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

VF (NYSE:VFC)‘s stock had its “market perform” rating reissued by Telsey Advisory Group in a report released on Wednesday,Benzinga reports. They presently have a $21.00 target price on the textile maker’s stock. Telsey Advisory Group’s target price suggests a potential downside of 15.37% from the stock’s previous close.

Several other brokerages have also recently issued reports on VFC. The Goldman Sachs Group initiated coverage on VF in a research note on Friday, October 11th. They set a “neutral” rating and a $20.00 price objective on the stock. Stifel Nicolaus lifted their price objective on shares of VF from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Argus raised shares of VF from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, December 17th. Guggenheim lifted their price target on shares of VF from $25.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Truist Financial assumed coverage on shares of VF in a research note on Thursday, December 5th. They set a “hold” rating and a $20.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.63.

VF Stock Performance

VF stock opened at $24.82 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 50 day moving average of $21.29 and a 200-day moving average of $19.08. The stock has a market cap of $9.66 billion, a P/E ratio of -14.34, a price-to-earnings-growth ratio of 9.18 and a beta of 1.45. VF has a 52 week low of $11.00 and a 52 week high of $24.95.

VF (NYSE:VFC) last announced its quarterly earnings data on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.19. The company had revenue of $2.76 billion during 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%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.63 EPS. On average, analysts expect that VF will post 0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On VF

Several hedge funds have recently modified their holdings of VFC. Arkadios Wealth Advisors boosted its holdings in VF by 5.3% during the third quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after buying an additional 1,217 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of VF during the 3rd quarter valued at $40,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of VF by 100.0% during the 4th 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 in the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of VF in the 2nd quarter worth $60,000. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of VF by 37.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,072 shares of the textile maker’s stock worth $365,000 after purchasing an additional 7,380 shares during the period. 86.84% of the stock is currently owned by institutional investors and hedge funds.

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.