Needham & Company LLC Reaffirms “Buy” Rating for VF (NYSE:VFC)

VF (NYSE:VFC)‘s stock had its “buy” rating reiterated by analysts at Needham & Company LLC in a research note issued on Friday,Benzinga reports. They presently have a $28.00 price target on the textile maker’s stock. Needham & Company LLC’s target price points to a potential upside of 46.41% from the company’s current price.

Several other research firms have also recently commented on VFC. The Goldman Sachs Group raised their target price on shares of VF from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Robert W. Baird raised their target price on shares of VF from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Truist Financial restated a “hold” rating and issued a $24.00 target price (up previously from $20.00) on shares of VF in a research note on Thursday, January 30th. Guggenheim raised their target price 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, Jefferies Financial Group raised their price objective on shares of VF from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.90.

VF Trading Down 7.0 %

Shares of NYSE:VFC opened at $19.13 on Friday. VF has a 52 week low of $11.00 and a 52 week high of $29.02. The company’s 50 day moving average is $24.02 and its two-hundred day moving average is $21.20. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31. The company has a market cap of $7.45 billion, a PE ratio of -16.07, a P/E/G ratio of 6.77 and a beta of 1.46.

VF (NYSE:VFC) last posted its earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS 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 14.86%. During the same period in the prior year, the business posted $0.57 EPS. Equities analysts predict that VF will post 0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CKW Financial Group grew its holdings in shares of VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after buying an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 in the last quarter. Fiduciary Alliance LLC grew its holdings in shares of VF by 6.8% during the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after buying an additional 16,431 shares in the last quarter. Segall Bryant & Hamill LLC grew its holdings in shares of VF by 1.8% during the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after buying an additional 65,919 shares in the last quarter. Finally, TB Alternative Assets Ltd. purchased a new stake in shares of VF during the fourth quarter worth about $1,878,000. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

About VF

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.