V.F. (NYSE:VFC) Receives “Hold” Rating from Deutsche Bank Aktiengesellschaft

V.F. (NYSE:VFC)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank Aktiengesellschaft in a report issued on Thursday, Benzinga reports. They currently have a $14.00 target price on the textile maker’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 8.57% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of V.F. from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Stifel Nicolaus lowered their price objective on V.F. from $19.00 to $17.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Telsey Advisory Group cut their price objective on V.F. from $20.00 to $17.00 and set a “market perform” rating on the stock in a research note on Thursday, July 30th. Wall Street Zen cut V.F. from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Evercore set a $16.00 price target on V.F. in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.42.

V.F. Stock Up 1.3%

Shares of V.F. stock traded up $0.17 during trading on Thursday, hitting $12.89. 661,259 shares of the stock traded hands, compared to its average volume of 7,125,076. The stock has a market cap of $5.07 billion, a P/E ratio of 18.64, a PEG ratio of 0.91 and a beta of 1.57. The company has a fifty day moving average price of $14.85 and a two-hundred day moving average price of $16.59. V.F. has a twelve month low of $12.45 and a twelve month high of $22.27. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.78 and a current ratio of 1.43.

V.F. (NYSE:VFC) last released its quarterly earnings data on Wednesday, July 29th. The textile maker reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. V.F. had a return on equity of 18.91% and a net margin of 2.88%.The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.24) EPS. Equities research analysts predict that V.F. will post 1.08 EPS for the current fiscal year.

Insider Activity at V.F.

In other V.F. news, Director Richard Carucci bought 20,000 shares of the stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $14.73 per share, with a total value of $294,600.00. Following the acquisition, the director directly owned 356,215 shares of the company’s stock, valued at $5,247,046.95. This represents a 5.95% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Bracken Darrell purchased 32,894 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were acquired at an average price of $14.98 per share, with a total value of $492,752.12. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.54% of the stock is owned by corporate insiders.

Institutional Trading of V.F.

Hedge funds have recently bought and sold shares of the stock. Varenne Capital Partners acquired a new stake in V.F. during the second quarter worth about $13,671,000. Madison Asset Management LLC acquired a new position in V.F. in the 2nd quarter valued at approximately $3,913,000. Hillsdale Investment Management Inc. acquired a new position in V.F. in the 1st quarter valued at approximately $3,209,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of V.F. in the 2nd quarter worth approximately $2,457,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of V.F. during the 2nd quarter worth approximately $42,038,000. 86.84% of the stock is owned by institutional investors.

About V.F.

V.F. Corporation, also known as VF Corporation, is a global apparel, footwear and accessories company. Its portfolio includes recognized outdoor, active, workwear and lifestyle brands such as The North Face, Vans, Timberland, Dickies, JanSport and Eastpak.

The company develops, markets and distributes products including jackets, outdoor and performance apparel, footwear, backpacks, luggage and workwear. Its brands serve consumers through wholesale partners, company-operated and franchised stores, and e-commerce platforms.

Founded in 1899 as the Reading Glove and Mitten Company, the business later adopted the name Vanity Fair Mills and became VF Corporation.