VF (NYSE:VFC) Upgraded to “Buy” at Argus

Argus upgraded shares of VF (NYSE:VFC) from a hold rating to a buy rating in a report released on Tuesday morning, Marketbeat.com reports. Argus currently has $25.00 price objective on the textile maker’s stock.

A number of other equities research analysts also recently commented on VFC. Citigroup lifted their price objective on VF from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Jefferies Financial Group initiated coverage on VF in a report on Friday, September 27th. They issued a “hold” rating and a $20.00 price target for the company. Wells Fargo & Company downgraded shares of VF from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $16.00 to $15.00 in a research note on Monday, October 14th. TD Cowen raised their target price on shares of VF from $16.00 to $19.00 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Finally, Stifel Nicolaus upped their price target on shares of VF from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.11.

VF Price Performance

NYSE:VFC opened at $22.61 on Tuesday. VF has a 12-month low of $11.00 and a 12-month high of $23.09. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of -13.07, a price-to-earnings-growth ratio of 8.19 and a beta of 1.49. The company’s 50-day moving average is $20.13 and its two-hundred day moving average is $17.64. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86.

VF (NYSE:VFC) last announced its quarterly earnings data on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.19. The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.72 billion. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 earnings per share. Research analysts expect that VF will post 0.48 EPS for the current year.

VF Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Tuesday, December 10th. VF’s dividend payout ratio is presently -20.81%.

Institutional Trading of VF

A number of hedge funds have recently made changes to their positions in the company. Arkadios Wealth Advisors grew its holdings in VF by 5.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock valued at $481,000 after purchasing an additional 1,217 shares in the last quarter. Arizona State Retirement System increased its position in shares of VF by 1.9% during the second quarter. Arizona State Retirement System now owns 92,524 shares of the textile maker’s stock worth $1,249,000 after acquiring an additional 1,681 shares during the last quarter. Burney Co. lifted its stake in shares of VF by 13.6% in the second quarter. Burney Co. now owns 14,795 shares of the textile maker’s stock worth $200,000 after acquiring an additional 1,768 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in VF in the third quarter valued at about $40,000. Finally, Signaturefd LLC grew its stake in VF by 18.6% during the 2nd quarter. Signaturefd LLC now owns 14,773 shares of the textile maker’s stock valued at $199,000 after purchasing an additional 2,318 shares in the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

About VF

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.