Robert W. Baird Increases VF (NYSE:VFC) Price Target to $28.00

VF (NYSE:VFC) had its price target lifted by equities research analysts at Robert W. Baird from $23.00 to $28.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the textile maker’s stock. Robert W. Baird’s price target indicates a potential upside of 5.27% from the company’s current price.

Several other equities analysts also recently weighed in on VFC. TD Cowen raised their price target on shares of VF from $16.00 to $19.00 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. Wells Fargo & Company cut VF from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $16.00 to $15.00 in a report on Monday, October 14th. StockNews.com raised VF from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. Truist Financial reiterated a “hold” rating and set a $24.00 price target (up previously from $20.00) on shares of VF in a report on Thursday. Finally, Citigroup upped their price objective on shares of VF from $20.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $21.00.

VF Price Performance

VFC traded up $1.04 during trading on Thursday, hitting $26.60. The company’s stock had a trading volume of 3,425,064 shares, compared to its average volume of 6,600,919. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of -15.37, a P/E/G ratio of 9.74 and a beta of 1.45. VF has a twelve month low of $11.00 and a twelve month high of $29.02. The business’s fifty day simple moving average is $22.12 and its 200 day simple moving average is $19.65. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86.

VF (NYSE:VFC) last posted its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.28. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. During the same quarter in the prior year, the business earned $0.57 EPS. On average, equities research analysts forecast that VF will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On VF

Hedge funds and other institutional investors have recently made changes to their positions in the business. CKW Financial Group boosted its holdings in shares of VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 500 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of VF by 5.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after acquiring an additional 1,217 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of VF in the third quarter valued at about $40,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of VF by 100.0% during the fourth 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 during the period. Finally, GAMMA Investing LLC lifted its position in VF by 44.7% in the third quarter. GAMMA Investing LLC now owns 27,906 shares of the textile maker’s stock valued at $557,000 after purchasing an additional 8,615 shares during the period. 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.