Argus Upgrades VF (NYSE:VFC) to Buy

VF (NYSE:VFC) was upgraded by stock analysts at Argus from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

A number of other research firms have also recently commented on VFC. The Goldman Sachs Group assumed coverage on VF in a research note on Friday, October 11th. They issued a “neutral” rating and a $20.00 target price on the stock. Stifel Nicolaus upped their price target on shares of VF from $21.00 to $25.00 and gave the company a “buy” rating in a report on Monday, October 14th. Barclays boosted their target price on VF from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. StockNews.com upgraded shares of VF from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Finally, Guggenheim raised their price objective on shares of VF from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $18.78.

VF Trading Up 2.7 %

NYSE:VFC opened at $21.65 on Tuesday. The stock’s fifty day moving average price is $20.08 and its two-hundred day moving average price is $17.57. The company has a market cap of $8.43 billion, a P/E ratio of -12.51, a P/E/G ratio of 8.19 and a beta of 1.49. 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 $23.09.

VF (NYSE:VFC) last posted its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.19. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the prior year, the company posted $0.63 EPS. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, analysts expect that VF will post 0.48 EPS for the current year.

Institutional Investors Weigh In On VF

Institutional investors have recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in VF in the 3rd quarter worth about $40,000. Abich Financial Wealth Management LLC purchased a new position in shares of VF in the 2nd quarter worth $60,000. Banque Cantonale Vaudoise grew its holdings in shares of VF by 113.3% in the second quarter. Banque Cantonale Vaudoise now owns 6,860 shares of the textile maker’s stock worth $93,000 after acquiring an additional 3,644 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in VF during the second quarter valued at $103,000. Finally, Summit Financial LLC bought a new position in VF in the second quarter valued at about $137,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

About VF

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.