VF (NYSE:VFC) Earns Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of VF (NYSE:VFC) in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a $19.00 target price on the textile maker’s stock.

Several other research firms have also recently weighed in on VFC. Evercore ISI upped their price target on shares of VF from $14.00 to $16.00 and gave the stock an “in-line” rating in a report on Wednesday, August 7th. Barclays raised VF from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $19.00 to $22.00 in a report on Wednesday, September 18th. Jefferies Financial Group began coverage on VF in a report on Friday, September 27th. They set a “hold” rating and a $20.00 price objective for the company. Wedbush reaffirmed a “neutral” rating and issued a $13.00 target price on shares of VF in a research note on Monday, August 5th. Finally, Wells Fargo & Company cut shares of VF from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $16.00 to $15.00 in a research note on Monday, October 14th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.24.

VF Stock Performance

NYSE:VFC opened at $17.18 on Wednesday. The business’s fifty day moving average is $18.54 and its 200 day moving average is $15.50. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of -6.87, a PEG ratio of 2.19 and a beta of 1.53. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. VF has a 52-week low of $11.00 and a 52-week high of $21.40.

VF (NYSE:VFC) last announced its quarterly earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.04. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.85 billion. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The company’s revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.15) earnings per share. Research analysts predict that VF will post 0.73 EPS for the current year.

VF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.10%. The ex-dividend date was Tuesday, September 10th. VF’s dividend payout ratio is presently -14.40%.

Insiders Place Their Bets

In related news, Director Richard Carucci acquired 15,000 shares of the company’s stock in a transaction dated 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 completion of the purchase, the director now owns 230,178 shares in the company, valued at $3,843,972.60. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On VF

Several institutional investors have recently added to or reduced their stakes in VFC. Mather Group LLC. bought a new position in shares of VF during the first quarter valued at about $27,000. Future Financial Wealth Managment LLC purchased a new position in VF during the 1st quarter valued at about $31,000. Fiduciary Alliance LLC bought a new position in VF during the 1st quarter valued at approximately $2,002,000. Norden Group LLC purchased a new stake in VF in the 1st quarter worth approximately $268,000. Finally, Legacy Wealth Asset Management LLC grew its position in shares of VF by 5.4% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 55,729 shares of the textile maker’s stock worth $855,000 after buying an additional 2,880 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

About VF

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.