Piper Sandler Reiterates “Neutral” Rating for VF (NYSE:VFC)

VF (NYSE:VFC)‘s stock had its “neutral” rating restated by analysts at Piper Sandler in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They presently have a $18.00 price objective on the textile maker’s stock. Piper Sandler’s price target suggests a potential upside of 14.59% from the stock’s previous close.

Several other equities research analysts have also recently commented on VFC. UBS Group boosted their price target on VF from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Barclays boosted their target price on shares of VF from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Jefferies Financial Group raised their price target on shares of VF from $21.00 to $24.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Guggenheim upped their price objective on shares of VF from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $27.00 target price on shares of VF in a report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $22.67.

VF Price Performance

Shares of NYSE VFC opened at $15.71 on Thursday. The stock has a market cap of $6.12 billion, a P/E ratio of -13.20, a P/E/G ratio of 6.77 and a beta of 1.46. The firm’s 50-day simple moving average is $22.32 and its 200 day simple moving average is $21.04. VF has a fifty-two week low of $11.00 and a fifty-two week high of $29.02. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31.

VF (NYSE:VFC) last issued its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same quarter last year, the company posted $0.57 earnings per share. Equities analysts expect that VF will post 0.73 EPS for the current year.

Hedge Funds Weigh In On VF

Several institutional investors have recently made changes to their positions in VFC. CKW Financial Group increased its stake in VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after purchasing 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 valued at $129,000 after buying an additional 3,008 shares during the last quarter. TB Alternative Assets Ltd. bought a new stake in shares of VF during the fourth quarter worth about $1,878,000. Fiduciary Alliance LLC raised its holdings in shares of VF by 6.8% in the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after acquiring an additional 16,431 shares during the last quarter. Finally, Segall Bryant & Hamill LLC lifted its position in VF by 5.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock valued at $83,153,000 after acquiring an additional 211,440 shares in 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.