Robert W. Baird Forecasts Strong Price Appreciation for VF (NYSE:VFC) Stock

VF (NYSE:VFC) had its target price lifted by analysts at Robert W. Baird from $23.00 to $28.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. Robert W. Baird’s price target suggests a potential upside of 7.75% from the stock’s previous close.

Several other research firms have also commented on VFC. Barclays boosted their price objective on shares of VF from $29.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday. OTR Global raised shares of VF from a “mixed” rating to a “positive” rating in a research note on Friday, January 10th. Jefferies Financial Group boosted their price objective on shares of VF from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Tuesday. Guggenheim boosted their price objective on shares of VF from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, TD Cowen boosted their price objective on shares of VF from $16.00 to $19.00 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.47.

VF Trading Down 3.5 %

Shares of VFC opened at $25.99 on Thursday. The firm’s 50-day moving average price is $22.28 and its 200-day moving average price is $19.70. The firm has a market capitalization of $10.12 billion, a price-to-earnings ratio of -21.84, a PEG ratio of 10.01 and a beta of 1.45. 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 has a 1-year low of $11.00 and a 1-year high of $29.02.

VF (NYSE:VFC) last announced its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 15.35%. During the same quarter last year, the business posted $0.57 EPS. Sell-side analysts anticipate that VF will post 0.48 EPS for the current year.

Institutional Trading of VF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC purchased a new stake in VF during the third quarter valued at approximately $40,000. CKW Financial Group increased its holdings in VF by 29.4% during 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 during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in 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 valued at $129,000 after buying an additional 3,008 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in VF during the second quarter valued at approximately $241,000. Finally, Quent Capital LLC increased its holdings in VF by 1,917.1% during the third quarter. Quent Capital LLC now owns 12,627 shares of the textile maker’s stock valued at $247,000 after buying an additional 12,001 shares during the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

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.