V.F. (NYSE:VFC) Given New $16.00 Price Target at Robert W. Baird

Key Points

• Robert W. Baird raised V.F.’s price target to $16 from $15 while maintaining a “neutral” rating, implying 7.11% downside from the referenced $17.22 share price. Analysts overall have a consensus “Hold” rating and an average target of $18.28.
• V.F. exceeded quarterly expectations, reporting adjusted EPS of $0.70 versus the $0.54 consensus and revenue of $2.70 billion versus $2.66 billion expected. However, revenue declined 3.8% year over year, with Vans remaining a key weakness.
• Insiders purchased shares, including 32,894 shares bought by Bracken Darrell and 20,000 shares by director Richard Carucci. Institutional investors own 86.84% of the company, with several firms recently increasing their positions.

V.F. (NYSE:VFC - Get Free Report) had its price target raised by investment analysts at Robert W. Baird from $15.00 to $16.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a "neutral" rating on the textile maker's stock. Robert W. Baird's price target would suggest a potential downside of 7.11% from the stock's current price.

Several other research firms have also commented on VFC. Barclays upped their price target on shares of V.F. from $23.00 to $24.00 and gave the company an "overweight" rating in a report on Monday, October 12th. Evercore set a $16.00 price target on V.F. in a report on Thursday, July 30th. Truist Financial set a $20.00 target price on shares of V.F. and gave the company a "buy" rating in a report on Tuesday, October 13th. Needham & Company LLC restated a "buy" rating and set a $21.00 price target on shares of V.F. in a research report on Monday. Finally, Piper Sandler upgraded shares of V.F. from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $16.00 to $20.00 in a research report on Tuesday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $18.28.

V.F. Stock Performance

Shares of VFC opened at $17.22 on Thursday. The company has a current ratio of 1.43, a quick ratio of 0.78 and a debt-to-equity ratio of 1.70. The firm has a market cap of $6.77 billion, a PE ratio of 24.96, a P/E/G ratio of 0.90 and a beta of 1.56. V.F. has a 12 month low of $12.45 and a 12 month high of $22.27. The stock has a fifty day moving average price of $14.53 and a 200-day moving average price of $16.97.

V.F. (NYSE:VFC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The textile maker reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.16. V.F. had a net margin of 2.88% and a return on equity of 18.91%. The business had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.66 billion. During the same quarter last year, the company posted $0.52 earnings per share. The business's quarterly revenue was down 3.8% on a year-over-year basis. Equities research analysts predict that V.F. will post 1.10 earnings per share for the current fiscal year.

Insider Buying and Selling at V.F.

In related news, insider Bracken Darrell acquired 32,894 shares of V.F. stock in a transaction on Friday, July 31st. The stock was bought at an average cost of $14.98 per share, for a total transaction of $492,752.12. Following the completion of the transaction, the insider owned 1,402,109 shares of the company's stock, valued at approximately $21,003,592.82. The trade was a 2.40% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard Carucci acquired 20,000 shares of the firm's stock in a transaction on Thursday, August 13th. The shares were bought at an average cost of $14.73 per share, for a total transaction of $294,600.00. Following the completion of the acquisition, the director owned 356,215 shares of the company's stock, valued at approximately $5,247,046.95. This represents a 5.95% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new stake in V.F. during the second quarter worth about $42,038,000. Squarepoint Ops LLC boosted its stake in V.F. by 298.1% during the second quarter. Squarepoint Ops LLC now owns 1,782,904 shares of the textile maker's stock worth $29,739,000 after buying an additional 1,335,057 shares during the period. Varenne Capital Partners purchased a new stake in shares of V.F. in the 2nd quarter valued at approximately $13,671,000. Assenagon Asset Management S.A. boosted its position in shares of V.F. by 242.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 765,146 shares of the textile maker's stock worth $10,758,000 after purchasing an additional 541,627 shares during the period. Finally, Compass Wealth Management LLC increased its holdings in V.F. by 8.1% in the 3rd quarter. Compass Wealth Management LLC now owns 683,925 shares of the textile maker's stock valued at $9,616,000 after purchasing an additional 51,483 shares during the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about V.F.

Here are the key news stories impacting V.F. this week:

• Positive Sentiment: V.F. reported adjusted EPS of $0.70, well above the $0.54 analyst consensus, while revenue of approximately $2.70 billion also exceeded expectations. Net income rose to $285.3 million from $189.8 million a year earlier, aided by improved margins. V.F. Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: The North Face, Timberland, and Altra provided the main growth engines, with North Face and Timberland revenue each increasing 4%. Direct-to-consumer revenue also grew 1%, and Vans direct-to-consumer sales reportedly increased for the first time in five years. VF Corp. Beats the Street in Q2
• Positive Sentiment: Management reaffirmed fiscal 2027 guidance for constant-currency revenue growth of at least 2% and an adjusted operating margin of approximately 8%, reducing concerns about another outlook cut. BTIG Research also maintained its Buy rating and set a $23 price target, implying substantial upside from the referenced price. V.F. Reaffirms Outlook and Dividend
• Positive Sentiment: V.F. declared a quarterly dividend of $0.09 per share, equal to $0.36 annually and a yield of roughly 2.1%. The dividend is payable December 17 to shareholders of record December 10. Recent insider purchases may also reinforce management’s confidence in the turnaround. VF Q2 Net Income Rises
• Negative Sentiment: Revenue still declined 3.8% year over year, and Vans revenue fell 10% to $547.6 million. Wholesale revenue dropped 6%, showing that the recovery remains uneven despite progress in selected brands. V.F. Corp Beats Estimates as Vans Weakness Continues

V.F. Company Profile

V.F. Corporation, commonly known as VF Corporation, is a global apparel, footwear and accessories company. Its brand portfolio includes The North Face, Vans, Timberland, Dickies, JanSport, Smartwool, Icebreaker, Kipling, Eastpak and Napapijri. These brands serve outdoor, active, workwear, lifestyle and youth-oriented markets.

VF sells products through wholesale partners, company-operated retail stores, brand websites and other digital channels. Its offerings include jackets, outdoor and performance apparel, footwear, backpacks, luggage and workwear.

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