VF (VFC) PT Set at $93.00 by Piper Jaffray Companies
VF (NYSE:VFC) received a $93.00 target price from equities research analysts at Piper Jaffray Companies in a report issued on Friday. The firm currently has a “buy” rating on the textile maker’s stock. Piper Jaffray Companies’ price target would indicate a potential upside of 12.95% from the company’s current price. Piper Jaffray Companies also issued estimates for VF’s Q4 2019 earnings at $0.57 EPS, FY2019 earnings at $3.75 EPS, Q4 2020 earnings at $0.75 EPS, Q1 2021 earnings at $0.58 EPS, Q2 2021 earnings at $1.76 EPS and Q3 2021 earnings at $1.63 EPS.
VFC has been the subject of several other research reports. Wells Fargo & Co reduced their price target on shares of VF from $90.00 to $85.00 and set a “market perform” rating for the company in a research report on Wednesday, January 2nd. Guggenheim reaffirmed a “buy” rating and set a $90.00 price objective on shares of VF in a research note on Friday. Wedbush began coverage on shares of VF in a research note on Monday, October 15th. They set a “neutral” rating and a $94.00 price objective for the company. They noted that the move was a valuation call. Credit Suisse Group reaffirmed a “positive” rating on shares of VF in a research note on Wednesday, January 16th. Finally, ValuEngine raised shares of VF from a “hold” rating to a “buy” rating in a research note on Saturday. Eight investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. VF presently has an average rating of “Buy” and a consensus target price of $91.71.
Shares of VFC traded up $9.08 during mid-day trading on Friday, hitting $82.34. 6,281,860 shares of the company were exchanged, compared to its average volume of 2,241,205. VF has a 1-year low of $67.18 and a 1-year high of $97.00. The company has a quick ratio of 1.07, a current ratio of 1.80 and a debt-to-equity ratio of 0.50. The company has a market cap of $32.67 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01.
In other news, Director Richard Carucci purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, October 24th. The stock was acquired at an average price of $78.65 per share, with a total value of $393,250.00. Following the purchase, the director now directly owns 48,190 shares in the company, valued at approximately $3,790,143.50. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.72% of the company’s stock.
Several institutional investors have recently bought and sold shares of VFC. FMR LLC grew its stake in shares of VF by 106.9% in the 2nd quarter. FMR LLC now owns 3,466,116 shares of the textile maker’s stock valued at $282,557,000 after buying an additional 1,790,625 shares during the period. OppenheimerFunds Inc. grew its stake in shares of VF by 18.2% in the 2nd quarter. OppenheimerFunds Inc. now owns 17,491 shares of the textile maker’s stock valued at $1,426,000 after buying an additional 2,697 shares during the period. Centaurus Financial Inc. purchased a new position in shares of VF during the 2nd quarter worth approximately $119,000. Global X Management Co LLC boosted its position in shares of VF by 41.2% during the 2nd quarter. Global X Management Co LLC now owns 24,864 shares of the textile maker’s stock worth $2,027,000 after purchasing an additional 7,256 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of VF by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,736,782 shares of the textile maker’s stock worth $223,103,000 after purchasing an additional 9,878 shares during the period.
V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.
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