Pivotal Research Boosts V.F. Corporation (VFC) Price Target to $81.00
V.F. Corporation (NYSE:VFC) had its price target upped by analysts at Pivotal Research from $75.00 to $81.00 in a note issued to investors on Tuesday, Marketbeat reports. The firm presently has a “buy” rating on the textile maker’s stock. Pivotal Research’s price objective indicates a potential upside of 15.80% from the stock’s current price.
The analysts wrote, “We’re still bullish on VFC’s 4Q setup, as channel inventory remains lean, and we’re especially bullish on the company’s longer-term digital prospects, with this being its highest-margin format.””
A number of other analysts have also recently weighed in on VFC. UBS AG reiterated a “buy” rating and set a $77.00 price target (up from $66.00) on shares of V.F. Corporation in a research report on Tuesday. Forward View reiterated a “hold” rating on shares of V.F. Corporation in a research report on Tuesday, August 15th. Piper Jaffray Companies increased their price target on V.F. Corporation to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $75.00 price target (up from $70.00) on shares of V.F. Corporation in a research report on Tuesday, August 15th. Finally, Buckingham Research increased their price target on V.F. Corporation from $55.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $63.62.
V.F. Corporation (NYSE:VFC) traded up 0.64% on Tuesday, reaching $70.40. The company had a trading volume of 993,522 shares. V.F. Corporation has a 12 month low of $48.05 and a 12 month high of $71.95. The firm has a market capitalization of $27.71 billion, a PE ratio of 26.86 and a beta of 0.77. The stock has a 50 day moving average of $63.78 and a 200 day moving average of $58.96.
V.F. Corporation (NYSE:VFC) last announced its quarterly earnings results on Monday, October 23rd. The textile maker reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. The business had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.40 billion. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 EPS. On average, analysts anticipate that V.F. Corporation will post $2.98 EPS for the current year.
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In other V.F. Corporation 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 directly owns 552,426 shares of the company’s stock, valued at approximately $34,885,701.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Aidan O’meara sold 29,336 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of $62.54, for a total value of $1,834,673.44. Following the transaction, the vice president now directly owns 120,680 shares of the company’s stock, valued at $7,547,327.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 453,152 shares of company stock valued at $28,649,326. 1.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. OppenheimerFunds Inc. boosted its stake in shares of V.F. Corporation by 8.2% during the 1st quarter. OppenheimerFunds Inc. now owns 28,301 shares of the textile maker’s stock worth $1,556,000 after acquiring an additional 2,136 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of V.F. Corporation by 5.3% during the 1st quarter. Teachers Advisors LLC now owns 448,320 shares of the textile maker’s stock worth $24,644,000 after acquiring an additional 22,545 shares in the last quarter. Financial Counselors Inc. boosted its stake in shares of V.F. Corporation by 50.3% during the 1st quarter. Financial Counselors Inc. now owns 58,019 shares of the textile maker’s stock worth $3,189,000 after acquiring an additional 19,418 shares in the last quarter. Cleararc Capital Inc. boosted its stake in shares of V.F. Corporation by 0.7% during the 1st quarter. Cleararc Capital Inc. now owns 8,096 shares of the textile maker’s stock worth $445,000 after acquiring an additional 53 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in shares of V.F. Corporation by 0.7% during the 1st quarter. Thrivent Financial For Lutherans now owns 106,993 shares of the textile maker’s stock worth $5,881,000 after acquiring an additional 750 shares in the last quarter.
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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