V.F. (NYSE:VFC) Receives Market Perform Rating from Telsey Advisory Group

V.F. (NYSE:VFC)‘s stock had its “market perform” rating reissued by research analysts at Telsey Advisory Group in a research note issued on Wednesday, Benzinga reports. They currently have a $15.00 price objective on the textile maker’s stock. Telsey Advisory Group’s target price would suggest a potential downside of 9.47% from the stock’s previous close.

A number of other brokerages have also weighed in on VFC. BMO Capital Markets decreased their price objective on V.F. from $18.00 to $13.00 and set a “market perform” rating on the stock in a report on Thursday, May 23rd. TD Cowen decreased their price objective on V.F. from $14.00 to $9.00 and set a “hold” rating on the stock in a report on Thursday, May 23rd. Barclays raised their price objective on V.F. from $12.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Citigroup upgraded V.F. from a “neutral” rating to a “buy” rating and raised their price objective for the company from $11.00 to $20.00 in a report on Thursday, July 18th. Finally, The Goldman Sachs Group decreased their price objective on V.F. from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, V.F. currently has a consensus rating of “Hold” and an average target price of $14.19.

V.F. Trading Up 1.4 %

Shares of NYSE:VFC opened at $16.57 on Wednesday. V.F. has a 1 year low of $11.00 and a 1 year high of $21.17. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of -6.63, a price-to-earnings-growth ratio of 1.26 and a beta of 1.53. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.22 and a quick ratio of 0.71. The business’s 50 day moving average price is $13.90 and its 200-day moving average price is $14.43.

V.F. (NYSE:VFC) last announced its earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34). V.F. had a negative net margin of 9.27% and a positive return on equity of 13.14%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter last year, the business earned $0.17 EPS. The company’s quarterly revenue was down 13.4% on a year-over-year basis. On average, equities research analysts forecast that V.F. will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other V.F. news, Director Richard Carucci acquired 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was purchased at an average cost of $13.78 per share, with a total value of $344,500.00. Following the transaction, the director now owns 215,130 shares of the company’s stock, valued at $2,964,491.40. The transaction was disclosed in a filing with the SEC, which is available at this link. In other V.F. news, Director Richard Carucci acquired 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was purchased at an average cost of $13.78 per share, with a total value of $344,500.00. Following the transaction, the director now owns 215,130 shares of the company’s stock, valued at $2,964,491.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Bracken Darrell bought 75,200 shares of the company’s stock in a transaction on Monday, June 10th. The stock was purchased at an average cost of $13.26 per share, with a total value of $997,152.00. Following the completion of the transaction, the insider now owns 219,972 shares in the company, valued at $2,916,828.72. The disclosure for this purchase can be found here. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On V.F.

Several institutional investors have recently bought and sold shares of the company. Sage Rhino Capital LLC acquired a new position in V.F. in the 2nd quarter valued at about $242,000. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of V.F. by 3.7% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 842,966 shares of the textile maker’s stock valued at $11,380,000 after buying an additional 30,329 shares during the period. Signaturefd LLC boosted its stake in shares of V.F. by 18.6% in the 2nd quarter. Signaturefd LLC now owns 14,773 shares of the textile maker’s stock valued at $199,000 after buying an additional 2,318 shares during the period. Principal Financial Group Inc. boosted its stake in shares of V.F. by 328.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock valued at $21,922,000 after buying an additional 1,244,448 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of V.F. by 21.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 66,645 shares of the textile maker’s stock valued at $900,000 after buying an additional 11,799 shares during the period. 86.84% of the stock is owned by institutional investors and hedge funds.

About V.F.

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.