V.F. Corporation (NYSE:VFC) Rating Increased to Positive at Susquehanna Bancshares Inc

V.F. Corporation (NYSE:VFC) was upgraded by equities research analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating in a report issued on Friday, July 28th, MarketBeat Ratings reports. The brokerage currently has a $70.00 price objective on the textile maker’s stock, up from their prior price objective of $53.00. Susquehanna Bancshares Inc’s target price would suggest a potential upside of 11.80% from the stock’s current price.

A number of other equities analysts have also recently weighed in on VFC. B. Riley reaffirmed a “neutral” rating and set a $53.00 price target on shares of V.F. Corporation in a research note on Monday, April 3rd. UBS AG raised shares of V.F. Corporation from a “neutral” rating to a “positive” rating in a research note on Friday, July 28th. Canaccord Genuity set a $53.00 price objective on shares of V.F. Corporation and gave the stock a “hold” rating in a research report on Saturday, April 1st. TheStreet upgraded shares of V.F. Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, July 13th. Finally, Macquarie reiterated an “outperform” rating and issued a $70.00 price objective (up from $69.00) on shares of V.F. Corporation in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $58.50.

V.F. Corporation (NYSE:VFC) traded down 0.52% during trading on Friday, reaching $62.61. 3,491,281 shares of the company’s stock traded hands. V.F. Corporation has a one year low of $48.05 and a one year high of $65.20. The firm’s 50 day moving average price is $58.04 and its 200-day moving average price is $54.54. The stock has a market cap of $24.86 billion, a P/E ratio of 23.89 and a beta of 0.78.

V.F. Corporation (NYSE:VFC) last posted its quarterly earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. V.F. Corporation had a net margin of 9.23% and a return on equity of 27.44%. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities analysts anticipate that V.F. Corporation will post $2.96 earnings per share for the current fiscal year.

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Hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd increased its stake in shares of V.F. Corporation by 600.0% in the fourth quarter. Quadrature Capital Ltd now owns 94,013 shares of the textile maker’s stock valued at $5,015,000 after buying an additional 80,583 shares during the period. Teachers Advisors LLC increased its stake in shares of V.F. Corporation by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 425,775 shares of the textile maker’s stock valued at $22,715,000 after buying an additional 18,894 shares during the period. Kentucky Retirement Systems purchased a new stake in shares of V.F. Corporation during the fourth quarter valued at about $1,281,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of V.F. Corporation during the fourth quarter valued at about $572,000. Finally, Macquarie Group Ltd. increased its stake in shares of V.F. Corporation by 43.4% in the fourth quarter. Macquarie Group Ltd. now owns 98,450 shares of the textile maker’s stock valued at $5,253,000 after buying an additional 29,796 shares during the period.

About V.F. Corporation

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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