VF (NYSE:VFC) Price Target Raised to $24.00 at Jefferies Financial Group

VF (NYSE:VFC) had its target price lifted by stock analysts at Jefferies Financial Group from $21.00 to $24.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the textile maker’s stock. Jefferies Financial Group’s price objective indicates a potential downside of 9.45% from the stock’s current price.

A number of other equities analysts have also issued reports on the stock. Wells Fargo & Company lowered shares of VF from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $16.00 to $15.00 in a research report on Monday, October 14th. Barclays lifted their price objective on shares of VF from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Truist Financial assumed coverage on shares of VF in a research note on Thursday, December 5th. They set a “hold” rating and a $20.00 target price for the company. Robert W. Baird boosted their price target on VF from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Argus raised VF from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Tuesday, December 17th. 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 stock. According to MarketBeat, VF has an average rating of “Hold” and an average price target of $19.84.

VF Stock Performance

NYSE VFC traded up $0.51 during trading hours on Tuesday, hitting $26.50. The company had a trading volume of 9,210,199 shares, compared to its average volume of 5,616,174. The business has a 50 day moving average of $21.84 and a 200-day moving average of $19.52. The company has a market cap of $10.32 billion, a PE ratio of -15.32, a price-to-earnings-growth ratio of 9.74 and a beta of 1.45. VF has a 1-year low of $11.00 and a 1-year high of $26.98. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.88 and a current ratio of 1.30.

VF (NYSE:VFC) last announced its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.72 billion. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. The business’s revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 EPS. As a group, equities research analysts expect that VF will post 0.48 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. CKW Financial Group increased its stake in shares of VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares in the last quarter. TB Alternative Assets Ltd. acquired a new position in shares of VF in the fourth quarter worth $1,878,000. Thurston Springer Miller Herd & Titak Inc. lifted its position 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 valued at $129,000 after acquiring an additional 3,008 shares in the last quarter. Fiduciary Alliance LLC boosted its stake in shares of VF by 6.8% during the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after acquiring an additional 16,431 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in VF by 1.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after purchasing an additional 65,919 shares in the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

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.