VF (NYSE:VFC) Hits New 1-Year High – Time to Buy?

VF Corporation (NYSE:VFC)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $26.57 and last traded at $26.93, with a volume of 477217 shares trading hands. The stock had previously closed at $25.99.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on VFC shares. Citigroup raised their price target on shares of VF from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. raised their price target on shares of VF from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. OTR Global raised shares of VF from a “mixed” rating to a “positive” rating in a research report on Friday, January 10th. Telsey Advisory Group reiterated a “market perform” rating and set a $21.00 price objective on shares of VF in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company lowered shares of VF from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $16.00 to $15.00 in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.63.

VF Trading Up 2.2 %

The company has a market cap of $10.34 billion, a P/E ratio of -15.33, a PEG ratio of 9.74 and a beta of 1.45. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86. The business has a 50 day moving average price of $21.84 and a 200-day moving average price of $19.52.

VF (NYSE:VFC) last posted its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.19. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. The firm’s revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 EPS. Analysts forecast that VF Corporation will post 0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VFC. American Century Companies Inc. increased its holdings in shares of VF by 22.3% during the 2nd quarter. American Century Companies Inc. now owns 88,093 shares of the textile maker’s stock worth $1,189,000 after acquiring an additional 16,041 shares during the last quarter. Sei Investments Co. increased its holdings in shares of VF by 26.7% during the 2nd quarter. Sei Investments Co. now owns 207,120 shares of the textile maker’s stock worth $2,796,000 after acquiring an additional 43,697 shares during the last quarter. Bank of Montreal Can grew its holdings in VF by 127.6% in the 2nd quarter. Bank of Montreal Can now owns 62,046 shares of the textile maker’s stock valued at $878,000 after buying an additional 286,878 shares in the last quarter. Algert Global LLC acquired a new position in VF in the 2nd quarter valued at $449,000. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in VF by 90.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock valued at $2,737,000 after buying an additional 96,442 shares in the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

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.