V.F. (NYSE:VFC) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Key Points

• Needham & Company LLC has raised the price target of V.F. Corp (NYSE:VFC) from $15.00 to $19.00, indicating a potential upside of 38.78% from its current price and maintaining a "buy" rating.
• V.F. reported a quarterly loss of ($0.24) earnings per share, surpassing analysts' expectations, with revenue of $1.76 billion, although this reflects a 7.3% decline year-over-year.
• Insider buying activity has increased, with notable purchases made by Director Richard Carucci and EVP Abhishek Dalmia, who acquired shares at average prices around $12.05 and $11.78, respectively.

V.F. (NYSE:VFC - Free Report) had its target price lifted by Needham & Company LLC from $15.00 to $19.00 in a research report sent to investors on Wednesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the textile maker's stock.

Other equities analysts have also issued research reports about the company. BNP Paribas reiterated a "neutral" rating on shares of V.F. in a research report on Thursday, May 22nd. Barclays set a $16.00 price objective on V.F. and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Truist Financial reduced their price objective on V.F. from $24.00 to $13.00 and set a "hold" rating for the company in a research note on Thursday, May 22nd. UBS Group increased their price objective on V.F. from $12.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Finally, Robert W. Baird reduced their price objective on V.F. from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $16.04.

V.F. Stock Performance

Shares of NYSE:VFC traded down $0.06 on Wednesday, hitting $11.66. The company's stock had a trading volume of 13,586,900 shares, compared to its average volume of 8,939,854. V.F. has a 12 month low of $9.41 and a 12 month high of $29.02. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of -89.69, a price-to-earnings-growth ratio of 1.39 and a beta of 1.68. The stock's 50-day moving average is $12.35 and its two-hundred day moving average is $15.99. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.80 and a current ratio of 1.27.

V.F. (NYSE:VFC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The textile maker reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.11. V.F. had a positive return on equity of 22.77% and a negative net margin of 0.50%. The business had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.70 billion. During the same quarter last year, the business posted ($0.33) earnings per share. The company's quarterly revenue was down 7.3% on a year-over-year basis. On average, equities research analysts forecast that V.F. will post 0.73 EPS for the current year.

V.F. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Wednesday, September 10th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, September 10th. V.F.'s payout ratio is -276.92%.

Insider Activity at V.F.

In other V.F. news, insider Bracken Darrell bought 85,840 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average price of $11.73 per share, for a total transaction of $1,006,903.20. Following the transaction, the insider directly owned 295,406 shares in the company, valued at approximately $3,465,112.38. This trade represents a 40.96% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Abhishek Dalmia bought 50,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average price of $11.78 per share, for a total transaction of $589,000.00. Following the transaction, the executive vice president owned 380,614 shares in the company, valued at $4,483,632.92. This represents a 15.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 185,840 shares of company stock worth $2,198,403 in the last 90 days. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VFC. Farther Finance Advisors LLC raised its holdings in shares of V.F. by 94.8% in the second 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 last quarter. SG Americas Securities LLC bought a new stake in V.F. in the 1st quarter worth about $350,000. Entropy Technologies LP bought a new stake in V.F. in the 1st quarter worth about $749,000. Amalgamated Bank grew its position in V.F. by 46.2% in the 1st quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock worth $2,365,000 after purchasing an additional 48,151 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of V.F. by 11.1% in the 1st quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker's stock worth $4,306,000 after buying an additional 27,727 shares during the last quarter. Institutional investors own 86.84% of the company's stock.

V.F. Company Profile

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.