VF (NYSE:VFC) Reaches New 12-Month High - Should You Buy?

VF Corporation (NYSE:VFC - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $26.57 and last traded at $26.93, with a volume of 477217 shares. The stock had previously closed at $25.99.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VFC shares. OTR Global upgraded VF from a "mixed" rating to a "positive" rating in a report on Friday, January 10th. JPMorgan Chase & Co. raised their price target on VF from $20.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Guggenheim upped their price objective on shares of VF from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Truist Financial began coverage on shares of VF in a research report on Thursday, December 5th. They issued a "hold" rating and a $20.00 target price on the stock. Finally, Stifel Nicolaus upped their price target on shares of VF from $21.00 to $25.00 and gave the stock a "buy" rating in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $19.84.

VF Price Performance

The company's 50-day simple moving average is $21.84 and its 200-day simple moving average is $19.52. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. The company has a market cap of $10.32 billion, a price-to-earnings ratio of -15.32, a P/E/G ratio of 9.74 and a beta of 1.45.

VF (NYSE:VFC - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.19. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.72 billion. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The firm's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 EPS. On average, equities research analysts anticipate that VF Corporation will post 0.48 EPS for the current year.

Institutional Investors Weigh In On VF

A number of hedge funds have recently bought and sold shares of VFC. Segall Bryant & Hamill LLC raised its stake 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 purchasing an additional 65,919 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in VF by 90.7% in the second 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 buying an additional 96,442 shares during the last quarter. Hanseatic Management Services Inc. acquired a new stake in VF during the third quarter valued at approximately $640,000. TB Alternative Assets Ltd. bought a new position in VF during the 4th quarter worth approximately $1,878,000. Finally, Handelsbanken Fonder AB grew its position in shares of VF by 40.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 107,700 shares of the textile maker's stock worth $2,149,000 after acquiring an additional 30,800 shares in the last quarter. Institutional investors and hedge funds 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.