Barclays Issues Positive Forecast for VF (NYSE:VFC) Stock Price

VF (NYSE:VFC) had its price target raised by investment analysts at Barclays from $25.00 to $29.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the textile maker’s stock. Barclays‘s price objective would suggest a potential upside of 23.57% from the stock’s previous close.

Several other equities analysts have also issued reports on VFC. Guggenheim raised their price target on VF from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group started coverage on shares of 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 increased their price target 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. Truist Financial initiated coverage on shares of VF in a report on Thursday, December 5th. They issued a “hold” rating and a $20.00 price target on the stock. Finally, TD Cowen upped their price objective on shares of VF from $16.00 to $19.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.63.

VF Price Performance

Shares of VFC stock traded up $0.47 during trading hours on Thursday, hitting $23.47. 1,731,009 shares of the company’s stock were exchanged, compared to its average volume of 5,147,476. VF has a 12-month low of $11.00 and a 12-month high of $23.87. The company has a market capitalization of $9.14 billion, a PE ratio of -13.56, a PEG ratio of 8.84 and a beta of 1.45. The business’s 50 day simple moving average is $21.09 and its 200-day simple moving average is $18.78. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86.

VF (NYSE:VFC) last posted its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share 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 during the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities research analysts anticipate that VF will post 0.48 earnings per share for the current year.

Institutional Investors Weigh In On VF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. boosted its position in shares of VF by 28.0% in the 2nd quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock worth $159,609,000 after purchasing an additional 2,589,852 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in VF by 1,365.2% in the second quarter. Public Sector Pension Investment Board now owns 727,148 shares of the textile maker’s stock worth $9,816,000 after acquiring an additional 677,519 shares in the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of VF by 28.3% in the second quarter. Deprince Race & Zollo Inc. now owns 3,057,884 shares of the textile maker’s stock worth $41,281,000 after acquiring an additional 673,979 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of VF by 3,350.1% during the second quarter. Thrivent Financial for Lutherans now owns 486,082 shares of the textile maker’s stock valued at $6,562,000 after acquiring an additional 471,993 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of VF by 127.6% in the 2nd quarter. Bank of Montreal Can now owns 62,046 shares of the textile maker’s stock worth $878,000 after purchasing an additional 286,878 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

About VF

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.