Robert W. Baird Reaffirms “Buy” Rating for V.F. Corporation (VFC)

V.F. Corporation (NYSE:VFC)‘s stock had its “buy” rating restated by research analysts at Robert W. Baird in a research note issued to investors on Tuesday, October 17th.

Several other analysts have also commented on VFC. Forward View reissued a “hold” rating on shares of V.F. Corporation in a research report on Tuesday, August 15th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $75.00 price target (up previously from $70.00) on shares of V.F. Corporation in a report on Tuesday, August 15th. Piper Jaffray Companies set a $58.00 price objective on shares of V.F. Corporation and gave the stock a “hold” rating in a research note on Monday, August 14th. Stifel Nicolaus restated a “hold” rating and issued a $60.00 price objective (up previously from $57.00) on shares of V.F. Corporation in a report on Monday, August 14th. Finally, Buckingham Research lifted their price target on V.F. Corporation from $55.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $65.45.

V.F. Corporation (NYSE VFC) traded down $0.26 during trading on Tuesday, hitting $69.21. The stock had a trading volume of 849,436 shares, compared to its average volume of 2,510,000. V.F. Corporation has a twelve month low of $48.05 and a twelve month high of $71.95. The company has a market capitalization of $27,410.00, a price-to-earnings ratio of 22.85, a PEG ratio of 2.35 and a beta of 0.80. The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.54.

V.F. Corporation (NYSE:VFC) last released its quarterly earnings results on Monday, October 23rd. The textile maker reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.11. The business had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.40 billion. V.F. Corporation had a net margin of 8.24% and a return on equity of 29.22%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.20 earnings per share. analysts predict that V.F. Corporation will post 3.03 earnings per share for the current year.

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In other news, VP Aidan O’meara sold 29,336 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $62.54, for a total value of $1,834,673.44. Following the completion of the sale, the vice president now owns 120,680 shares of the company’s stock, valued at $7,547,327.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Steven E. Rendle sold 65,604 shares of V.F. Corporation stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $70.57, for a total value of $4,629,674.28. Following the sale, the chief executive officer now directly owns 162,235 shares of the company’s stock, valued at approximately $11,448,923.95. The disclosure for this sale can be found here. Insiders have sold a total of 551,744 shares of company stock worth $35,605,258 in the last ninety days. 1.60% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Keel Point LLC grew its stake in shares of V.F. Corporation by 0.4% in the 1st quarter. Keel Point LLC now owns 4,383 shares of the textile maker’s stock valued at $241,000 after purchasing an additional 19 shares during the period. Zions Bancorporation lifted its holdings in V.F. Corporation by 1.5% during the 1st quarter. Zions Bancorporation now owns 2,575 shares of the textile maker’s stock worth $140,000 after buying an additional 38 shares in the last quarter. Kopp Investment Advisors LLC lifted its holdings in V.F. Corporation by 0.4% during the 2nd quarter. Kopp Investment Advisors LLC now owns 11,558 shares of the textile maker’s stock worth $666,000 after buying an additional 49 shares in the last quarter. Cleararc Capital Inc. lifted its holdings in V.F. Corporation by 0.7% during the 1st quarter. Cleararc Capital Inc. now owns 8,096 shares of the textile maker’s stock worth $445,000 after buying an additional 53 shares in the last quarter. Finally, RNC Capital Management LLC lifted its holdings in V.F. Corporation by 1.5% during the 2nd quarter. RNC Capital Management LLC now owns 4,135 shares of the textile maker’s stock worth $238,000 after buying an additional 60 shares in the last quarter.

V.F. Corporation Company Profile

V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.

Analyst Recommendations for V.F. Corporation (NYSE:VFC)

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