VF (NYSE:VFC) Price Target Raised to $21.00 at Wells Fargo & Company

VF (NYSE:VFC) had its price objective upped by Wells Fargo & Company from $17.00 to $21.00 in a research report report published on Thursday,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the textile maker’s stock.

Other analysts also recently issued research reports about the stock. Citigroup lifted their target price on shares of VF from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. OTR Global upgraded VF from a “mixed” rating to a “positive” rating in a report on Friday, January 10th. The Goldman Sachs Group increased their target price on VF from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday. Guggenheim boosted their price target on VF from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group increased their price objective on VF from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, VF has a consensus rating of “Hold” and a consensus target price of $22.47.

VF Stock Up 5.2 %

Shares of VFC stock opened at $26.88 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 2.86. The firm’s 50-day moving average is $22.12 and its 200-day moving average is $19.65. VF has a 52-week low of $11.00 and a 52-week high of $29.02.

VF (NYSE:VFC) last posted its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.28. VF had a positive return on equity of 15.35% and a negative net margin of 4.63%. During the same quarter last year, the firm posted $0.57 EPS. As a group, equities research analysts forecast that VF will post 0.48 EPS for the current fiscal year.

VF Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.34%. VF’s payout ratio is -30.25%.

Institutional Trading of VF

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can lifted its holdings in shares of VF by 127.6% in the second quarter. Bank of Montreal Can now owns 62,046 shares of the textile maker’s stock worth $878,000 after acquiring an additional 286,878 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in VF by 90.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock valued at $2,737,000 after buying an additional 96,442 shares in the last quarter. TB Alternative Assets Ltd. bought a new stake in shares of VF during the fourth quarter worth $1,878,000. Segall Bryant & Hamill LLC lifted its stake in shares of VF by 1.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock valued at $73,084,000 after acquiring an additional 65,919 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of VF by 26.7% during the 2nd quarter. Sei Investments Co. now owns 207,120 shares of the textile maker’s stock valued at $2,796,000 after acquiring an additional 43,697 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors.

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.