V.F. Price Target Raised to $207.00 at Stifel Nicolaus (VFC)

Stifel Nicolaus raised their price target on shares of V.F. (NYSE: VFC) from $190.00 to $207.00 in a research note issued on Wednesday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 10.07% from the company’s current price.

The analysts wrote, “Yesterday, VF Corp hosted an Investor Day in NYC featuring growth objectives for 2017, an in-depth overview of long-term strategy, and discussion on key platforms and brands to drive growth. Financial objectives for 2017 include: $17.3bn in revenue (~10% CAGR) and $18.00 in EPS (~13% CAGR), driven by a 300bps increase in gross margin (49.5%) from 2012 to 2017 (management reiterated expectations for 100bps of expansion in 2013, implies 47.5%) and 250bps increase in operating margin (management reiterated expectations for 100bps of expansion in 2013, implies 14.5%). Revenue growth is expected to come from organic (8% CAGR) and acquisitions (2% CAGR). Cash flow from operations is targeted to increase to $2.4bn by 2017 from $1.3bn in 2012, and management highlighted priorities of cash as: 1) acquisitions in Outdoor & Action Sports, 2) a dividend payout ratio of 40% (implies $7.20 dividend per year in 2017), and 3) share repurchases.”

A number of other analysts have also recently weighed in on VFC. Analysts at Janney Montgomery Scott raised their price target on shares of V.F. from $188.00 to $210.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Ned Davis Research downgraded shares of V.F. from a “buy” rating to a “neutral” rating in a research note to investors on Monday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of V.F. in a research note to investors on Thursday, June 6th. They now have a $195.00 price target on the stock.

Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. V.F. presently has a consensus rating of “Buy” and an average price target of $192.17.

V.F. (NYSE: VFC) traded up 0.55% on Wednesday, hitting $189.10. V.F. has a 1-year low of $129.53 and a 1-year high of $189.64. The stock’s 50-day moving average is currently $182.0. The company has a market cap of $20.711 billion and a price-to-earnings ratio of 18.43.

V.F. (NYSE: VFC) last posted its quarterly earnings results on Friday, April 26th. The company reported $2.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.18 by $0.25. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the company posted $1.94 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. V.F. has set its FY13 guidance at $10.75 EPS. Analysts expect that V.F. will post $10.85 EPS for the current fiscal year.

V.F. Corporation (NYSE: VFC) is a global apparel company based in the United States.



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