Telsey Advisory Group Reiterates Market Perform Rating for VF (NYSE:VFC)

VF (NYSE:VFC)‘s stock had its “market perform” rating reiterated by research analysts at Telsey Advisory Group in a research report issued on Wednesday,Benzinga reports. They presently have a $21.00 price objective on the textile maker’s stock. Telsey Advisory Group’s target price would indicate a potential downside of 21.87% from the company’s current price.

A number of other equities analysts have also issued reports on VFC. JPMorgan Chase & Co. raised their price target on VF from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Jefferies Financial Group lifted their target price on VF from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Tuesday. TD Cowen upped their price target on VF from $16.00 to $19.00 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. OTR Global raised VF from a “mixed” rating to a “positive” rating in a report on Friday, January 10th. Finally, Robert W. Baird boosted their price objective on shares of VF from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.47.

VF Price Performance

Shares of NYSE VFC opened at $26.88 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86. The stock has a market cap of $10.46 billion, a P/E ratio of -15.54, a P/E/G ratio of 9.74 and a beta of 1.45. The stock has a 50 day moving average of $22.12 and a two-hundred day moving average of $19.65. VF has a twelve month low of $11.00 and a twelve month high of $29.02.

VF (NYSE:VFC) last released its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, beating the consensus estimate of $0.34 by $0.28. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. During the same period in the prior year, the business posted $0.57 earnings per share. On average, research analysts forecast that VF will post 0.48 earnings per share for the current year.

Institutional Investors Weigh In On VF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Segall Bryant & Hamill LLC raised its position in VF by 1.8% during the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after acquiring an additional 65,919 shares during the last quarter. Fiduciary Alliance LLC increased its stake in shares of VF by 6.8% during the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after purchasing an additional 16,431 shares in the last quarter. Sei Investments Co. lifted its stake in VF by 26.7% in the 2nd quarter. Sei Investments Co. now owns 207,120 shares of the textile maker’s stock valued at $2,796,000 after buying an additional 43,697 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in VF by 90.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock valued at $2,737,000 after buying an additional 96,442 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in VF by 40.1% during the third 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 currently owned by hedge funds and other institutional investors.

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.