VF Corp Receives Outperform Rating from Macquarie (VFC)
VF Corp (NYSE:VFC)‘s stock had its “outperform” rating reiterated by equities researchers at Macquarie in a research report issued on Thursday. They currently have a $74.00 price objective on the stock, up from their previous price objective of $71.00. Macquarie’s target price suggests a potential upside of 14.71% from the company’s current price.
A number of other analysts have also recently weighed in on VFC. Analysts at Zacks reiterated a “neutral” rating on shares of VF Corp in a research note on Friday, August 1st. They now have a $64.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of VF Corp in a research note on Wednesday, July 23rd. They now have a $62.00 price target on the stock, up previously from $61.00. Finally, analysts at Telsey Advisory Group reiterated a “” rating on shares of VF Corp in a research note on Monday, July 21st. They now have a $69.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $88.32.
Shares of VF Corp (NYSE:VFC) traded up 1.47% during mid-day trading on Thursday, hitting $65.46. 671,298 shares of the company’s stock traded hands. VF Corp has a 52-week low of $47.33 and a 52-week high of $64.87. The stock’s 50-day moving average is $62.40 and its 200-day moving average is $61.6. The company has a market cap of $28.220 billion and a P/E ratio of 22.75.
VF Corp (NYSE:VFC) last issued its quarterly earnings data on Friday, July 18th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.01. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts predict that VF Corp will post $3.10 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders of record on Tuesday, September 9th will be paid a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, September 5th.
In other VF Corp news, VP Scott H. Baxter sold 82,368 shares of VF Corp stock on the open market in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $64.65, for a total value of $5,325,091.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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