V.F. Corporation (VFC) Rating Increased to Hold at Forward View
V.F. Corporation (NYSE:VFC) was upgraded by Forward View from a “sell” rating to a “hold” rating in a report released on Friday, July 28th. The firm currently has a $65.00 target price on the textile maker’s stock. Forward View’s price objective would indicate a potential upside of 4.35% from the stock’s current price. Forward View also issued estimates for V.F. Corporation’s Q3 2017 earnings at $1.10 EPS, Q4 2017 earnings at $1.09 EPS, Q1 2018 earnings at $0.63 EPS, Q3 2018 earnings at $1.31 EPS, Q4 2018 earnings at $1.22 EPS and FY2018 earnings at $3.49 EPS.
VFC has been the topic of several other research reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $56.00 price target on shares of V.F. Corporation in a research report on Sunday, April 23rd. Canaccord Genuity reiterated a “hold” rating and issued a $53.00 target price on shares of V.F. Corporation in a research note on Friday, May 26th. B. Riley reiterated a “neutral” rating and issued a $53.00 target price on shares of V.F. Corporation in a research note on Tuesday, April 25th. Vetr downgraded V.F. Corporation from a “sell” rating to a “strong sell” rating and set a $49.00 price target on the stock. in a research note on Tuesday, April 11th. Finally, Susquehanna Bancshares Inc upgraded V.F. Corporation from a “neutral” rating to a “positive” rating and lifted their price target for the company from $53.00 to $70.00 in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $58.50.
Shares of V.F. Corporation (NYSE VFC) opened at 61.47 on Friday. The company’s 50-day moving average is $58.61 and its 200-day moving average is $54.80. The company has a market capitalization of $24.20 billion, a price-to-earnings ratio of 23.45 and a beta of 0.78. V.F. Corporation has a 12-month low of $48.05 and a 12-month high of $65.20.
V.F. Corporation (NYSE:VFC) last released its quarterly earnings results on Monday, July 24th. The textile maker reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. Analysts predict that V.F. Corporation will post $2.96 EPS for the current year.
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A number of institutional investors have recently modified their holdings of the stock. Orrstown Financial Services Inc. raised its position in shares of V.F. Corporation by 9.2% in the second quarter. Orrstown Financial Services Inc. now owns 1,780 shares of the textile maker’s stock worth $103,000 after buying an additional 150 shares during the last quarter. TrimTabs Asset Management LLC purchased a new position in shares of V.F. Corporation during the first quarter worth about $121,000. WFG Advisors LP raised its position in shares of V.F. Corporation by 7.4% in the first quarter. WFG Advisors LP now owns 2,480 shares of the textile maker’s stock worth $136,000 after buying an additional 170 shares during the last quarter. Crestwood Advisors Group LLC purchased a new position in shares of V.F. Corporation during the first quarter worth about $141,000. Finally, Zions Bancorporation raised its position in shares of V.F. Corporation by 1.5% in the first quarter. Zions Bancorporation now owns 2,575 shares of the textile maker’s stock worth $140,000 after buying an additional 38 shares during the last quarter.
V.F. Corporation Company Profile
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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