Barclays Forecasts Strong Price Appreciation for V.F. (NYSE:VFC) Stock

V.F. (NYSE:VFC) had its target price increased by stock analysts at Barclays from $24.00 to $28.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the textile maker’s stock. Barclays‘s price objective would suggest a potential upside of 37.60% from the stock’s previous close.

VFC has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of V.F. from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Thursday, October 29th. BTIG Research reissued a “buy” rating and issued a $23.00 price objective on shares of V.F. in a research note on Wednesday, October 28th. Evercore set a $16.00 price objective on shares of V.F. in a research note on Thursday, July 30th. Truist Financial raised shares of V.F. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $20.00 in a research note on Tuesday, October 13th. Finally, Williams Trading set a $22.00 price target on V.F. in a research note on Thursday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.89.

V.F. Price Performance

Shares of V.F. stock traded up $0.03 during trading on Thursday, reaching $20.35. 11,255,670 shares of the company’s stock were exchanged, compared to its average volume of 11,294,657. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 1.47. V.F. has a 1-year low of $12.45 and a 1-year high of $22.27. The company has a market cap of $8.01 billion, a P/E ratio of 22.12, a PEG ratio of 0.83 and a beta of 1.49. The firm’s 50-day moving average price is $15.32 and its 200 day moving average price is $16.98.

V.F. (NYSE:VFC) last announced its quarterly earnings data on Wednesday, October 28th. The textile maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.16. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.66 billion. V.F. had a return on equity of 21.78% and a net margin of 3.93%. V.F.’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS. As a group, research analysts anticipate that V.F. will post 1.18 earnings per share for the current year.

Insider Transactions at V.F.

In other V.F. news, Director Richard Carucci purchased 20,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was purchased at an average price of $14.73 per share, with a total value of $294,600.00. Following the completion of the purchase, the director owned 356,215 shares of the company’s stock, valued at approximately $5,247,046.95. The trade was a 5.95% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.54% of the company’s stock.

Institutional Trading of V.F.

Several institutional investors have recently modified their holdings of VFC. Bank of New York Mellon Corp bought a new position in V.F. during the 2nd quarter worth $42,038,000. Squarepoint Ops LLC grew its position in shares of V.F. by 298.1% in the 2nd quarter. Squarepoint Ops LLC now owns 1,782,904 shares of the textile maker’s stock valued at $29,739,000 after buying an additional 1,335,057 shares during the last quarter. Varenne Capital Partners acquired a new stake in shares of V.F. in the second quarter valued at about $13,671,000. Assenagon Asset Management S.A. increased its stake in shares of V.F. by 242.3% in the third quarter. Assenagon Asset Management S.A. now owns 765,146 shares of the textile maker’s stock valued at $10,758,000 after buying an additional 541,627 shares during the period. Finally, Madison Asset Management LLC bought a new position in shares of V.F. during the second quarter worth about $3,913,000. Institutional investors own 86.84% of the company’s stock.

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.