BMO Capital Markets raises its price target on VF (NYSE:VFC) to $14.00

VaselineAugust 10, 2024

0 4 minutes read

VF (NYSE:VFC – Free Report) had its price objective raised by BMO Capital Markets from $13.00 to $14.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a market perform rating on the textile maker’s stock.

Several other research firms have also issued reports on VFC. Robert W. Baird cut their price target on shares of VF from $16.00 to $13.00 and set a neutral rating for the company in a research report on Thursday, May 23rd. Evercore ISI boosted their target price on VF from $14.00 to $16.00 and gave the stock an in-line rating in a research report on Wednesday. Barclays upped their target price on VF from $12.00 to $16.00 and gave the company an equal weight rating in a research note on Thursday, July 18th. Stifel Nicolaus reduced their price objective on VF from $22.00 to $19.00 and set a buy rating on the stock in a research note on Thursday, May 23rd. Finally, Citigroup upgraded shares of VF from a neutral rating to a buy rating and lifted their price target for the company from $11.00 to $20.00 in a research note on Thursday, 18 July. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company. VF currently has a consensus rating of Hold and a consensus price target of $15.19, according to MarketBeat.

View the latest stock report on VFC

VF stock down 2.2%

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NYSE:VFC traded down $0.39 on Wednesday, reaching $17.40. The stock had a trading volume of 6,614,098 shares, compared to its average volume of 8,768,965. The company’s fifty-day moving average is $14.62, and its 200-day moving average is $14.51. VF has a 52-week low of $11.00 and a 52-week high of $21.17. The company has a quick ratio of 0.71, a current ratio of 1.22, and a debt-to-equity ratio of 2.84. The company has a market cap of $6.77 billion, a PE ratio of -6.96, a P/E/G ratio of 1.27 and a beta of 1.52.

VF (NYSE:VFC – Get Your Free Report ) last posted its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.04. VF had a positive return on equity of 10.86% and a negative net margin of 11.39%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the company posted ($0.15) earnings per share. The company’s revenue fell 8.9% year over year. On average, equities research analysts expect that VF will post 0.85 EPS for the current fiscal year.

VF announces dividends

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.09 per share. This represents an annualized dividend of $0.36 and a dividend yield of 2.07%. The ex-dividend date of this dividend is Tuesday, September 10th. VF’s dividend payout ratio is currently -14.40%.

Indoor activity

In other VF news, insider Bracken Darrell purchased 75,200 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average cost of $13.26 per share, with a total value of $997,152.00. Following the acquisition, the insider now owns 219,972 shares of the company’s stock, valued at $2,916,828.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In related news, insider Bracken Darrell purchased 75,200 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was purchased at an average price of $13.26 per share, with a total value of $997,152.00. Following the completion of the purchase, the insider now owns 219,972 shares of the company’s stock, valued at approximately $2,916,828.72. The acquisition was disclosed in a legal filing with the SEC, which is accessible via this link. Also, Director Richard Carucci purchased 25,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were acquired at an average cost of $13.78 per share, for a total transaction of $344,500.00. Following the purchase, the director now owns 215,130 shares of the company’s stock, valued at $2,964,491.40. Disclosure for this purchase can be found here. Insiders hold 0.70% of the company’s stock.

Institutional trading of VF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arizona State Retirement System lifted its position in shares of VF by 0.8% in the fourth quarter. Arizona State Retirement System now owns 90,845 shares of the textile maker’s stock worth $1,708,000 after buying an additional 702 shares during the period. International Assets Investment Management LLC grew its position in VF by 1,754.4% during the 4th quarter. International Assets Investment Management LLC now owns 29,393 shares of the textile maker’s stock valued at $553,000 after acquiring an additional 27,808 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of VF by 111.5% in the 4th quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 958 shares during the period. Prime Capital Investment Advisors LLC boosted its stake in shares of VF by 6.8% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 56,617 shares of the textile maker’s stock worth $1,064,000 after bought an additional 3,588 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in VF by 115.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 296,041 shares of the textile maker’s stock valued at $5,599,000 after buying an additional 158,899 shares during the last quarter. 86.84% of shares are currently owned by institutional investors.

About VF

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VF Corporation, together with its subsidiaries, engages in the design, acquisition, marketing and distribution of branded apparel, footwear and lifestyle accessories for men, women and children in the Americas, Europe and Asia-Pacific. It operates through three segments: outdoors, active and work.