VF (NYSE:VFC) Given Market Perform Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of VF (NYSE:VFC) in a report released on Friday,Benzinga reports. They currently have a $27.00 price objective on the textile maker’s stock.

Several other analysts have also issued reports on the stock. Guggenheim upped their price target on shares of VF from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird upped their price target on shares of VF from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Jefferies Financial Group upped their price target on shares of VF from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. UBS Group upped their price target on shares of VF from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group upped their price target on shares of VF from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, VF presently has an average rating of “Hold” and an average price target of $22.90.

VF Stock Performance

Shares of VFC stock opened at $19.13 on Friday. The company’s fifty day simple moving average is $24.02 and its 200-day simple moving average is $21.17. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. The firm has a market cap of $7.45 billion, a PE ratio of -16.07, a P/E/G ratio of 6.77 and a beta of 1.46. VF has a 12 month low of $11.00 and a 12 month high of $29.02.

VF (NYSE:VFC) last announced its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. During the same period last year, the firm earned $0.57 EPS. Equities research analysts expect that VF will post 0.73 EPS for the current fiscal year.

VF Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.88%. VF’s dividend payout ratio (DPR) is presently -30.25%.

Hedge Funds Weigh In On VF

Several institutional investors and hedge funds have recently modified their holdings of the business. CKW Financial Group grew its stake in VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after buying an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in VF by 100.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after buying an additional 3,008 shares in the last quarter. Fiduciary Alliance LLC grew its stake in VF by 6.8% during the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after buying an additional 16,431 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in VF by 1.8% during the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after buying an additional 65,919 shares in the last quarter. Finally, TB Alternative Assets Ltd. acquired a new stake in VF during the fourth quarter worth about $1,878,000. 86.84% of the stock is currently owned by institutional investors and hedge funds.

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.