V.F. (NYSE:VFC) Price Target Raised to $21.00 at Needham & Company LLC

V.F. (NYSE:VFC) had its target price hoisted by Needham & Company LLC from $19.00 to $21.00 in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the textile maker’s stock. Needham & Company LLC’s target price indicates a potential upside of 13.36% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of V.F. from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of V.F. in a research note on Monday. Robert W. Baird set a $25.00 target price on V.F. in a research report on Wednesday. Guggenheim initiated coverage on V.F. in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. Finally, Barclays reduced their price objective on shares of V.F. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, V.F. has a consensus rating of “Hold” and a consensus target price of $16.03.

V.F. Stock Performance

Shares of NYSE VFC opened at $18.53 on Thursday. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 2.40. The company has a market capitalization of $7.24 billion, a P/E ratio of 84.21, a P/E/G ratio of 1.91 and a beta of 1.67. V.F. has a 12 month low of $9.41 and a 12 month high of $29.02. The stock has a 50 day moving average of $16.01 and a 200-day moving average of $14.21.

V.F. (NYSE:VFC) last released its quarterly earnings data on Tuesday, October 28th. The textile maker reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. V.F. had a net margin of 0.95% and a return on equity of 20.34%. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities research analysts predict that V.F. will post 0.73 EPS for the current year.

Institutional Trading of V.F.

Several hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its position in shares of V.F. by 11.1% in the first quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker’s stock worth $4,306,000 after buying an additional 27,727 shares in the last quarter. Fiduciary Alliance LLC increased its position in shares of V.F. by 61.1% in the second quarter. Fiduciary Alliance LLC now owns 481,091 shares of the textile maker’s stock valued at $5,653,000 after acquiring an additional 182,495 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of V.F. by 94.8% during the second quarter. Farther Finance Advisors LLC now owns 4,975 shares of the textile maker’s stock valued at $58,000 after acquiring an additional 2,421 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in V.F. by 158.8% in the second quarter. Arkadios Wealth Advisors now owns 56,904 shares of the textile maker’s stock worth $669,000 after buying an additional 34,915 shares during the period. Finally, SG Americas Securities LLC grew its stake in V.F. by 134.8% in the second quarter. SG Americas Securities LLC now owns 52,953 shares of the textile maker’s stock worth $622,000 after purchasing an additional 30,405 shares during the period. 86.84% of the stock is currently owned by institutional investors.

V.F. Company Profile

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.