VF (NYSE:VFC) Given New $23.00 Price Target at JPMorgan Chase & Co.

VF (NYSE:VFC) had its target price lifted by JPMorgan Chase & Co. from $20.00 to $23.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the textile maker’s stock.

Several other brokerages also recently weighed in on VFC. TD Cowen upped their target price on shares of VF from $16.00 to $19.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Jefferies Financial Group started coverage on shares of VF in a research note on Friday, September 27th. They issued a “hold” rating and a $20.00 price objective on the stock. Argus raised VF from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Tuesday, December 17th. The Goldman Sachs Group assumed coverage on VF in a research report on Friday, October 11th. They set a “neutral” rating and a $20.00 price target for the company. Finally, Barclays raised their price target on VF from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.63.

VF Price Performance

Shares of VFC opened at $23.62 on Thursday. The company has a 50 day moving average of $21.13 and a two-hundred day moving average of $18.82. VF has a twelve month low of $11.00 and a twelve month high of $23.87. 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 posted its quarterly earnings data on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, topping 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 negative net margin of 6.68% and a positive return on equity of 12.53%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.63 EPS. Equities analysts predict that VF will post 0.48 EPS for the current fiscal year.

VF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Tuesday, December 10th. VF’s dividend payout ratio is -20.81%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. raised its position in VF by 100.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after acquiring an additional 3,008 shares in the last quarter. Fiduciary Alliance LLC raised its holdings in VF by 6.8% in the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after buying an additional 16,431 shares during the last quarter. Segall Bryant & Hamill LLC raised its holdings 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 during the last quarter. Hanseatic Management Services Inc. acquired a new stake in VF in the 3rd quarter valued at $640,000. Finally, Arkadios Wealth Advisors boosted its holdings in VF by 5.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after acquiring an additional 1,217 shares during the last quarter. 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.