V.F. (NYSE:VFC) Price Target Raised to $16.00

V.F. (NYSE:VFC) had its target price upped by Robert W. Baird from $15.00 to $16.00 in a report issued on Thursday, Marketbeat.com reports. Robert W. Baird currently has a neutral rating on the textile maker’s stock.

VFC has been the subject of several other research reports. Weiss Ratings restated a “sell (d+)” rating on shares of V.F. in a research report on Tuesday, September 1st. Wall Street Zen downgraded V.F. from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Evercore set a $16.00 price objective on V.F. in a research note on Thursday, July 30th. Telsey Advisory Group decreased their price objective on V.F. from $20.00 to $17.00 and set a “market perform” rating on the stock in a report on Thursday, July 30th. Finally, Truist Financial raised shares of V.F. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $14.00 to $20.00 in a research note on Tuesday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $18.33.

V.F. Price Performance

Shares of NYSE VFC opened at $18.28 on Thursday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.78 and a current ratio of 1.47. The firm has a fifty day moving average of $14.70 and a 200 day moving average of $16.96. The firm has a market cap of $7.20 billion, a PE ratio of 19.87, a PEG ratio of 0.85 and a beta of 1.56. V.F. has a one year low of $12.45 and a one year high of $22.27.

V.F. (NYSE:VFC) last posted its quarterly earnings data on Wednesday, October 28th. The textile maker reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.16. V.F. had a net margin of 3.93% and a return on equity of 21.78%. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period last year, the firm posted $0.52 earnings per share. The company’s revenue was down 3.8% compared to the same quarter last year. As a group, research analysts predict that V.F. will post 1.16 EPS for the current fiscal year.

V.F. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 10th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, December 10th. V.F.’s payout ratio is currently 39.13%.

Insider Buying and Selling at V.F.

In related news, Director Richard Carucci purchased 20,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was acquired at an average cost of $14.73 per share, for a total transaction of $294,600.00. Following the completion of the transaction, the director directly owned 356,215 shares of the company’s stock, valued at approximately $5,247,046.95. This trade represents a 5.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On V.F.

A number of institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its holdings in V.F. by 27.9% in the 1st quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock valued at $46,000 after buying an additional 588 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of V.F. by 1.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 69,256 shares of the textile maker’s stock worth $974,000 after acquiring an additional 1,300 shares during the last quarter. HB Wealth Management LLC increased its stake in shares of V.F. by 4.9% in the 2nd quarter. HB Wealth Management LLC now owns 30,687 shares of the textile maker’s stock worth $512,000 after acquiring an additional 1,428 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of V.F. by 27.3% during the 2nd quarter. IFP Advisors Inc now owns 6,682 shares of the textile maker’s stock worth $111,000 after acquiring an additional 1,431 shares during the period. Finally, Covestor Ltd raised its holdings in shares of V.F. by 707.2% during the 3rd quarter. Covestor Ltd now owns 2,349 shares of the textile maker’s stock worth $33,000 after acquiring an additional 2,058 shares during the period. Hedge funds and other institutional investors own 86.84% of the company’s stock.

Trending Headlines about V.F.

Here are the key news stories impacting V.F. this week:

• Positive Sentiment: V.F. beat second-quarter expectations, reporting adjusted earnings of $0.70 per share versus the $0.54 consensus and revenue of $2.70 billion versus estimates of $2.66 billion. Management reaffirmed its outlook, while Timberland, The North Face and Altra performed well. V.F. Corp beats FQ2 estimates as Vans weakness continues
• Positive Sentiment: Margin recovery is becoming a key investment catalyst. The earnings coverage highlighted improving profitability and a return to growth in Vans direct-to-consumer sales for the first time in five years, suggesting turnaround initiatives may be gaining traction. V.F. Stock Climbs As Q2 Results Sharpen Margin Recovery
• Positive Sentiment: BTIG reaffirmed a “Buy” rating, and several analysts raised their forecasts or price targets after the strong quarter. The company also maintained its quarterly dividend of $0.09 per share, providing an annualized yield of approximately 2.1%. V.F. Stock Rating Reaffirmed as Buy by BTIG Research
• Neutral Sentiment: Analyst sentiment improved but remains cautious. BNP Paribas Exane upgraded VFC from “underperform” to “neutral” and lifted its target to $16, while Robert W. Baird maintains “neutral” with a $16 target and Deutsche Bank maintains “hold” with a $19 target. These targets imply limited or negative upside from the current trading level. BNP Paribas upgrades VF to neutral from underperform
• Negative Sentiment: Vans remains a notable weakness despite early signs of stabilization, and unusually heavy put-option activity indicates that some traders are positioning for downside or increased volatility.

About V.F.

V.F. Corporation, commonly known as VF Corporation, is a global apparel, footwear and accessories company. Its brand portfolio includes The North Face, Vans, Timberland, Dickies, JanSport, Smartwool, Icebreaker, Kipling, Eastpak and Napapijri. These brands serve outdoor, active, workwear, lifestyle and youth-oriented markets.

VF sells products through wholesale partners, company-operated retail stores, brand websites and other digital channels. Its offerings include jackets, outdoor and performance apparel, footwear, backpacks, luggage and workwear.