VF (NYSE:VFC) Price Target Raised to $34.00

VF (NYSE:VFC) had its price objective boosted by Barclays from $29.00 to $34.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the textile maker’s stock.

A number of other brokerages have also weighed in on VFC. Robert W. Baird increased their price objective on VF from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. 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 note on Tuesday. StockNews.com upgraded shares of VF from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. Stifel Nicolaus boosted their target price on shares of VF from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Finally, TD Cowen lifted their price objective on VF from $16.00 to $19.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.47.

VF Trading Up 5.2 %

VF stock opened at $26.88 on Thursday. The business has a fifty day moving average price of $22.12 and a 200-day moving average price of $19.65. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. VF has a 1-year low of $11.00 and a 1-year high of $29.02.

VF (NYSE:VFC) last announced its quarterly earnings data 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 negative net margin of 4.63% and a positive return on equity of 15.35%. During the same period last year, the company posted $0.57 earnings per share. As a group, equities analysts anticipate that VF will post 0.48 EPS for the current year.

VF Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.36 dividend on an annualized basis and a yield of 1.34%. VF’s payout ratio is presently -30.25%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC purchased a new stake in shares of VF in the third quarter valued at about $40,000. CKW Financial Group increased its holdings 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 buying an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of VF by 100.0% during 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 buying an additional 3,008 shares during the period. Quent Capital LLC lifted its holdings in VF by 1,917.1% in the third quarter. Quent Capital LLC now owns 12,627 shares of the textile maker’s stock valued at $247,000 after acquiring an additional 12,001 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in VF in the second quarter worth approximately $241,000. 86.84% of the stock is currently owned by institutional investors and hedge funds.

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.