Barclays Issues Positive Forecast for VF (NYSE:VFC) Stock Price

VF (NYSE:VFC) had its target price lifted by Barclays from $29.00 to $34.00 in a research report released on Thursday morning,Benzinga reports. They currently have an overweight rating on the textile maker’s stock.

Several other brokerages also recently weighed in on VFC. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $21.00 target price on shares of VF in a report on Wednesday. Robert W. Baird increased their target price on VF from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group began coverage on VF in a report on Friday, October 11th. They issued a “neutral” rating and a $20.00 price target on the stock. Jefferies Financial Group lifted their price objective on shares of VF from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Stifel Nicolaus upped their target price 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 analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.47.

VF Price Performance

NYSE VFC opened at $26.88 on Thursday. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86. The business’s fifty day moving average is $22.12 and its 200 day moving average is $19.65. VF has a fifty-two week low of $11.00 and a fifty-two week high of $29.02.

VF (NYSE:VFC) last announced its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a positive return on equity of 15.35% and a negative net margin of 4.63%. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Research analysts forecast that VF will post 0.48 EPS for the current fiscal year.

VF Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Monday, March 10th. VF’s dividend payout ratio (DPR) is currently -30.25%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Future Financial Wealth Managment LLC bought a new stake in shares of VF during the 3rd quarter worth approximately $40,000. CKW Financial Group lifted its position 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 worth $47,000 after purchasing an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of VF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after purchasing an additional 3,008 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in VF in the 2nd quarter worth about $241,000. Finally, Quent Capital LLC boosted its position in VF by 1,917.1% in the 3rd quarter. Quent Capital LLC now owns 12,627 shares of the textile maker’s stock valued at $247,000 after buying an additional 12,001 shares during the period. 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.