VF Corp. Rating Reiterated by JPMorgan Chase & Co. (VFC)
VF Corp. (NYSE:VFC)‘s stock had its “buy” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday, StockRatingsNetwork reports. They currently have a $224.00 price objective on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 5.94% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG raised their price target on shares of VF Corp. from $212.00 to $235.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Janney Montgomery Scott raised their price target on shares of VF Corp. from $215.00 to $228.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, 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. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $215.00.
VF Corp. (NYSE:VFC) traded up 0.10% 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 P/E ratio of 21.01.
VF Corp. (NYSE:VFC) last posted its quarterly earnings results on Monday, October 21st. The company reported $3.91 EPS for the quarter, beating the Thomson Reuters 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.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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