Janney Montgomery Scott Increases VF Corp. Price Target to $228.00 (VFC)
Janney Montgomery Scott upped their price target on shares of VF Corp. (NYSE:VFC) from $215.00 to $228.00 in a research note issued on Tuesday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Janney Montgomery Scott’s price objective points to a potential upside of 7.83% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at DA Davidson raised their price target on shares of VF Corp. from $223.00 to $245.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of VF Corp. from $207.00 to $235.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, 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. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $215.00.
VF Corp. (NYSE:VFC) traded up 0.10% during mid-day trading on Tuesday, hitting $211.44. The stock had a trading volume of 798,295 shares. VF Corp. has a 52 week low of $142.79 and a 52 week high of $202.35. The stock has a 50-day moving average of $194.1 and a 200-day moving average of $183.2. The company has a market cap of $23.241 billion and a price-to-earnings ratio of 21.01.
VF Corp. (NYSE:VFC) last posted its quarterly earnings results on Monday, October 21st. The company reported $3.91 earnings per share for the quarter, beating the analysts’ consensus estimate of $3.78 by $0.13. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter last year, the company posted $3.52 earnings per share. VF Corp.’s revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that VF Corp. will post $10.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 20th. Investors of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Friday, December 6th. This is an increase from VF Corp.’s previous quarterly dividend of $0.87.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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