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VF (NYSE:VFC) Price Target Raised to $23.00

VF logo with Consumer Discretionary background

VF (NYSE:VFC - Get Free Report) had its price objective raised by analysts at JPMorgan Chase & Co. from $20.00 to $23.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the textile maker's stock. JPMorgan Chase & Co.'s price objective suggests a potential downside of 2.62% from the company's current price.

A number of other research firms also recently issued reports on VFC. Citigroup lifted their target price on VF from $20.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. Robert W. Baird lifted their target price on VF from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Guggenheim lifted their target price on VF from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Jefferies Financial Group initiated coverage on VF in a research report on Friday, September 27th. They issued a "hold" rating and a $20.00 target price on the stock. Finally, Wells Fargo & Company downgraded VF from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $16.00 to $15.00 in a research report on Monday, October 14th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, VF has an average rating of "Hold" and a consensus target price of $19.63.

View Our Latest Stock Report on VFC

VF Stock Up 2.7 %

Shares of VFC traded up $0.62 during midday trading on Thursday, hitting $23.62. The stock had a trading volume of 4,269,248 shares, compared to its average volume of 5,404,613. The company has a 50 day simple moving average of $21.13 and a two-hundred day simple moving average of $18.82. VF has a twelve month low of $11.00 and a twelve month high of $23.87. The firm has a market cap of $9.19 billion, a price-to-earnings ratio of -13.65, a price-to-earnings-growth ratio of 8.84 and a beta of 1.45. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88.

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, beating the consensus estimate 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 firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter last year, the business posted $0.63 EPS. The company's revenue for the quarter was down 5.6% on a year-over-year basis. On average, analysts anticipate that VF will post 0.48 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VFC. Victory Capital Management Inc. raised its position in VF by 22.6% during the second quarter. Victory Capital Management Inc. now owns 73,513 shares of the textile maker's stock valued at $992,000 after purchasing an additional 13,556 shares in the last quarter. American Century Companies Inc. raised its position in VF by 22.3% during the second quarter. American Century Companies Inc. now owns 88,093 shares of the textile maker's stock valued at $1,189,000 after purchasing an additional 16,041 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in VF by 22.2% during the second quarter. J.W. Cole Advisors Inc. now owns 16,076 shares of the textile maker's stock valued at $217,000 after purchasing an additional 2,919 shares in the last quarter. Dimensional Fund Advisors LP raised its position in VF by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,125,417 shares of the textile maker's stock valued at $55,694,000 after purchasing an additional 113,128 shares in the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new position in VF during the second quarter valued at approximately $196,000. 86.84% of the stock is currently owned by institutional investors and hedge funds.

VF Company Profile

(Get Free Report)

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.

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