V.F. Corporation (NYSE:VFC) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b-” rating in a report issued on Thursday.
Other equities analysts have also issued research reports about the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $56.00 price target on shares of V.F. Corporation in a research note on Sunday, April 23rd. Canaccord Genuity set a $53.00 price objective on V.F. Corporation and gave the company a “hold” rating in a report on Monday. Cowen and Company boosted their price objective on V.F. Corporation from $52.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, April 4th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $49.00 price objective (down previously from $52.00) on shares of V.F. Corporation in a report on Monday, May 1st. Finally, B. Riley reiterated a “neutral” rating and issued a $53.00 price objective on shares of V.F. Corporation in a report on Sunday, April 30th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have issued a buy rating to the company’s stock. V.F. Corporation has a consensus rating of “Hold” and an average price target of $55.67.
V.F. Corporation (NYSE:VFC) traded up 0.32% during mid-day trading on Thursday, reaching $56.20. The company had a trading volume of 5,300,916 shares. V.F. Corporation has a 52 week low of $48.05 and a 52 week high of $65.20. The stock has a 50 day moving average of $54.59 and a 200 day moving average of $53.64. The stock has a market capitalization of $22.51 billion, a price-to-earnings ratio of 22.91 and a beta of 0.77.
V.F. Corporation (NYSE:VFC) last announced its quarterly earnings results on Friday, April 28th. The textile maker reported $0.55 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. V.F. Corporation had a return on equity of 26.78% and a net margin of 8.67%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the company posted $0.61 EPS. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts anticipate that V.F. Corporation will post $2.92 earnings per share for the current year.
V.F. Corporation declared that its board has authorized a stock repurchase program on Thursday, March 30th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the textile maker to reacquire up to 22.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
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A number of institutional investors have recently added to or reduced their stakes in VFC. Keel Point LLC increased its position in V.F. Corporation by 0.4% in the first quarter. Keel Point LLC now owns 4,383 shares of the textile maker’s stock valued at $241,000 after buying an additional 19 shares during the last quarter. Haverford Trust Co. boosted its stake in V.F. Corporation by 0.7% in the first quarter. Haverford Trust Co. now owns 5,163 shares of the textile maker’s stock valued at $284,000 after buying an additional 34 shares during the period. Zions Bancorporation boosted its stake in V.F. Corporation by 1.5% in the first quarter. Zions Bancorporation now owns 2,575 shares of the textile maker’s stock valued at $140,000 after buying an additional 38 shares during the period. Wagner Bowman Management Corp boosted its stake in V.F. Corporation by 0.5% in the first quarter. Wagner Bowman Management Corp now owns 10,323 shares of the textile maker’s stock valued at $567,000 after buying an additional 50 shares during the period. Finally, Cleararc Capital Inc. boosted its stake in V.F. Corporation by 0.7% in the first quarter. Cleararc Capital Inc. now owns 8,096 shares of the textile maker’s stock valued at $445,000 after buying an additional 53 shares during the period.
About V.F. Corporation
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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