VF (NYSE:VFC) Earns “Hold” Rating from Truist Financial

VF (NYSE:VFC)‘s stock had its “hold” rating reaffirmed by equities researchers at Truist Financial in a note issued to investors on Thursday,Benzinga reports. They currently have a $24.00 price objective on the textile maker’s stock, up from their prior price objective of $20.00. Truist Financial’s price target points to a potential downside of 8.37% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company lowered shares of VF from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $16.00 to $15.00 in a report on Monday, October 14th. StockNews.com upgraded shares of VF from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. Citigroup lifted their price target on shares of VF from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Jefferies Financial Group lifted their price target on shares of VF from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, Stifel Nicolaus lifted their price target on shares of VF from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.32.

VF Trading Up 2.5 %

VFC stock traded up $0.63 during midday trading on Thursday, reaching $26.19. The company’s stock had a trading volume of 2,109,349 shares, compared to its average volume of 6,503,477. VF has a 52 week low of $11.00 and a 52 week high of $29.02. The stock has a market cap of $10.20 billion, a PE ratio of -15.14, a price-to-earnings-growth ratio of 9.74 and a beta of 1.45. 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 business’s 50-day simple moving average is $22.12 and its 200-day simple moving average is $19.65.

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 the consensus estimate of $0.34 by $0.28. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. During the same period last year, the firm earned $0.57 EPS. As a group, sell-side analysts expect that VF will post 0.48 EPS for the current year.

Institutional Investors Weigh In On VF

A number of institutional investors have recently modified their holdings of the company. CKW Financial Group boosted its stake in VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after acquiring an additional 500 shares in the last quarter. TB Alternative Assets Ltd. acquired a new position in VF during the fourth quarter worth $1,878,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in VF by 100.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after buying an additional 3,008 shares during the last quarter. Fiduciary Alliance LLC raised its holdings in VF by 6.8% during the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after buying an additional 16,431 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in VF by 1.8% during the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after buying an additional 65,919 shares during the last quarter. 86.84% of the stock is owned by institutional investors.

VF 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.