V.F. Corporation (NYSE:VFC) Stock Rating Reaffirmed by Buckingham Research

V.F. Corporation (NYSE:VFC)‘s stock had its “neutral” rating reaffirmed by investment analysts at Buckingham Research in a report released on Monday, July 17th. They currently have a $55.00 price objective on the textile maker’s stock. Buckingham Research’s price target would indicate a potential downside of 11.08% from the stock’s current price.

VFC has been the topic of several other research reports. Stifel Nicolaus reiterated a “hold” rating and set a $56.00 price target on shares of V.F. Corporation in a research report on Sunday, April 23rd. Canaccord Genuity reiterated a “hold” rating and set a $53.00 price target on shares of V.F. Corporation in a research report on Friday, May 26th. B. Riley reiterated a “neutral” rating and set a $53.00 price target on shares of V.F. Corporation in a research report on Tuesday, April 25th. Vetr downgraded shares of V.F. Corporation from a “sell” rating to a “strong sell” rating and set a $49.00 price target on the stock. in a research report on Tuesday, April 11th. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $49.00 price target (down previously from $52.00) on shares of V.F. Corporation in a research report on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.45.

Shares of V.F. Corporation (NYSE VFC) traded up 1.71% during mid-day trading on Monday, reaching $61.85. 1,988,652 shares of the company traded hands. V.F. Corporation has a 52-week low of $48.05 and a 52-week high of $65.20. The stock has a market capitalization of $24.77 billion, a PE ratio of 60.05 and a beta of 0.78. The stock’s 50 day moving average is $57.07 and its 200 day moving average is $54.18.

V.F. Corporation (NYSE:VFC) last posted its earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. V.F. Corporation had a net margin of 9.23% and a return on equity of 27.44%. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, analysts anticipate that V.F. Corporation will post $2.96 earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in V.F. Corporation by 1,744.1% in the first quarter. BlackRock Inc. now owns 19,467,773 shares of the textile maker’s stock worth $1,070,143,000 after buying an additional 18,412,097 shares during the last quarter. Wellington Management Group LLP boosted its stake in V.F. Corporation by 13.9% in the first quarter. Wellington Management Group LLP now owns 33,920,937 shares of the textile maker’s stock worth $1,864,633,000 after buying an additional 4,129,477 shares during the last quarter. Parnassus Investments CA boosted its stake in V.F. Corporation by 25.5% in the first quarter. Parnassus Investments CA now owns 13,480,236 shares of the textile maker’s stock worth $724,090,000 after buying an additional 2,740,485 shares during the last quarter. Victory Capital Management Inc. boosted its stake in V.F. Corporation by 12,957.2% in the first quarter. Victory Capital Management Inc. now owns 2,675,683 shares of the textile maker’s stock worth $147,083,000 after buying an additional 2,655,191 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in V.F. Corporation by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 5,808,796 shares of the textile maker’s stock worth $319,309,000 after buying an additional 1,017,375 shares during the last quarter.

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.