VF Corp. PT Raised to $190.00 at Susquehanna (VFC)
Susquehanna increased their price objective on shares of VF Corp. (NYSE:VFC) from $185.00 to $190.00 in a research note issued on Wednesday, American Banking News reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s price target points to a potential downside of 10.56% from the company’s current price.
VF Corp. (NYSE:VFC) traded up 0.47% during mid-day trading on Wednesday, hitting $212.44. 418,996 shares of the company’s stock traded hands. VF Corp. has a 1-year low of $142.79 and a 1-year 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 $23.351 billion and a price-to-earnings ratio of 21.03.
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 in the prior year, the company posted $3.52 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts expect that VF Corp. will post $10.95 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 20th. Investors 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 1.98%. The ex-dividend date of this dividend is Friday, December 6th. This is an increase from VF Corp.’s previous quarterly dividend of $0.87.
A number of other analysts have also recently weighed in on VFC. Analysts at JPMorgan Chase & Co. reiterated a “buy” rating on shares of VF Corp. in a research note to investors on Tuesday. They now have a $224.00 price target on the stock. Separately, 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. Finally, 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. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $216.88.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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