VF (NYSE:VFC) Given New $21.00 Price Target at Telsey Advisory Group

VF (NYSE:VFC) had its target price lifted by Telsey Advisory Group from $19.00 to $21.00 in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. Telsey Advisory Group currently has a market perform rating on the textile maker’s stock.

Several other brokerages have also recently commented on VFC. StockNews.com upgraded VF from a “sell” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus upped their target price on shares of VF from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, October 14th. UBS Group raised their price target on shares of VF from $12.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Argus raised shares of VF to a “hold” rating in a research note on Wednesday, August 28th. Finally, TD Cowen raised their target price on shares of VF from $9.00 to $16.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, VF currently has a consensus rating of “Hold” and an average target price of $18.18.

VF Stock Performance

NYSE:VFC opened at $21.62 on Tuesday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. The stock has a market capitalization of $8.41 billion, a PE ratio of -7.16, a P/E/G ratio of 3.27 and a beta of 1.53. VF has a fifty-two week low of $11.00 and a fifty-two week high of $21.93. The company has a fifty day moving average of $18.62 and a two-hundred day moving average of $15.64.

VF (NYSE:VFC) last released its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.19. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. As a group, research analysts forecast that VF will post 0.6 earnings per share for the current fiscal year.

VF Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.67%. VF’s dividend payout ratio (DPR) is presently -11.92%.

Insider Activity

In related news, Director Richard Carucci acquired 15,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was purchased at an average price of $16.70 per share, with a total value of $250,500.00. Following the transaction, the director now owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On VF

Institutional investors have recently modified their holdings of the company. Arkadios Wealth Advisors boosted its holdings in VF by 5.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock valued at $481,000 after acquiring an additional 1,217 shares during the period. Fiduciary Alliance LLC boosted its stake in shares of VF by 18.9% in the third quarter. Fiduciary Alliance LLC now owns 240,100 shares of the textile maker’s stock valued at $4,790,000 after purchasing an additional 38,088 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of VF in the third quarter valued at approximately $40,000. GAMMA Investing LLC increased its stake in VF by 44.7% during the 3rd quarter. GAMMA Investing LLC now owns 27,906 shares of the textile maker’s stock worth $557,000 after buying an additional 8,615 shares during the period. Finally, Handelsbanken Fonder AB lifted its holdings in VF by 40.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 107,700 shares of the textile maker’s stock worth $2,149,000 after buying an additional 30,800 shares in the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

VF Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.