VF’s (VFC) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of VF (NYSE:VFC) in a research report released on Friday,Benzinga reports. Needham & Company LLC currently has a $28.00 price objective on the textile maker’s stock.

VFC has been the topic of a number of other research reports. Jefferies Financial Group lifted their price target on shares of VF from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. UBS Group lifted their price target on shares of VF from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Argus raised shares of VF from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, December 17th. Truist Financial reissued a “hold” rating and issued a $24.00 price objective (up previously from $20.00) on shares of VF in a research report on Thursday, January 30th. Finally, Barclays boosted their price objective on shares of VF from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $22.90.

VF Stock Down 7.0 %

VF stock opened at $19.13 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00. VF has a fifty-two week low of $11.00 and a fifty-two week high of $29.02. The company’s 50 day simple moving average is $24.02 and its 200 day simple moving average is $21.23. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of -16.07, a PEG ratio of 6.77 and a beta of 1.46.

VF (NYSE:VFC) last announced its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. During the same period last year, the company earned $0.57 EPS. As a group, sell-side analysts anticipate that VF will post 0.73 EPS for the current year.

VF Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be issued a $0.09 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.88%. VF’s dividend payout ratio is currently -30.25%.

Hedge Funds Weigh In On VF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Segall Bryant & Hamill LLC increased its holdings in shares of VF by 5.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock valued at $83,153,000 after purchasing an additional 211,440 shares during the last quarter. Fiduciary Alliance LLC increased its holdings in shares of VF by 6.8% in the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after purchasing an additional 16,431 shares during the last quarter. TB Alternative Assets Ltd. bought a new stake in shares of VF in the fourth quarter valued at about $1,878,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of VF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after acquiring an additional 3,008 shares during the period. Finally, CKW Financial Group boosted its position 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. 86.84% of the stock is currently owned by institutional investors and hedge funds.

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.