VF’s (VFC) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

VF (NYSE:VFC)‘s stock had its “market perform” rating reiterated by research analysts at Telsey Advisory Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $21.00 price objective on the textile maker’s stock. Telsey Advisory Group’s price target would indicate a potential downside of 15.37% from the company’s previous close.

Several other equities analysts have also weighed in on VFC. TD Cowen raised their price objective on shares of VF from $16.00 to $19.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th. Barclays boosted their price target on VF from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Truist Financial assumed coverage on shares of VF in a research report on Thursday, December 5th. They set a “hold” rating and a $20.00 target price on the stock. OTR Global raised VF from a “mixed” rating to a “positive” rating in a report on Friday, January 10th. Finally, The Goldman Sachs Group initiated coverage on VF in a report on Friday, October 11th. They issued a “neutral” rating and a $20.00 target price for the company. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, VF has an average rating of “Hold” and a consensus price target of $19.63.

VF Trading Up 4.8 %

VF stock opened at $24.82 on Wednesday. The company has a 50 day moving average price of $21.29 and a 200 day moving average price of $19.08. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.88 and a current ratio of 1.30. VF has a 52 week low of $11.00 and a 52 week high of $24.95. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of -14.34, a P/E/G ratio of 9.18 and a beta of 1.45.

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

Institutional Investors Weigh In On VF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. lifted its stake in shares of VF by 22.3% in the 2nd quarter. American Century Companies Inc. now owns 88,093 shares of the textile maker’s stock valued at $1,189,000 after purchasing an additional 16,041 shares during the period. Dimensional Fund Advisors LP increased its holdings in VF by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,125,417 shares of the textile maker’s stock valued at $55,694,000 after purchasing an additional 113,128 shares during the last quarter. Amalgamated Bank lifted its stake in VF by 114.9% in the second quarter. Amalgamated Bank now owns 151,153 shares of the textile maker’s stock valued at $2,041,000 after buying an additional 80,806 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in VF by 37.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,072 shares of the textile maker’s stock worth $365,000 after buying an additional 7,380 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of VF by 14.7% during the 2nd quarter. Hsbc Holdings PLC now owns 415,433 shares of the textile maker’s stock worth $5,579,000 after buying an additional 53,133 shares during the period. Institutional investors own 86.84% of the company’s stock.

VF 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.