VF (NYSE:VFC) Coverage Initiated by Analysts at Needham & Company LLC

Analysts at Needham & Company LLC started coverage on shares of VF (NYSE:VFC) in a research note issued on Wednesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $28.00 price target on the textile maker’s stock. Needham & Company LLC’s price target would indicate a potential upside of 14.97% from the stock’s previous close.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. raised their price objective on VF from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Telsey Advisory Group reiterated a “market perform” rating and set a $21.00 price objective on shares of VF in a research report on Wednesday, January 29th. Citigroup lifted their target price on VF from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Jefferies Financial Group lifted their target price on VF from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Finally, StockNews.com upgraded VF from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.75.

VF Stock Up 2.9 %

VF stock opened at $24.36 on Wednesday. The firm has a market cap of $9.49 billion, a price-to-earnings ratio of -20.47, a price-to-earnings-growth ratio of 6.57 and a beta of 1.46. VF has a 52 week low of $11.00 and a 52 week high of $29.02. The business’s 50-day moving average price is $22.89 and its 200 day moving average price is $20.21. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31.

VF (NYSE:VFC) last posted its earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same quarter last year, the business earned $0.57 EPS. As a group, sell-side analysts anticipate that VF will post 0.7 earnings per share for the current year.

Institutional Trading of VF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CKW Financial Group raised its stake in VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in VF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after purchasing an additional 3,008 shares during the period. Sanctuary Advisors LLC acquired a new position in VF during the 2nd quarter worth approximately $241,000. Arkadios Wealth Advisors increased its position in VF by 5.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after purchasing an additional 1,217 shares during the period. Finally, Hanseatic Management Services Inc. acquired a new position in VF during the 3rd quarter worth approximately $640,000. 86.84% of the stock is owned by hedge funds and other 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.