VF Corp. PT Raised to $225.00 at Wedbush (VFC)
Wedbush upped their target price on shares of VF Corp. (NYSE:VFC) from $210.00 to $225.00 in a research note issued on Wednesday, Analyst Ratings Net reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price objective suggests a potential upside of 5.91% from the stock’s previous close.
VF Corp. (NYSE:VFC) traded up 0.47% on Wednesday, hitting $212.44. 418,996 shares of the company’s stock traded hands. 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 $23.351 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 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $3.52 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. 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. Stockholders 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 a boost from VF Corp.’s previous quarterly dividend of $0.87.
Other equities research analysts have also recently issued reports about the stock. Analysts at Susquehanna raised their price target on shares of VF Corp. from $185.00 to $190.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $216.88.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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