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

VF (NYSE:VFC)‘s stock had its “market perform” rating restated by equities research analysts at Telsey Advisory Group in a note issued to investors on Friday,Benzinga reports. They currently have a $27.00 price objective on the textile maker’s stock. Telsey Advisory Group’s target price indicates a potential upside of 41.18% from the company’s previous close.

Several other analysts have also weighed in on VFC. JPMorgan Chase & Co. boosted their target price on shares of VF from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Needham & Company LLC restated a “buy” rating and set a $28.00 price target on shares of VF in a research report on Friday. Wells Fargo & Company upped their price target on shares of VF from $17.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, January 30th. Robert W. Baird upped their price target on shares of VF from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Finally, OTR Global upgraded shares of VF from a “mixed” rating to a “positive” rating in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, VF has an average rating of “Hold” and a consensus target price of $22.90.

VF Stock Down 7.0 %

VFC stock opened at $19.13 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00. VF has a 1-year low of $11.00 and a 1-year high of $29.02. The firm has a fifty day moving average price of $24.02 and a two-hundred day moving average price of $21.20. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of -16.07, a PEG ratio of 6.77 and a beta of 1.46.

VF (NYSE:VFC) last released its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. During the same quarter last year, the business earned $0.57 earnings per share. Research analysts predict that VF will post 0.73 EPS for the current year.

Hedge Funds Weigh In On VF

Large investors have recently bought and sold shares of the company. Segall Bryant & Hamill LLC raised its stake in VF by 5.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock valued at $83,153,000 after acquiring an additional 211,440 shares during the period. CKW Financial Group raised its stake in VF by 29.4% in the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 500 shares during the period. TB Alternative Assets Ltd. bought a new stake in VF in the 4th quarter valued at $1,878,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in VF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after acquiring an additional 3,008 shares during the period. Finally, Fiduciary Alliance LLC raised its stake in VF by 6.8% in the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after acquiring an additional 16,431 shares during the period. Institutional investors and hedge funds own 86.84% of the company’s stock.

VF Company Profile

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.