UBS Group Issues Positive Forecast for VF (NYSE:VFC) Stock Price

VF (NYSE:VFC) had its price objective hoisted by stock analysts at UBS Group from $24.00 to $28.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. UBS Group’s price objective suggests a potential upside of 4.17% from the company’s current price.

Other analysts have also recently issued reports about the stock. BMO Capital Markets lifted their target price on shares of VF from $14.00 to $25.00 and gave the company a “market perform” rating in a research note on Thursday. Truist Financial reaffirmed a “hold” rating and issued a $24.00 price objective (up previously from $20.00) on shares of VF in a research note on Thursday. Stifel Nicolaus lifted their price objective on shares of VF from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, October 14th. OTR Global raised VF from a “mixed” rating to a “positive” rating in a research report on Friday, January 10th. Finally, Citigroup increased their price objective on VF from $20.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $22.16.

VF Stock Up 5.2 %

Shares of VFC stock traded up $1.32 during trading on Thursday, hitting $26.88. 7,995,182 shares of the company were exchanged, compared to its average volume of 6,849,629. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.88 and a current ratio of 1.30. The firm has a market capitalization of $10.46 billion, a price-to-earnings ratio of -15.54, a P/E/G ratio of 9.74 and a beta of 1.45. The business’s 50-day simple moving average is $22.12 and its 200 day simple moving average is $19.65. VF has a twelve month low of $11.00 and a twelve month high of $29.02.

VF (NYSE:VFC) last released its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. During the same quarter in the previous year, the business earned $0.57 earnings per share. As a group, analysts forecast that VF will post 0.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC lifted its holdings in shares of VF by 1.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after acquiring an additional 65,919 shares during the period. Fiduciary Alliance LLC lifted its stake in VF by 6.8% during the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after purchasing an additional 16,431 shares during the period. Sei Investments Co. lifted its stake in VF by 26.7% during the second quarter. Sei Investments Co. now owns 207,120 shares of the textile maker’s stock worth $2,796,000 after purchasing an additional 43,697 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of VF by 90.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock valued at $2,737,000 after purchasing an additional 96,442 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in shares of VF by 40.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 107,700 shares of the textile maker’s stock worth $2,149,000 after buying an additional 30,800 shares in the last quarter. Institutional investors and hedge funds 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.