V.F. Corp. (NYSE:VFC)‘s stock had its “buy” rating reissued by investment analysts at Buckingham Research in a research report issued on Tuesday. They currently have a $70.00 target price on the stock. Buckingham Research’s target price indicates a potential upside of 12.89% from the company’s current price.
Other hedge funds have made changes to their positions in the company. Zions Bancorporation increased its stake in shares of V.F. Corp. by 8.0% in the first quarter. Zions Bancorporation now owns 2,475 shares of the company’s stock valued at $156,000 after buying an additional 183 shares during the period. Oakworth Capital Inc. raised its position in V.F. Corp. by 108.3% in the second quarter. Oakworth Capital Inc. now owns 2,674 shares of the company’s stock worth $167,000 after buying an additional 1,390 shares in the last quarter. Dubuque Bank & Trust Co. raised its position in V.F. Corp. by 42.4% in the first quarter. Dubuque Bank & Trust Co. now owns 2,732 shares of the company’s stock worth $177,000 after buying an additional 814 shares in the last quarter. CLS Investments LLC purchased a new position in V.F. Corp. during the first quarter worth $199,000. Finally, Stone Ridge Asset Management LLC purchased a new position in V.F. Corp. during the first quarter worth $207,000.
V.F. Corp. (NYSE:VFC) traded down 0.82% during trading on Tuesday, reaching $62.01. The company had a trading volume of 1,826,000 shares. The firm has a market capitalization of $25.80 billion and a P/E ratio of 24.53. The stock has a 50 day moving average price of $62.87 and a 200 day moving average price of $62.47. V.F. Corp. has a 52 week low of $52.21 and a 52 week high of $77.40.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 19th. Shareholders of record on Friday, September 9th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Wednesday, September 7th.
Several other equities research analysts have also recently issued reports on VFC. Brean Capital reaffirmed a “buy” rating and set a $66.00 price objective on shares of V.F. Corp. in a research report on Monday, May 2nd. Morgan Stanley reiterated an “underperform” rating and set a $52.50 price target on shares of V.F. Corp. in a research note on Wednesday, June 1st. B. Riley reiterated a “neutral” rating and set a $63.00 price target on shares of V.F. Corp. in a research note on Tuesday, April 26th. Piper Jaffray Cos. reiterated a “buy” rating on shares of V.F. Corp. in a research note on Saturday, April 30th. Finally, Zacks Investment Research lowered shares of V.F. Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $70.87.
V.F. Corporation (VF) is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. The Company owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories.
