V.F. Corporation (VFC) Rating Increased to B- at TheStreet
V.F. Corporation (NYSE:VFC) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b-” rating in a note issued to investors on Thursday.
Several other brokerages have also weighed in on VFC. Vetr lowered V.F. Corporation from a “sell” rating to a “strong sell” rating and set a $49.00 target price on the stock. in a research report on Tuesday, April 18th. B. Riley reissued a “neutral” rating and set a $53.00 target price on shares of V.F. Corporation in a research report on Sunday, April 30th. Buckingham Research reissued a “neutral” rating and set a $55.00 target price on shares of V.F. Corporation in a research report on Monday. Cowen and Company raised their target price on V.F. Corporation from $52.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 4th. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and set a $49.00 target price (down previously from $52.00) on shares of V.F. Corporation in a research report on Monday, May 1st. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $55.67.
V.F. Corporation (NYSE VFC) traded up 0.32% during trading on Thursday, hitting $56.20. 5,300,916 shares of the stock traded hands. The company’s 50 day moving average price is $54.59 and its 200 day moving average price is $53.64. The company has a market cap of $22.51 billion, a P/E ratio of 22.91 and a beta of 0.77. V.F. Corporation has a 12 month low of $48.05 and a 12 month high of $65.20.
V.F. Corporation (NYSE:VFC) last issued its earnings results on Friday, April 28th. The textile maker reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. V.F. Corporation had a return on equity of 26.78% and a net margin of 8.67%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the company earned $0.61 EPS. The business’s quarterly revenue was down 2.0% on a year-over-year basis. On average, equities research analysts anticipate that V.F. Corporation will post $2.92 EPS for the current fiscal year.
V.F. Corporation announced that its board has authorized a share buyback plan on Thursday, March 30th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the textile maker to repurchase up to 22.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.
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Several hedge funds have recently bought and sold shares of VFC. Pinnacle Bank acquired a new stake in V.F. Corporation during the first quarter worth $247,000. Perigon Wealth Management LLC increased its stake in V.F. Corporation by 17.2% in the fourth quarter. Perigon Wealth Management LLC now owns 31,874 shares of the textile maker’s stock worth $1,676,000 after buying an additional 4,685 shares during the period. Edmp Inc. acquired a new stake in V.F. Corporation during the first quarter worth $2,894,000. PGGM Investments acquired a new stake in V.F. Corporation during the first quarter worth $11,656,000. Finally, Dean Investment Associates LLC increased its stake in V.F. Corporation by 55.7% in the first quarter. Dean Investment Associates LLC now owns 17,110 shares of the textile maker’s stock worth $941,000 after buying an additional 6,120 shares during the period.
About V.F. Corporation
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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