Janney Montgomery Scott Upgrades V.F. to Buy (VFC)
V.F. (NYSE: VFC) was upgraded by equities research analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a $160.00 price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at UBS AG (NYSE: UBS) reiterated a “buy” rating on shares of V.F. in a research note to investors on Monday, April 30th. Separately, analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of V.F. to $180.00 in a research note to investors on Monday, April 30th. They now have an “overweight” rating on the stock. Finally, analysts at Bank of America (NYSE: BAC) raised their price target on shares of V.F. from $160.00 to $170.00 in a research note to investors on Sunday, April 29th. They now have a “buy” rating on the stock.
V.F. traded down 1.72% on Tuesday, hitting $137.11. V.F. has a 52-week low of $91.60 and a 52-week high of $156.15. The company has a market cap of $15.022 billion and a price-to-earnings ratio of 17.30.
V.F. last posted its quarterly earnings results on Friday, April 27th. The company reported $1.94 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.87 by $0.07. V.F.’s revenue was up 30.5% compared to the same quarter last year. Analysts expect that V.F. will post $3.57 EPS next quarter.
V.F. Corporation (VF) is a global apparel company based in the United States. VF designs and manufactures or sources from independent contractors a variety of apparel and footwear for all ages.