V.F. (NYSE:VFC) Downgraded by Wall Street Zen to Hold

V.F. (NYSE:VFC) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other analysts have also issued reports about the company. Piper Sandler raised their price target on V.F. from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Truist Financial set a $18.00 price objective on shares of V.F. in a report on Wednesday, January 14th. Robert W. Baird set a $25.00 target price on shares of V.F. in a research report on Wednesday, December 17th. Telsey Advisory Group set a $20.00 target price on shares of V.F. in a report on Thursday, January 29th. Finally, Guggenheim began coverage on shares of V.F. in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $18.16.

V.F. Trading Up 1.6%

Shares of V.F. stock opened at $15.97 on Friday. V.F. has a fifty-two week low of $9.41 and a fifty-two week high of $21.92. The business’s fifty day moving average is $19.43 and its two-hundred day moving average is $17.13. The company has a quick ratio of 1.03, a current ratio of 1.55 and a debt-to-equity ratio of 1.99. The firm has a market cap of $6.25 billion, a PE ratio of 29.03, a P/E/G ratio of 1.08 and a beta of 1.64.

V.F. (NYSE:VFC) last announced its quarterly earnings data on Wednesday, January 28th. The textile maker reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.15. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.81 billion. V.F. had a return on equity of 19.08% and a net margin of 2.33%.The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 earnings per share. Analysts anticipate that V.F. will post 0.73 earnings per share for the current year.

Insider Activity

In related news, Director Juliana L. Chugg sold 6,678 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $21.30, for a total transaction of $142,241.40. Following the completion of the sale, the director owned 40 shares of the company’s stock, valued at approximately $852. This represents a 99.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its position in shares of V.F. by 104.7% in the second quarter. Russell Investments Group Ltd. now owns 567,886 shares of the textile maker’s stock worth $6,673,000 after acquiring an additional 290,444 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of V.F. by 30.7% in 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 acquiring an additional 808,474 shares during the period. SG Americas Securities LLC lifted its holdings in shares of V.F. by 115.2% during the 3rd quarter. SG Americas Securities LLC now owns 113,951 shares of the textile maker’s stock valued at $1,644,000 after acquiring an additional 60,998 shares in the last quarter. Fiduciary Alliance LLC boosted its position in V.F. by 22.0% during the 3rd quarter. Fiduciary Alliance LLC now owns 586,877 shares of the textile maker’s stock worth $8,469,000 after purchasing an additional 105,786 shares during the period. Finally, New York State Common Retirement Fund boosted its position in V.F. by 21.3% during the 2nd quarter. New York State Common Retirement Fund now owns 573,649 shares of the textile maker’s stock worth $6,740,000 after purchasing an additional 100,680 shares during the period. 86.84% of the stock is owned by institutional investors and hedge funds.

V.F. Company Profile

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.