VF (VFC) Upgraded by ValuEngine to “Buy”
ValuEngine upgraded shares of VF (NYSE:VFC) from a hold rating to a buy rating in a report released on Thursday.
Several other research firms have also recently commented on VFC. Susquehanna Bancshares reaffirmed a buy rating and set a $95.00 target price on shares of VF in a research note on Monday, January 29th. Pivotal Research set a $95.00 target price on VF and gave the stock a buy rating in a research note on Wednesday, February 14th. Canaccord Genuity reaffirmed a buy rating and set a $90.00 target price (up previously from $81.00) on shares of VF in a research note on Monday, January 29th. Barclays assumed coverage on VF in a research note on Friday, February 2nd. They set an overweight rating and a $96.00 target price for the company. Finally, Piper Jaffray Companies raised VF from a neutral rating to an overweight rating and set a $56.00 target price for the company in a research note on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $75.10.
VF (NYSE VFC) opened at $73.52 on Thursday. VF has a 1 year low of $51.22 and a 1 year high of $84.38. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.98 and a current ratio of 1.60. The stock has a market capitalization of $29,050.00, a PE ratio of 41.07, a PEG ratio of 2.12 and a beta of 0.96.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Friday, March 9th will be paid a $0.46 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.84 dividend on an annualized basis and a yield of 2.50%. VF’s dividend payout ratio (DPR) is presently 102.79%.
Institutional investors have recently made changes to their positions in the business. Pensionfund Sabic acquired a new stake in VF in the fourth quarter valued at approximately $1,850,000. Oak Point Wealth Management purchased a new position in shares of VF during the fourth quarter valued at approximately $1,479,000. Amundi Pioneer Asset Management Inc. boosted its position in shares of VF by 16.9% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 398,071 shares of the textile maker’s stock valued at $25,305,000 after buying an additional 57,581 shares during the last quarter. First Merchants Corp boosted its position in shares of VF by 8.1% during the third quarter. First Merchants Corp now owns 69,631 shares of the textile maker’s stock valued at $4,425,000 after buying an additional 5,201 shares during the last quarter. Finally, Oak Ridge Investments LLC boosted its position in shares of VF by 27.1% during the third quarter. Oak Ridge Investments LLC now owns 176,542 shares of the textile maker’s stock valued at $11,223,000 after buying an additional 37,613 shares during the last quarter. 85.22% of the stock is owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for VF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VF and related companies with MarketBeat.com's FREE daily email newsletter.