VF (NYSE:VFC) Earns Neutral Rating from Piper Sandler

VF (NYSE:VFC)‘s stock had its “neutral” rating restated by investment analysts at Piper Sandler in a report released on Thursday, Marketbeat Ratings reports. They currently have a $18.00 price target on the textile maker’s stock. Piper Sandler’s price objective would indicate a potential upside of 14.59% from the company’s current price.

Several other equities research analysts also recently issued reports on VFC. The Goldman Sachs Group increased their target price on VF from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Argus raised VF from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, December 17th. Robert W. Baird lifted their target price on VF from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. UBS Group upped their price target on VF from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Finally, Guggenheim raised their price objective on shares of VF from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.67.

VF Stock Performance

Shares of VF stock opened at $15.71 on Thursday. The firm has a market capitalization of $6.12 billion, a P/E ratio of -13.20, a price-to-earnings-growth ratio of 6.77 and a beta of 1.46. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31. The business’s fifty day simple moving average is $22.32 and its 200 day simple moving average is $21.04. VF has a 12 month low of $11.00 and a 12 month high of $29.02.

VF (NYSE:VFC) last released its 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 quarter in the prior year, the company posted $0.57 earnings per share. As a group, analysts anticipate that VF will post 0.73 EPS for the current year.

Hedge Funds Weigh In On VF

A number of institutional investors have recently modified their holdings of the stock. TB Alternative Assets Ltd. purchased a new stake in VF in the fourth quarter worth about $1,878,000. Segall Bryant & Hamill LLC raised its holdings in shares of VF by 5.8% in the 4th 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of 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 purchasing an additional 3,008 shares during the period. CKW Financial Group boosted its stake in shares of VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 500 shares in the last quarter. Finally, Fiduciary Alliance LLC increased its holdings in VF by 6.8% during the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after buying an additional 16,431 shares during the period. 86.84% of the stock is owned by hedge funds and other institutional investors.

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.