V.F. (NYSE:VFC) Price Target Raised to $21.00 at Needham & Company LLC

V.F. (NYSE:VFC) had its price objective hoisted by investment analysts at Needham & Company LLC from $19.00 to $21.00 in a research note issued on Thursday, Marketbeat reports. The firm presently has a “buy” rating on the textile maker’s stock. Needham & Company LLC’s target price points to a potential upside of 13.36% from the company’s previous close.

Several other equities analysts have also commented on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of V.F. in a report on Monday. Zacks Research upgraded shares of V.F. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. Stifel Nicolaus boosted their price target on shares of V.F. from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Friday, December 12th. Robert W. Baird set a $25.00 price target on shares of V.F. in a report on Wednesday. Finally, UBS Group reaffirmed a “neutral” rating on shares of V.F. in a research note on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $16.03.

V.F. Trading Down 2.6%

VFC stock opened at $18.53 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 2.40. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 84.21, a PEG ratio of 1.91 and a beta of 1.67. The business has a fifty day simple moving average of $16.01 and a 200-day simple moving average of $14.21. V.F. has a 52 week low of $9.41 and a 52 week high of $29.02.

V.F. (NYSE:VFC) last issued its earnings results on Tuesday, October 28th. The textile maker reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.10. V.F. had a return on equity of 20.34% and a net margin of 0.95%.The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts expect that V.F. will post 0.73 EPS for the current year.

Hedge Funds Weigh In On V.F.

A number of large investors have recently modified their holdings of VFC. Segall Bryant & Hamill LLC increased its stake in shares of V.F. by 43.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 4,938,084 shares of the textile maker’s stock valued at $71,257,000 after buying an additional 1,495,148 shares during the period. Fiduciary Alliance LLC boosted its stake in shares of V.F. by 22.0% in the 3rd quarter. Fiduciary Alliance LLC now owns 586,877 shares of the textile maker’s stock valued at $8,469,000 after purchasing an additional 105,786 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of V.F. by 1.9% during the third quarter. Russell Investments Group Ltd. now owns 578,767 shares of the textile maker’s stock worth $8,352,000 after buying an additional 10,881 shares during the last quarter. New York State Common Retirement Fund boosted its stake in V.F. by 21.3% in the second quarter. New York State Common Retirement Fund now owns 573,649 shares of the textile maker’s stock valued at $6,740,000 after acquiring an additional 100,680 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in V.F. by 115.2% during the third quarter. SG Americas Securities LLC now owns 113,951 shares of the textile maker’s stock worth $1,644,000 after buying an additional 60,998 shares during the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

About V.F.

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.