VF (NYSE:VFC) Stock Rating Upgraded by Argus

VF (NYSE:VFC) was upgraded by Argus from a “hold” rating to a “buy” rating in a report released on Tuesday, MarketBeat reports. The brokerage currently has a $25.00 price objective on the textile maker’s stock. Argus’ price objective would suggest a potential upside of 12.36% from the stock’s current price.

VFC has been the topic of several other research reports. Barclays raised their target price on VF from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Telsey Advisory Group lifted their target price on shares of VF from $19.00 to $21.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. raised their price target on shares of VF from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. TD Cowen upped their price objective on shares of VF from $16.00 to $19.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Finally, StockNews.com raised shares of VF from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.11.

VF Trading Down 1.5 %

VF stock opened at $22.25 on Tuesday. 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 firm has a market cap of $8.66 billion, a PE ratio of -12.86, a P/E/G ratio of 8.19 and a beta of 1.49. The stock’s 50 day simple moving average is $20.18 and its two-hundred day simple moving average is $17.67. VF has a 12 month low of $11.00 and a 12 month high of $23.49.

VF (NYSE:VFC) last posted its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.19. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period in the prior year, the company posted $0.63 EPS. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. Analysts anticipate that VF will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On VF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC acquired a new position in shares of VF during the third quarter worth $40,000. Abich Financial Wealth Management LLC purchased a new position in shares of VF in the 2nd quarter valued at about $60,000. Banque Cantonale Vaudoise raised its position in shares of VF by 113.3% during the 2nd quarter. Banque Cantonale Vaudoise now owns 6,860 shares of the textile maker’s stock worth $93,000 after acquiring an additional 3,644 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in VF during the second quarter worth approximately $103,000. Finally, Summit Financial LLC acquired a new position in VF in the second quarter valued at approximately $137,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

VF Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.