VF (NYSE:VFC) Given New $29.00 Price Target at Barclays

VF (NYSE:VFC) had its price target hoisted by Barclays from $25.00 to $29.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the textile maker’s stock.

Several other analysts have also issued reports on the company. Truist Financial initiated coverage on VF in a report on Thursday, December 5th. They set a “hold” rating and a $20.00 price target for the company. Robert W. Baird boosted their price objective on VF from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. raised their target price on shares of VF from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday. Guggenheim upped their target price on shares of VF from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Argus raised VF from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, December 17th. Three investment 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’s stock. According to MarketBeat.com, VF currently has an average rating of “Hold” and a consensus target price of $19.63.

VF Trading Up 2.7 %

NYSE VFC opened at $23.62 on Thursday. The company has a 50-day moving average price of $21.13 and a 200-day moving average price of $18.82. VF has a 52 week low of $11.00 and a 52 week high of $23.87. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 2.86.

VF (NYSE:VFC) last announced its earnings results on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. The business 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 revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 earnings per share. As a group, analysts predict that VF will post 0.48 EPS for the current year.

VF Dividend Announcement

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

Institutional Trading of VF

Hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. grew its position in VF by 28.0% in the second quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock worth $159,609,000 after acquiring an additional 2,589,852 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of VF by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,125,417 shares of the textile maker’s stock worth $55,694,000 after purchasing an additional 113,128 shares during the period. Segall Bryant & Hamill LLC increased its position in shares of VF by 1.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock valued at $73,084,000 after purchasing an additional 65,919 shares during the last quarter. Deprince Race & Zollo Inc. raised its holdings in VF by 28.3% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 3,057,884 shares of the textile maker’s stock valued at $41,281,000 after buying an additional 673,979 shares during the period. Finally, Public Sector Pension Investment Board lifted its position in VF by 1,365.2% in the second quarter. Public Sector Pension Investment Board now owns 727,148 shares of the textile maker’s stock worth $9,816,000 after buying an additional 677,519 shares during the last quarter. 86.84% of the stock is currently 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.