Wells Fargo & Company Forecasts Strong Price Appreciation for VF (NYSE:VFC) Stock

VF (NYSE:VFC) had its target price boosted by stock analysts at Wells Fargo & Company from $17.00 to $21.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the textile maker’s stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 21.87% from the company’s previous close.

Several other brokerages have also recently issued reports on VFC. JPMorgan Chase & Co. raised their price objective on VF from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. BMO Capital Markets lifted their price target on shares of VF from $14.00 to $25.00 and gave the company a “market perform” rating in a report on Thursday. Citigroup boosted their price objective on shares of VF from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. TD Cowen lifted their target price on VF from $16.00 to $19.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Finally, Guggenheim increased their price target on VF from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.47.

VF Trading Up 5.2 %

Shares of VF stock traded up $1.32 during mid-day trading on Thursday, hitting $26.88. 7,995,182 shares of the stock were exchanged, compared to its average volume of 6,849,629. VF has a twelve month low of $11.00 and a twelve month high of $29.02. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of -15.54, a price-to-earnings-growth ratio of 9.74 and a beta of 1.45. The company has a 50-day simple moving average of $22.12 and a 200 day simple moving average of $19.65. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86.

VF (NYSE:VFC) last released its earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, beating the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. During the same quarter in the previous year, the company posted $0.57 earnings per share. Research analysts forecast that VF will post 0.48 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VFC. Future Financial Wealth Managment LLC bought a new position in shares of VF in the third quarter valued at $40,000. CKW Financial Group increased its position in shares of VF by 29.4% in 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 period. Thurston Springer Miller Herd & Titak Inc. increased 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 purchasing an additional 3,008 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of VF during the second quarter worth $241,000. Finally, Quent Capital LLC boosted its position in VF by 1,917.1% during the 3rd quarter. Quent Capital LLC now owns 12,627 shares of the textile maker’s stock worth $247,000 after buying an additional 12,001 shares during the period. 86.84% of the stock is currently owned by institutional investors.

About VF

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.