V.F. Corporation (VFC) Earns Buy Rating from Analysts at Pivotal Research
Stock analysts at Pivotal Research assumed coverage on shares of V.F. Corporation (NYSE:VFC) in a research note issued on Thursday, Marketbeat reports. The firm set a “buy” rating and a $75.00 price target on the textile maker’s stock. Pivotal Research’s price target indicates a potential upside of 15.87% from the stock’s current price.
A number of other research firms also recently weighed in on VFC. Macquarie reissued an “outperform” rating and set a $70.00 target price (up previously from $69.00) on shares of V.F. Corporation in a research report on Tuesday, July 25th. UBS AG raised shares of V.F. Corporation from a “neutral” rating to a “positive” rating in a research report on Friday, July 28th. Canaccord Genuity set a $58.00 target price on shares of V.F. Corporation and gave the company a “hold” rating in a research report on Wednesday, July 26th. TheStreet raised shares of V.F. Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, July 13th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $60.00 target price on shares of V.F. Corporation in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $61.45.
Shares of V.F. Corporation (NYSE:VFC) traded down 0.28% during midday trading on Thursday, hitting $64.73. 1,792,538 shares of the stock traded hands. The company has a market capitalization of $25.48 billion, a price-to-earnings ratio of 24.70 and a beta of 0.77. V.F. Corporation has a 52 week low of $48.05 and a 52 week high of $65.30. The firm’s 50-day moving average is $63.00 and its 200 day moving average is $57.91.
V.F. Corporation (NYSE:VFC) last issued its quarterly earnings data on Monday, July 24th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.31 billion. V.F. Corporation had a net margin of 9.23% and a return on equity of 27.44%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business earned $0.35 EPS. Equities analysts forecast that V.F. Corporation will post $2.98 earnings per share for the current year.
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In related news, Director W Alan Mccollough sold 22,852 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $62.94, for a total value of $1,438,304.88. Following the transaction, the director now directly owns 36,353 shares in the company, valued at approximately $2,288,057.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Aidan O’meara sold 29,336 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $62.54, for a total value of $1,834,673.44. Following the completion of the transaction, the vice president now owns 120,680 shares in the company, valued at $7,547,327.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 453,152 shares of company stock worth $28,649,326. 1.60% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Orrstown Financial Services Inc. lifted its holdings in shares of V.F. Corporation by 9.2% in the 2nd quarter. Orrstown Financial Services Inc. now owns 1,780 shares of the textile maker’s stock worth $103,000 after purchasing an additional 150 shares in the last quarter. WFG Advisors LP lifted its holdings in shares of V.F. Corporation by 7.4% in the 1st quarter. WFG Advisors LP now owns 2,480 shares of the textile maker’s stock worth $136,000 after purchasing an additional 170 shares in the last quarter. Zions Bancorporation lifted its holdings in shares of V.F. Corporation by 1.5% in the 1st quarter. Zions Bancorporation now owns 2,575 shares of the textile maker’s stock worth $140,000 after purchasing an additional 38 shares in the last quarter. NINE MASTS CAPITAL Ltd bought a new position in shares of V.F. Corporation in the 1st quarter worth $148,000. Finally, Pathstone Family Office LLC bought a new position in shares of V.F. Corporation in the 1st quarter worth $187,000.
V.F. Corporation Company Profile
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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