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

VF (NYSE:VFC)‘s stock had its “market perform” rating reiterated by equities researchers at Telsey Advisory Group in a research note issued to 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 suggests a potential downside of 18.08% from the stock’s current price.

VFC has been the subject of several other reports. StockNews.com raised VF from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Truist Financial began coverage on VF in a research report on Thursday, December 5th. They issued a “hold” rating and a $20.00 target price for the company. Jefferies Financial Group began coverage on VF in a research report on Friday, September 27th. They set a “hold” rating and a $20.00 price objective for the company. OTR Global raised VF from a “mixed” rating to a “positive” rating in a research report on Friday, January 10th. Finally, Barclays boosted their price objective on VF from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $19.63.

VF Stock Up 2.1 %

Shares of VFC opened at $25.64 on Wednesday. The firm has a market cap of $9.98 billion, a P/E ratio of -14.82, a price-to-earnings-growth ratio of 9.62 and a beta of 1.45. VF has a 12-month low of $11.00 and a 12-month high of $25.75. The company’s 50-day moving average price is $21.48 and its 200 day moving average price is $19.21. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86.

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

Institutional Investors Weigh In On VF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC purchased a new stake in shares of VF during the third quarter worth approximately $40,000. CKW Financial Group raised its stake in shares of VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in VF during the second quarter worth $60,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in VF by 100.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after acquiring an additional 3,008 shares during the period. Finally, Evergreen Capital Management LLC acquired a new position in VF during the second quarter worth $226,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

About VF

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.