VF Corp. Price Target Raised to $245.00 at DA Davidson (VFC)
Analysts at DA Davidson raised their price objective on shares of VF Corp. (NYSE:VFC) from $223.00 to $245.00 in a research report issued to clients and investors on Tuesday, Analyst RN reports. The firm currently has a “buy” rating on the stock. DA Davidson’s target price would indicate a potential upside of 15.87% from the company’s current price.
VF Corp. (NYSE:VFC) traded up 0.10% on Tuesday, hitting $211.44. 798,295 shares of the company’s stock traded hands. VF Corp. has a one year low of $142.79 and a one year high of $202.35. The stock’s 50-day moving average is $194.1 and its 200-day moving average is $183.2. The company has a market cap of $23.241 billion and a P/E ratio of 21.01.
VF Corp. (NYSE:VFC) last released its earnings data 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 declared a quarterly dividend, which is scheduled for Friday, December 20th. Shareholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Friday, December 6th. This is a positive change from VF Corp.’s previous quarterly dividend of $0.87.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $215.00.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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