Shares of V.F. Corporation (NYSE:VFC) have been assigned an average recommendation of “Hold” from the twenty-four brokerages that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $55.67.
Several equities analysts have issued reports on VFC shares. Stifel Nicolaus reiterated a “hold” rating and issued a $56.00 target price on shares of V.F. Corporation in a research note on Sunday, April 23rd. Vetr lowered V.F. Corporation from a “sell” rating to a “strong sell” rating and set a $49.00 target price on the stock. in a research note on Tuesday, April 11th. Canaccord Genuity reiterated a “hold” rating and issued a $53.00 target price on shares of V.F. Corporation in a research note on Friday, May 26th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $49.00 target price (down previously from $52.00) on shares of V.F. Corporation in a research note on Monday, May 1st. Finally, TheStreet upgraded V.F. Corporation from a “c+” rating to a “b-” rating in a research note on Thursday, July 13th.
Shares of V.F. Corporation (NYSE VFC) traded up 1.63% during mid-day trading on Monday, hitting $58.65. 3,300,349 shares of the stock were exchanged. The stock’s 50 day moving average is $55.96 and its 200 day moving average is $53.88. V.F. Corporation has a 12 month low of $48.05 and a 12 month high of $65.20. The firm has a market cap of $23.49 billion, a P/E ratio of 23.91 and a beta of 0.78.
V.F. Corporation (NYSE:VFC) last posted its earnings results on Friday, April 28th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. V.F. Corporation had a return on equity of 26.78% and a net margin of 8.67%. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Analysts expect that V.F. Corporation will post $2.93 EPS for the current fiscal year.
V.F. Corporation announced that its board has approved a share buyback plan on Thursday, March 30th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the textile maker to repurchase up to 22.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Hedge funds have recently bought and sold shares of the stock. Orrstown Financial Services Inc. boosted its stake in V.F. Corporation by 9.2% in the second quarter. Orrstown Financial Services Inc. now owns 1,780 shares of the textile maker’s stock worth $103,000 after buying an additional 150 shares during the period. TrimTabs Asset Management LLC acquired a new stake in V.F. Corporation during the first quarter worth approximately $121,000. WFG Advisors LP boosted its stake in V.F. Corporation by 7.4% in the first quarter. WFG Advisors LP now owns 2,480 shares of the textile maker’s stock worth $136,000 after buying an additional 170 shares during the period. Zions Bancorporation boosted its stake in V.F. Corporation by 1.5% in the first quarter. Zions Bancorporation now owns 2,575 shares of the textile maker’s stock worth $140,000 after buying an additional 38 shares during the period. Finally, Crestwood Advisors Group LLC acquired a new stake in V.F. Corporation during the first quarter worth approximately $141,000.
V.F. Corporation Company Profile
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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