V.F. Co. (NYSE:VFC) saw strong trading volume on Friday . 77,002 shares traded hands during trading, a decline of 97% from the previous session’s volume of 2,488,770 shares.The stock last traded at $79.60 and had previously closed at $84.70.
A number of equities research analysts recently issued reports on VFC shares. Cowen increased their price objective on V.F. from $91.00 to $99.00 and gave the stock an “outperform” rating in a research report on Monday, January 25th. They noted that the move was a valuation call. Pivotal Research lifted their price target on V.F. from $94.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, May 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of V.F. from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Thursday, January 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. V.F. has a consensus rating of “Buy” and an average price target of $91.93.
The company has a quick ratio of 2.49, a current ratio of 2.92 and a debt-to-equity ratio of 1.84. The company has a fifty day moving average price of $85.79 and a 200 day moving average price of $83.04. The stock has a market cap of $30.26 billion, a PE ratio of -188.39, a P/E/G ratio of 2.53 and a beta of 1.41.
V.F. (NYSE:VFC) last announced its quarterly earnings results on Friday, May 21st. The textile maker reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.03). V.F. had a positive return on equity of 14.27% and a negative net margin of 1.89%. The company had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the firm earned $0.10 earnings per share. V.F.’s revenue for the quarter was up 22.8% on a year-over-year basis. As a group, research analysts predict that V.F. Co. will post 3.05 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in VFC. Northern Trust Corp lifted its holdings in V.F. by 213.3% in the 4th quarter. Northern Trust Corp now owns 17,002,485 shares of the textile maker’s stock worth $1,452,183,000 after buying an additional 11,575,693 shares during the period. Norges Bank bought a new position in shares of V.F. during the fourth quarter valued at approximately $294,785,000. Capital International Investors boosted its holdings in V.F. by 39.9% in the first quarter. Capital International Investors now owns 8,077,303 shares of the textile maker’s stock valued at $645,541,000 after acquiring an additional 2,304,556 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in V.F. by 37.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,584,584 shares of the textile maker’s stock valued at $647,799,000 after purchasing an additional 2,077,099 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of V.F. by 51.3% in the 1st quarter. JPMorgan Chase & Co. now owns 5,920,759 shares of the textile maker’s stock worth $473,186,000 after purchasing an additional 2,008,218 shares during the period. Hedge funds and other institutional investors own 88.25% of the company’s stock.
About V.F. (NYSE:VFC)
V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through four segments: Outdoor, Active, and Work. The company offers outdoor, merino wool and other natural fibers-based, lifestyle, and casual apparel; equipment; accessories; outdoor lifestyle, performance-based, youth culture/action sports-inspired, and protective work footwear; handbags, luggage, backpacks, totes, and travel accessories; and work and work-inspired lifestyle apparel and footwear.
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