Pivotal Research reaffirmed their hold rating on shares of VF (NYSE:VFC) in a research report sent to investors on Friday, AnalystRatings.com reports. The brokerage currently has a $90.00 price objective on the textile maker’s stock, up from their previous price objective of $88.00.
A number of other equities research analysts have also commented on the stock. Canaccord Genuity reissued a buy rating on shares of Toronto-Dominion Bank in a report on Thursday, May 23rd. Telsey Advisory Group reissued a market perform rating and set a $28.00 price objective on shares of L Brands in a report on Thursday, May 23rd. Goldman Sachs Group set a €6.34 ($7.37) price objective on shares of Banco Bilbao Vizcaya Argentaria and gave the stock a neutral rating in a report on Friday, May 17th. Wedbush set a $69.00 price objective on shares of Albireo Pharma and gave the stock a buy rating in a report on Thursday, May 23rd. Finally, UBS Group decreased their price objective on shares of VF from $97.00 to $87.00 and set a neutral rating on the stock in a report on Friday, May 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $94.50.
VFC opened at $87.34 on Friday. The stock has a 50-day moving average price of $86.75. The company has a current ratio of 1.76, a quick ratio of 1.03 and a debt-to-equity ratio of 0.49. VF has a twelve month low of $67.18 and a twelve month high of $97.00. The company has a market cap of $34.69 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15.
VF (NYSE:VFC) last posted its earnings results on Wednesday, May 22nd. The textile maker reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. VF had a net margin of 9.10% and a return on equity of 36.62%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that VF will post 3.34 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. Paragon Capital Management LLC acquired a new position in VF during the 1st quarter valued at about $41,000. Prime Capital Investment Advisors LLC lifted its position in VF by 73.8% during the 1st quarter. Prime Capital Investment Advisors LLC now owns 478 shares of the textile maker’s stock valued at $42,000 after purchasing an additional 203 shares during the period. Meridian Wealth Management LLC acquired a new position in VF during the 1st quarter valued at about $53,000. Zions Bancorporation N.A. acquired a new position in VF during the 1st quarter valued at about $57,000. Finally, Sonora Investment Management LLC lifted its position in VF by 92.2% during the 2nd quarter. Sonora Investment Management LLC now owns 744 shares of the textile maker’s stock valued at $65,000 after purchasing an additional 357 shares during the period.
VF Company Profile
V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.
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