VF (NYSE:VFC) Upgraded by OTR Global to Positive Rating

VF (NYSE:VFC - Get Free Report) was upgraded by equities research analysts at OTR Global from a "mixed" rating to a "positive" rating in a research note issued on Friday,Benzinga reports.

VFC has been the subject of several other reports. Argus upgraded shares of VF from a "hold" rating to a "buy" rating and set a $25.00 target price for the company in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lifted their price target on VF from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. Citigroup increased their price target on VF from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, October 29th. Stifel Nicolaus increased their target price on VF from $21.00 to $25.00 and gave the company a "buy" rating in a research report on Monday, October 14th. Finally, Jefferies Financial Group initiated coverage on shares of VF in a research note on Friday, September 27th. They set a "hold" rating and a $20.00 target price for the company. 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 stock. According to data from MarketBeat.com, VF has a consensus rating of "Hold" and an average price target of $19.11.

VF Trading Up 5.5 %

VFC stock traded up $1.19 during mid-day trading on Friday, reaching $22.73. The company had a trading volume of 9,478,501 shares, compared to its average volume of 5,052,179. The company has a market capitalization of $8.85 billion, a PE ratio of -13.14, a price-to-earnings-growth ratio of 8.19 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 has a 12 month low of $11.00 and a 12 month high of $23.49. The firm has a 50 day moving average of $20.99 and a 200 day moving average of $18.53.

VF (NYSE:VFC - Get Free Report) last posted its quarterly earnings data 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. 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 company's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 earnings per share. On average, equities analysts predict that VF will post 0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VFC. Future Financial Wealth Managment LLC bought a new stake in VF in the third quarter valued at approximately $40,000. Abich Financial Wealth Management LLC bought a new stake in VF in the 2nd quarter valued at $60,000. Legacy Financial Advisors Inc. acquired a new stake in VF during the 2nd quarter valued at $158,000. Citizens Financial Group Inc. RI bought a new stake in shares of VF during the 2nd quarter worth about $196,000. Finally, J.W. Cole Advisors Inc. lifted 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 worth $217,000 after acquiring an additional 2,919 shares during the last quarter. 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.