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

Telsey Advisory Group reiterated their market perform rating on shares of VF (NYSE:VFC) in a research report released on Wednesday morning,Benzinga reports. They currently have a $21.00 price objective on the textile maker’s stock.

Several other brokerages also recently commented on VFC. Truist Financial began coverage on shares of VF in a research note on Thursday, December 5th. They issued a “hold” rating and a $20.00 price objective for the company. Guggenheim raised their price objective on VF from $25.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Stifel Nicolaus increased their target price on VF from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Wells Fargo & Company lowered VF from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $16.00 to $15.00 in a research note on Monday, October 14th. Finally, StockNews.com upgraded shares of VF from a “sell” rating to a “hold” rating in a report on Saturday, October 26th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $19.63.

VF Trading Up 2.4 %

Shares of VFC opened at $26.25 on Wednesday. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.88 and a current ratio of 1.30. VF has a 52-week low of $11.00 and a 52-week high of $26.48. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of -15.17, a PEG ratio of 9.74 and a beta of 1.45. The business’s fifty day moving average is $21.59 and its 200-day moving average is $19.25.

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

VF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, December 10th. VF’s dividend payout ratio (DPR) is -20.81%.

Hedge Funds Weigh In On VF

Several institutional investors have recently made changes to their positions in VFC. Future Financial Wealth Managment LLC acquired a new position in shares of VF during the third quarter worth approximately $40,000. CKW Financial Group increased its stake in VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 500 shares in 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. lifted its stake in shares of VF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after buying an additional 3,008 shares in the last quarter. Finally, Evergreen Capital Management LLC acquired a new position in shares of VF during the second quarter valued at about $226,000. 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.