Citigroup Forecasts Strong Price Appreciation for VF (NYSE:VFC) Stock

VF (NYSE:VFC) had its price target boosted by research analysts at Citigroup from $20.00 to $24.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the textile maker’s stock. Citigroup’s price target points to a potential upside of 7.87% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Evercore ISI upped their target price on shares of VF from $14.00 to $16.00 and gave the company an “in-line” rating in a research report on Wednesday, August 7th. StockNews.com upgraded shares of VF from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Wells Fargo & Company downgraded shares of VF from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $16.00 to $15.00 in a research report on Monday, October 14th. BMO Capital Markets upped their target price on shares of VF from $13.00 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group assumed coverage on shares of VF in a research report on Friday, October 11th. They set a “neutral” rating and a $20.00 target price on the stock. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, VF presently has a consensus rating of “Hold” and a consensus target price of $18.18.

VF Stock Up 2.9 %

VFC opened at $22.25 on Tuesday. VF has a twelve month low of $11.00 and a twelve month high of $23.09. The firm’s 50-day simple moving average is $18.73 and its 200-day simple moving average is $15.69. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. The firm has a market cap of $8.66 billion, a price-to-earnings ratio of -7.37, a PEG ratio of 3.27 and a beta of 1.53.

VF (NYSE:VFC) last issued its quarterly earnings data on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.19. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. The company’s revenue was down 5.6% on a year-over-year basis. Equities research analysts anticipate that VF will post 0.6 EPS for the current fiscal year.

Insider Transactions at VF

In other news, Director Richard Carucci bought 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was acquired at an average cost of $16.70 per share, with a total value of $250,500.00. Following the completion of the purchase, the director now owns 230,178 shares of the company’s stock, valued at $3,843,972.60. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On VF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank & Trust Co acquired a new stake in VF during the 2nd quarter valued at $35,000. Versant Capital Management Inc lifted its holdings in VF by 6,981.1% during the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 2,583 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in VF during the 3rd quarter valued at $40,000. EverSource Wealth Advisors LLC lifted its holdings in shares of VF by 50.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock worth $41,000 after buying an additional 895 shares in the last quarter. Finally, Heritage Wealth Advisors lifted its holdings in shares of VF by 527.6% during the first quarter. Heritage Wealth Advisors now owns 2,755 shares of the textile maker’s stock worth $42,000 after buying an additional 2,316 shares in the last quarter. 86.84% of the stock is owned by institutional investors.

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.