VF (NYSE:VFC – Get Free Report) had its price target hoisted by equities research analysts at Jefferies Financial Group from $21.00 to $24.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the textile maker’s stock. Jefferies Financial Group’s target price points to a potential downside of 5.64% from the company’s current price.
Several other equities research analysts also recently issued reports on the stock. Truist Financial began coverage on shares of VF in a research note on Thursday, December 5th. They issued a “hold” rating and a $20.00 target price for the company. Citigroup boosted their target price on VF from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. OTR Global upgraded VF from a “mixed” rating to a “positive” rating in a research note on Friday, January 10th. Barclays upped their price target on shares of VF from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group assumed coverage on VF in a report on Friday, October 11th. They set a “neutral” rating and a $20.00 target price for the company. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.84.
Check Out Our Latest Research Report on VFC
VF Stock Down 4.3 %
VF (NYSE:VFC – Get Free Report) last issued its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.28. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. During the same quarter in the prior year, the business earned $0.57 EPS. Equities research analysts expect that VF will post 0.48 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of VFC. Future Financial Wealth Managment LLC bought a new stake in shares of VF during the 3rd quarter valued at approximately $40,000. CKW Financial Group boosted its position in VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of VF by 100.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after buying an additional 3,008 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of VF during the second quarter worth $241,000. Finally, Quent Capital LLC lifted its stake in shares of VF by 1,917.1% in the 3rd quarter. Quent Capital LLC now owns 12,627 shares of the textile maker’s stock valued at $247,000 after acquiring an additional 12,001 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.
VF Company Profile
VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.
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