Wells Fargo & Company Forecasts Strong Price Appreciation for VF (NYSE:VFC) Stock

VF (NYSE:VFC) had its price objective lifted by Wells Fargo & Company from $17.00 to $21.00 in a research report report published on Thursday,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the textile maker’s stock.

A number of other analysts also recently weighed in on VFC. Barclays increased their price target on VF from $29.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday. UBS Group raised their target price on VF from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday. Argus raised VF from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, December 17th. Stifel Nicolaus raised their price objective on shares of VF from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of VF from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, VF has a consensus rating of “Hold” and a consensus price target of $22.47.

VF Trading Up 5.2 %

Shares of VFC stock opened at $26.88 on Thursday. VF has a 1-year low of $11.00 and a 1-year high of $29.02. 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 stock has a 50-day moving average of $22.12 and a 200-day moving average of $19.65.

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 15.35%. During the same quarter in the prior year, the firm posted $0.57 earnings per share. As a group, analysts expect that VF will post 0.48 earnings per share for the current year.

VF Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Monday, March 10th. VF’s payout ratio is currently -30.25%.

Hedge Funds Weigh In On VF

A number of hedge funds have recently bought and sold shares of the company. CKW Financial Group boosted its holdings in VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares during the last quarter. TB Alternative Assets Ltd. purchased a new position in shares of VF in the 4th quarter worth approximately $1,878,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 in the last quarter. Fiduciary Alliance LLC increased its position in shares of 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 acquiring an additional 16,431 shares during the last quarter. Finally, Segall Bryant & Hamill LLC lifted its holdings in VF by 1.8% during the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after acquiring an additional 65,919 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.