VF's (VFC) "Buy" Rating Reiterated at Needham & Company LLC

VF (NYSE:VFC - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Needham & Company LLC in a report released on Friday,Benzinga reports. They currently have a $28.00 target price on the textile maker's stock. Needham & Company LLC's price target would indicate a potential upside of 61.71% from the company's previous close.

Several other research firms have also recently issued reports on VFC. Truist Financial reiterated a "hold" rating and issued a $24.00 target price (up from $20.00) on shares of VF in a research note on Thursday, January 30th. Wells Fargo & Company lifted their price objective on shares of VF from $17.00 to $21.00 and gave the company an "underweight" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. increased their target price on shares of VF from $20.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. UBS Group lifted their price target on VF from $24.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Finally, Argus upgraded VF from a "hold" rating to a "buy" rating and set a $25.00 price target on the stock in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, VF presently has an average rating of "Hold" and an average target price of $22.90.

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VF Stock Performance

NYSE:VFC traded down $0.09 during mid-day trading on Friday, hitting $17.32. The company's stock had a trading volume of 12,999,664 shares, compared to its average volume of 6,239,160. The business's fifty day moving average is $23.94 and its two-hundred day moving average is $21.23. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of -14.55, a PEG ratio of 6.77 and a beta of 1.46. VF has a 1 year low of $11.00 and a 1 year high of $29.02. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00.

VF (NYSE:VFC - Get Free Report) last posted its earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same quarter last year, the business earned $0.57 EPS. Analysts anticipate that VF will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VFC. CKW Financial Group increased its position in VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock worth $47,000 after purchasing an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of VF by 100.0% in 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 buying an additional 3,008 shares during the period. TB Alternative Assets Ltd. acquired a new stake in shares of VF during the 4th quarter worth approximately $1,878,000. Fiduciary Alliance LLC raised 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 valued at $5,505,000 after buying an additional 16,431 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its holdings in VF by 1.8% in the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker's stock valued at $73,084,000 after acquiring an additional 65,919 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company's stock.

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.