By otakuyassine3@gmail.com 
Truist Financial reaffirmed their hold rating on shares of VF (NYSE:VFC – Free Report) in a research note published on Thursday,Benzinga reports. The firm currently has a $24.00 price objective on the textile maker’s stock, up from their prior price objective of $20.00.
VFC has been the topic of several other research reports. Barclays upped their target price on VF from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday. TD Cowen raised their price objective on shares of VF from $16.00 to $19.00 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Citigroup increased their target price on shares of VF from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Robert W. Baird lifted their price target on shares of VF from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group assumed coverage on VF in a research note on Friday, October 11th. They issued a “neutral” rating and a $20.00 target price for the company. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, VF has a consensus rating of “Hold” and an average target price of $22.47.
Check Out Our Latest Research Report on VFC
VF Stock Up 5.2 %
Shares of VFC opened at $26.88 on Thursday. VF has a 52 week low of $11.00 and a 52 week high of $29.02. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86. The stock has a fifty day moving average of $22.12 and a 200-day moving average of $19.65.
VF (NYSE:VFC – Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a positive return on equity of 15.35% and a negative net margin of 4.63%. During the same period in the prior year, the business earned $0.57 earnings per share. As a group, research analysts forecast that VF will post 0.48 EPS for the current fiscal year.
VF Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.36 dividend on an annualized basis and a yield of 1.34%. VF’s dividend payout ratio (DPR) is currently -30.25%.
Hedge Funds Weigh In On VF
Several institutional investors have recently added to or reduced their stakes in VFC. CKW Financial Group boosted its stake in VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 500 shares during the last quarter. TB Alternative Assets Ltd. bought a new stake in shares of VF in the 4th quarter worth approximately $1,878,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in VF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after purchasing an additional 3,008 shares during the last quarter. Fiduciary Alliance LLC grew its holdings in VF by 6.8% during the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after purchasing an additional 16,431 shares during the period. Finally, Segall Bryant & Hamill LLC increased its position in VF by 1.8% in the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after buying an additional 65,919 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.
VF Company Profile
VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.
Featured Articles
Receive News & Ratings for VF Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for VF and related companies with MarketBeat.com’s FREE daily email newsletter.