JPMorgan Chase & Co. Issues Positive Forecast for V.F. (NYSE:VFC) Stock Price

V.F. (NYSE:VFC) had its target price upped by JPMorgan Chase & Co. from $17.00 to $19.00 in a report published on Monday,Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

VFC has been the subject of a number of other research reports. Wall Street Zen raised shares of V.F. from a “hold” rating to a “buy” rating in a research report on Saturday. Guggenheim initiated coverage on shares of V.F. in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Wells Fargo & Company boosted their target price on shares of V.F. from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 16th. Telsey Advisory Group set a $20.00 price target on shares of V.F. in a research report on Thursday. Finally, UBS Group reissued a “neutral” rating and issued a $20.00 price objective on shares of V.F. in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.22.

V.F. Stock Up 4.7%

Shares of V.F. stock opened at $20.50 on Monday. V.F. has a 1-year low of $9.41 and a 1-year high of $26.69. The company has a market capitalization of $8.02 billion, a PE ratio of 37.28, a P/E/G ratio of 1.38 and a beta of 1.65. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.55 and a quick ratio of 1.03. The business has a 50-day moving average of $18.87 and a 200-day moving average of $15.82.

V.F. (NYSE:VFC) last released its quarterly earnings results on Wednesday, January 28th. The textile maker reported $0.58 EPS for the quarter, topping the consensus estimate of $0.43 by $0.15. V.F. had a return on equity of 19.08% and a net margin of 2.33%.The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. As a group, equities analysts forecast that V.F. will post 0.73 EPS for the current fiscal year.

V.F. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.8%. V.F.’s dividend payout ratio is 65.45%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VFC. EverSource Wealth Advisors LLC increased its position in V.F. by 59.7% in the third quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock worth $40,000 after buying an additional 1,027 shares during the period. Rexford Capital Inc. acquired a new stake in shares of V.F. in the 2nd quarter worth about $48,000. Rothschild Investment LLC lifted its position in V.F. by 705.8% in the 3rd quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 3,282 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in V.F. by 94.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,975 shares of the textile maker’s stock valued at $58,000 after purchasing an additional 2,421 shares during the period. Finally, Global Wealth Strategies & Associates acquired a new position in V.F. during the 3rd quarter valued at about $82,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

About V.F.

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.