VF (NYSE:VFC) PT Raised to $17.00 at JPMorgan Chase & Co.

VF (NYSE:VFC) had its target price boosted by JPMorgan Chase & Co. from $16.00 to $17.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the textile maker’s stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 19.58% from the company’s current price.

A number of other equities analysts have also weighed in on VFC. UBS Group upped their price objective on VF from $12.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Argus upgraded VF to a “hold” rating in a research report on Wednesday, August 28th. BMO Capital Markets boosted their target price on VF from $13.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. Citigroup upgraded VF from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $11.00 to $20.00 in a research report on Thursday, July 18th. Finally, Wedbush reiterated a “neutral” rating and issued a $13.00 target price on shares of VF in a research report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, VF currently has a consensus rating of “Hold” and an average target price of $17.76.

VF Stock Performance

Shares of VFC traded up $4.11 during trading hours on Tuesday, hitting $21.14. The stock had a trading volume of 11,624,722 shares, compared to its average volume of 8,214,945. The stock has a fifty day moving average price of $18.52 and a 200 day moving average price of $15.58. VF has a 12 month low of $11.00 and a 12 month high of $21.93. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.99 and a quick ratio of 0.51. The firm has a market capitalization of $8.23 billion, a PE ratio of -7.03, a PEG ratio of 3.27 and a beta of 1.53.

VF (NYSE:VFC) last released its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.19. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.72 billion. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. VF’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 earnings per share. Analysts anticipate that VF will post 0.6 EPS for the current year.

Insider Buying and Selling

In other news, Director Richard Carucci acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were bought at an average price of $16.70 per share, with a total value of $250,500.00. Following the completion of the purchase, the director now directly owns 230,178 shares in the company, valued at $3,843,972.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by insiders.

Institutional Trading of VF

Several hedge funds and other institutional investors have recently bought and sold shares of VFC. M&G Plc bought a new stake in VF during the 1st quarter valued at $200,768,000. Pacer Advisors Inc. lifted its holdings in shares of VF by 28.0% during the 2nd quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock valued at $159,609,000 after purchasing an additional 2,589,852 shares during the last quarter. Capital World Investors purchased a new stake in shares of VF during the 1st quarter valued at $30,527,000. Principal Financial Group Inc. lifted its holdings in shares of VF by 328.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock valued at $21,922,000 after purchasing an additional 1,244,448 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in shares of VF by 1,365.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 727,148 shares of the textile maker’s stock valued at $9,816,000 after purchasing an additional 677,519 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

VF Company Profile

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.