VF (VFC) Coverage Initiated at UBS Group

Stock analysts at UBS Group began coverage on shares of VF (NYSE:VFC) in a note issued to investors on Thursday, The Fly reports. The brokerage set a “neutral” rating on the textile maker’s stock.

A number of other equities analysts have also recently issued reports on VFC. TheStreet raised shares of VF from a “c+” rating to a “b+” rating in a report on Friday, May 4th. Robert W. Baird raised their target price on shares of VF to $88.00 and gave the stock an “outperform” rating in a report on Monday, May 7th. DA Davidson reissued a “hold” rating on shares of VF in a report on Monday, May 7th. Pivotal Research reissued a “hold” rating and issued a $82.00 target price on shares of VF in a report on Monday, May 7th. Finally, Argus assumed coverage on VF in a report on Monday, May 21st. They set a “buy” rating and a $101.00 price target on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $79.95.

Shares of NYSE VFC opened at $83.19 on Thursday. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 0.60. VF has a 52-week low of $54.67 and a 52-week high of $85.15. The stock has a market capitalization of $33.10 billion, a price-to-earnings ratio of 27.92, a price-to-earnings-growth ratio of 2.38 and a beta of 0.90.

VF (NYSE:VFC) last issued its earnings results on Friday, May 4th. The textile maker reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.02. VF had a net margin of 5.24% and a return on equity of 34.05%. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter last year, the company posted $0.52 earnings per share. VF’s revenue was up 21.8% on a year-over-year basis. analysts anticipate that VF will post 3.53 EPS for the current fiscal year.

In related news, VP Kevin Bailey sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $77.42, for a total transaction of $1,161,300.00. Following the sale, the vice president now owns 54,571 shares of the company’s stock, valued at $4,224,886.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Juliana L. Chugg sold 25,540 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $79.00, for a total value of $2,017,660.00. Following the sale, the director now directly owns 51,802 shares in the company, valued at approximately $4,092,358. The disclosure for this sale can be found here. In the last three months, insiders have sold 220,900 shares of company stock worth $17,948,688. 1.72% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Private Capital Group LLC raised its holdings in VF by 5,303.7% during the first quarter. Private Capital Group LLC now owns 1,459 shares of the textile maker’s stock worth $108,000 after purchasing an additional 1,432 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in VF by 179.8% during the first quarter. Moneta Group Investment Advisors LLC now owns 1,480 shares of the textile maker’s stock worth $110,000 after purchasing an additional 951 shares in the last quarter. Focused Wealth Management Inc raised its holdings in VF by 437.5% during the first quarter. Focused Wealth Management Inc now owns 2,150 shares of the textile maker’s stock worth $159,000 after purchasing an additional 1,750 shares in the last quarter. Silvant Capital Management LLC bought a new stake in VF during the first quarter worth approximately $192,000. Finally, Weik Capital Management bought a new stake in VF during the first quarter worth approximately $200,000.

About VF

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 & Action Sports, Jeanswear, Imagewear, and Other.

The Fly

Analyst Recommendations for VF (NYSE:VFC)

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