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

VF (NYSE:VFC) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from $20.00 to $23.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the textile maker’s stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 0.39% from the stock’s current price.

Other research analysts have also issued reports about the company. Barclays raised their price target on VF from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. OTR Global raised VF from a “mixed” rating to a “positive” rating in a report on Friday, January 10th. Wells Fargo & Company lowered VF from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $16.00 to $15.00 in a report on Monday, October 14th. Telsey Advisory Group raised their price target on VF from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, Jefferies Financial Group started coverage on VF in a report on Friday, September 27th. They set a “hold” rating and a $20.00 price target on the stock. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.42.

VF Price Performance

Shares of NYSE VFC opened at $23.09 on Thursday. VF has a 1-year low of $11.00 and a 1-year high of $23.87. 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 business’s fifty day moving average price is $21.09 and its two-hundred day moving average price is $18.78. The firm has a market capitalization of $8.99 billion, a PE ratio of -13.35, a P/E/G ratio of 8.84 and a beta of 1.45.

VF (NYSE:VFC) last issued its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period last year, the company earned $0.63 earnings per share. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, research analysts expect that VF will post 0.48 EPS for the current year.

Hedge Funds Weigh In On VF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Future Financial Wealth Managment LLC acquired a new position in shares of VF in the 3rd quarter valued at $40,000. Abich Financial Wealth Management LLC purchased a new stake in VF in the 2nd quarter worth about $60,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in VF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after acquiring an additional 3,008 shares in the last quarter. Legacy Financial Advisors Inc. purchased a new stake in VF in the 2nd quarter worth about $158,000. Finally, Quent Capital LLC lifted its stake in VF by 1,917.1% in the 3rd quarter. Quent Capital LLC now owns 12,627 shares of the textile maker’s stock worth $247,000 after acquiring an additional 12,001 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

VF Company Profile

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.