VF (NYSE:VFC) Price Target Raised to $23.00 at JPMorgan Chase & Co.

VF (NYSE:VFC) had its target price lifted by stock analysts at JPMorgan Chase & Co. from $20.00 to $23.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the textile maker’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 0.39% from the company’s previous close.

A number of other research analysts also recently weighed in on the company. TD Cowen raised their price objective on VF from $16.00 to $19.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Argus raised VF from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, December 17th. StockNews.com raised VF from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. Truist Financial began coverage on VF in a report on Thursday, December 5th. They issued a “hold” rating and a $20.00 target price on the stock. Finally, Robert W. Baird raised their target price on VF from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.42.

VF Stock Up 0.0 %

VFC opened at $23.09 on Thursday. VF has a fifty-two week low of $11.00 and a fifty-two week high of $23.87. The business has a 50-day moving average of $21.09 and a 200-day moving average of $18.78. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. The company has a market capitalization of $8.99 billion, a PE ratio of -13.35, a price-to-earnings-growth ratio of 8.84 and a beta of 1.45.

VF (NYSE:VFC) last posted its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.19. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same period last year, the business earned $0.63 EPS. The business’s quarterly revenue was down 5.6% on a year-over-year basis. Equities research analysts forecast that VF will post 0.48 EPS for the current fiscal year.

Institutional Trading of VF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. raised its stake in VF by 28.0% in the second quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock valued at $159,609,000 after buying an additional 2,589,852 shares during the period. Dimensional Fund Advisors LP raised its stake in VF by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,125,417 shares of the textile maker’s stock valued at $55,694,000 after buying an additional 113,128 shares during the period. Segall Bryant & Hamill LLC raised its stake in VF by 1.8% in the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock valued at $73,084,000 after buying an additional 65,919 shares during the period. Deprince Race & Zollo Inc. raised its stake in VF by 28.3% in the second quarter. Deprince Race & Zollo Inc. now owns 3,057,884 shares of the textile maker’s stock valued at $41,281,000 after buying an additional 673,979 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in VF by 1,365.2% in the second quarter. Public Sector Pension Investment Board now owns 727,148 shares of the textile maker’s stock valued at $9,816,000 after buying an additional 677,519 shares during the period. Institutional investors own 86.84% of the company’s stock.

About VF

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.