VF Corp. Price Target Increased to $235.00 by Analysts at Stifel Nicolaus (VFC)
Stock analysts at Stifel Nicolaus increased their target price on shares of VF Corp. (NYSE:VFC) from $207.00 to $235.00 in a report issued on Friday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 16.40% from the company’s current price.
The analysts wrote, “V.F. Corporation is scheduled to report 3Q13 results before market open on Monday, October 21, 2013. We expect a solid quarter relative to expectations helped by a rebound in Europe (aided by a strengthening euro), and Jeanswear coalition fundamentals . Despite a tepid back to school environment and cautious retailer ordering, we remain comfortable with our in-line revenue and EPS estimates of $3,339mn and $3.76 (in-line with consensus of: $3,339mn and $3.76). Of note, as per typical with the 3Q earnings release, we expect an increase to the dividend to close the gap with the targeted payout ratio of 40%.”
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of VF Corp. from $195.00 to $224.00 in a research note to investors on Monday, September 16th. They now have an “overweight” rating on the stock. Separately, analysts at Ned Davis Research upgraded shares of VF Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, August 19th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of VF Corp. in a research note to investors on Thursday, July 25th. They now have a $207.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. VF Corp. currently has an average rating of “Buy” and a consensus price target of $209.38.
Shares of VF Corp. (NYSE:VFC) opened at 201.89 on Friday. VF Corp. has a 1-year low of $142.79 and a 1-year high of $204.94. The stock has a 50-day moving average of $195.7 and a 200-day moving average of $188.9. The company has a market cap of $22.192 billion and a price-to-earnings ratio of 20.08.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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