VF Corp Price Target Increased to $69.00 by Analysts at Telsey Advisory Group (VFC)
Analysts at Telsey Advisory Group increased their target price on shares of VF Corp (NYSE:VFC) from $65.00 to $69.00 in a research report issued to clients and investors on Tuesday, American Banking News.com reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price indicates a potential upside of 12.56% from the company’s current price.
Shares of VF Corp (NYSE:VFC) traded up 0.79% on Tuesday, hitting $61.30. 1,525,920 shares of the company’s stock traded hands. VF Corp has a 52 week low of $43.5025 and a 52 week high of $63.45. The stock’s 50-day moving average is $60.74 and its 200-day moving average is $58.49. The company has a market cap of $26.996 billion and a P/E ratio of 22.44.
VF Corp (NYSE:VFC) last announced its earnings data on Friday, April 25th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.37. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts predict that VF Corp will post $3.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 20th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Friday, June 6th.
VFC has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of VF Corp in a research note on Monday. They now have a $71.00 price target on the stock. Separately, analysts at Cowen and Company raised their price target on shares of VF Corp from $61.00 to $63.00 in a research note on Monday. They now have a “market perform” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of VF Corp from $64.00 to $68.00 in a research note on Monday. They now have an “outperform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. VF Corp presently has an average rating of “Buy” and an average price target of $108.35.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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