V.F. Corporation (VFC) PT Set at $81.00 by Canaccord Genuity
V.F. Corporation (NYSE:VFC) has been given a $81.00 price target by investment analysts at Canaccord Genuity in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the textile maker’s stock. Canaccord Genuity’s price target would indicate a potential upside of 15.80% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Piper Jaffray Companies set a $58.00 price target on V.F. Corporation and gave the company a “hold” rating in a research report on Monday, August 14th. Forward View raised V.F. Corporation from a “sell” rating to a “hold” rating and set a $65.00 price target for the company in a research report on Friday, July 28th. Buckingham Research increased their price target on V.F. Corporation from $55.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, August 15th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $75.00 price target (up from $70.00) on shares of V.F. Corporation in a research report on Tuesday, August 15th. Finally, Cowen and Company reissued a “hold” rating on shares of V.F. Corporation in a research report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $62.80.
V.F. Corporation (NYSE:VFC) traded up 0.20% during mid-day trading on Thursday, hitting $70.09. 725,491 shares of the stock were exchanged. The company has a market capitalization of $27.59 billion, a PE ratio of 26.74 and a beta of 0.77. V.F. Corporation has a 1-year low of $48.05 and a 1-year high of $71.95. The stock has a 50 day moving average price of $63.78 and a 200 day moving average price of $58.96.
V.F. Corporation (NYSE:VFC) last issued its earnings results on Monday, October 23rd. The textile maker reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. The company had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same period last year, the business earned $1.20 EPS. V.F. Corporation’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts anticipate that V.F. Corporation will post $2.98 earnings per share for the current fiscal year.
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In other news, Chairman Eric C. Wiseman sold 290,021 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $63.15, for a total transaction of $18,314,826.15. Following the completion of the transaction, the chairman now owns 552,426 shares in the company, valued at approximately $34,885,701.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 owns 36,353 shares of the company’s stock, valued at approximately $2,288,057.82. The disclosure for this sale can be found here. Insiders have sold a total of 453,152 shares of company stock valued at $28,649,326 in the last quarter. 1.60% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of VFC. Orrstown Financial Services Inc. grew its stake in shares of V.F. Corporation by 9.2% during the 2nd quarter. Orrstown Financial Services Inc. now owns 1,780 shares of the textile maker’s stock worth $103,000 after acquiring an additional 150 shares during the period. Zions Bancorporation boosted its stake in 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 during the period. NINE MASTS CAPITAL Ltd bought a new position in V.F. Corporation in the 1st quarter worth about $148,000. Pathstone Family Office LLC bought a new position in V.F. Corporation in the 1st quarter worth about $187,000. Finally, Weatherstone Capital Management bought a new position in V.F. Corporation in the 1st quarter worth about $203,000.
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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