VF

Hedge funds and other institutional investors have recently made changes to their positions in the company. CKW Financial Group lifted its stake in shares of VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock valued at $47,000 after acquiring an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in VF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker's stock valued at $129,000 after purchasing an additional 3,008 shares during the period. TB Alternative Assets Ltd. bought a new position in shares of VF in the 4th quarter valued at about $1,878,000. Fiduciary Alliance LLC grew its position in shares of VF by 6.8% during the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker's stock worth $5,505,000 after buying an additional 16,431 shares during the period. Finally, Segall Bryant & Hamill LLC raised its stake in shares of VF by 5.8% during the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker's stock worth $83,153,000 after buying an additional 211,440 shares during the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

About VF

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.