Telsey Advisory Group Reiterates “Market Perform” Rating for V.F. (NYSE:VFC)

V.F. (NYSE:VFC)‘s stock had its “market perform” rating reaffirmed by stock analysts at Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They currently have a $16.00 price objective on the textile maker’s stock. Telsey Advisory Group’s target price indicates a potential downside of 18.93% from the stock’s current price.

VFC has been the subject of a number of other reports. Wells Fargo & Company raised their price objective on shares of V.F. from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 16th. Barclays reaffirmed an “overweight” rating and issued a $21.00 price target on shares of V.F. in a report on Tuesday, January 6th. KGI Securities set a $14.50 price objective on V.F. and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Jefferies Financial Group assumed coverage on V.F. in a research note on Wednesday, January 14th. They set a “hold” rating and a $18.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their target price on V.F. from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $16.84.

V.F. Price Performance

V.F. stock opened at $19.74 on Thursday. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.36 and a quick ratio of 0.87. V.F. has a one year low of $9.41 and a one year high of $29.02. The firm has a market capitalization of $7.71 billion, a P/E ratio of 89.71, a PEG ratio of 1.85 and a beta of 1.66. The business has a fifty day moving average price of $18.29 and a 200-day moving average price of $15.46.

V.F. (NYSE:VFC) last issued its quarterly earnings data on Tuesday, October 28th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.73 billion. V.F. had a return on equity of 20.34% and a net margin of 0.95%.The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 EPS. As a group, equities research analysts forecast that V.F. will post 0.73 EPS for the current year.

Institutional Trading of V.F.

A number of hedge funds have recently bought and sold shares of VFC. Farther Finance Advisors LLC grew its position in V.F. by 94.8% during the second quarter. Farther Finance Advisors LLC now owns 4,975 shares of the textile maker’s stock valued at $58,000 after acquiring an additional 2,421 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of V.F. by 158.8% in the 2nd quarter. Arkadios Wealth Advisors now owns 56,904 shares of the textile maker’s stock valued at $669,000 after purchasing an additional 34,915 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of V.F. by 134.8% during the 2nd quarter. SG Americas Securities LLC now owns 52,953 shares of the textile maker’s stock valued at $622,000 after purchasing an additional 30,405 shares during the last quarter. Segall Bryant & Hamill LLC grew its holdings in shares of V.F. by 30.7% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 3,442,936 shares of the textile maker’s stock valued at $40,454,000 after purchasing an additional 808,474 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in V.F. by 104.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 567,886 shares of the textile maker’s stock worth $6,673,000 after purchasing an additional 290,444 shares during the period. Institutional investors own 86.84% of the company’s stock.

About V.F.

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.