V.F. Corporation (VFC) Receives Hold Rating from Forward View
V.F. Corporation (NYSE:VFC)‘s stock had its “hold” rating reaffirmed by stock analysts at Forward View in a research report issued to clients and investors on Tuesday.
Other equities research analysts have also issued reports about the company. TheStreet upgraded V.F. Corporation from a “c+” rating to a “b-” rating in a report on Thursday, July 13th. UBS AG raised their price objective on V.F. Corporation from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, July 25th. Canaccord Genuity raised V.F. Corporation from a “hold” rating to a “buy” rating and raised their price objective for the company from $58.00 to $73.00 in a research note on Monday. Stifel Nicolaus reissued a “hold” rating and issued a $56.00 price objective on shares of V.F. Corporation in a research note on Sunday, April 23rd. Finally, Piper Jaffray Companies set a $58.00 price objective on V.F. Corporation and gave the company a “hold” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. V.F. Corporation has a consensus rating of “Hold” and a consensus target price of $59.75.
Shares of V.F. Corporation (VFC) opened at 63.50 on Tuesday. The company’s 50-day moving average is $59.15 and its 200-day moving average is $55.03. V.F. Corporation has a 52-week low of $48.05 and a 52-week high of $65.20. The firm has a market cap of $24.99 billion, a P/E ratio of 24.23 and a beta of 0.78.
V.F. Corporation (NYSE:VFC) last announced its quarterly earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.31 billion. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. Equities research analysts forecast that V.F. Corporation will post $2.96 earnings per share for the current fiscal year.
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A number of hedge funds have recently made changes to their positions in the stock. Peapack Gladstone Financial Corp raised its stake in shares of V.F. Corporation by 1.2% in the second quarter. Peapack Gladstone Financial Corp now owns 227,446 shares of the textile maker’s stock valued at $13,101,000 after buying an additional 2,608 shares in the last quarter. Kopp Investment Advisors LLC raised its stake in shares of V.F. Corporation by 0.4% in the second quarter. Kopp Investment Advisors LLC now owns 11,558 shares of the textile maker’s stock valued at $666,000 after buying an additional 49 shares in the last quarter. Cibc World Markets Corp raised its stake in shares of V.F. Corporation by 30.9% in the second quarter. Cibc World Markets Corp now owns 45,263 shares of the textile maker’s stock valued at $2,607,000 after buying an additional 10,687 shares in the last quarter. Harfst & Associates Inc. raised its stake in shares of V.F. Corporation by 8.1% in the second quarter. Harfst & Associates Inc. now owns 6,042 shares of the textile maker’s stock valued at $348,000 after buying an additional 452 shares in the last quarter. Finally, Quantitative Investment Management LLC bought a new stake in shares of V.F. Corporation during the second quarter valued at approximately $3,404,000.
V.F. Corporation Company Profile
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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