VF (NYSE:VFC) Upgraded by OTR Global to Positive Rating

VF (NYSE:VFCGet Free Report) was upgraded by research analysts at OTR Global from a “mixed” rating to a “positive” rating in a research note issued to investors on Friday,Benzinga reports.

Several other equities analysts have also issued reports on VFC. JPMorgan Chase & Co. raised their price target on VF from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Truist Financial started coverage on shares of VF in a research report on Thursday, December 5th. They issued a “hold” rating and a $20.00 target price for the company. Citigroup increased their price target on shares of VF from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. StockNews.com raised VF from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Finally, Argus raised VF from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, December 17th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, VF has an average rating of “Hold” and a consensus price target of $19.11.

Get Our Latest Analysis on VF

VF Price Performance

NYSE:VFC traded up $1.23 during midday trading on Friday, hitting $22.77. The company had a trading volume of 4,162,609 shares, compared to its average volume of 4,115,899. The stock’s fifty day moving average price is $20.99 and its 200-day moving average price is $18.53. VF has a 52-week low of $11.00 and a 52-week high of $23.49. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 2.86. The company has a market capitalization of $8.86 billion, a PE ratio of -13.16, a P/E/G ratio of 8.19 and a beta of 1.45.

VF (NYSE:VFCGet Free Report) last announced its quarterly earnings data on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.41 by $0.19. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. The company’s revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 EPS. As a group, research analysts expect that VF will post 0.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VFC. Segall Bryant & Hamill LLC grew its position in VF by 1.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after purchasing an additional 65,919 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in VF by 90.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock valued at $2,737,000 after acquiring an additional 96,442 shares during the last quarter. Hanseatic Management Services Inc. bought a new position in VF in the third quarter valued at about $640,000. Smith Thornton Advisors LLC purchased a new position in VF in the second quarter worth about $436,000. Finally, Scientech Research LLC grew its stake in shares of VF by 220.1% during the 2nd quarter. Scientech Research LLC now owns 93,861 shares of the textile maker’s stock valued at $1,267,000 after purchasing an additional 64,541 shares during the period. 86.84% of the stock is owned by institutional investors.

About VF

(Get Free Report)

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.

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