VF (NYSE:VFC) Earns “Market Perform” Rating from Telsey Advisory Group

VF (NYSE:VFC)‘s stock had its “market perform” rating reiterated by research analysts at Telsey Advisory Group in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $21.00 price objective on the textile maker’s stock. Telsey Advisory Group’s target price indicates a potential downside of 16.33% from the stock’s current price.

A number of other research analysts also recently weighed in on VFC. Citigroup lifted their price target on VF from $20.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. upped their target price on VF from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Robert W. Baird raised their price target on shares of VF from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. OTR Global upgraded shares of VF from a “mixed” rating to a “positive” rating in a research note on Friday, January 10th. Finally, Guggenheim lifted their target price on shares of VF from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $19.84.

VF Price Performance

Shares of VFC traded down $1.49 during trading hours on Wednesday, hitting $25.10. 10,267,936 shares of the company were exchanged, compared to its average volume of 5,923,255. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. The company has a market capitalization of $9.77 billion, a PE ratio of -14.52, a PEG ratio of 9.74 and a beta of 1.45. The firm has a fifty day simple moving average of $21.98 and a 200-day simple moving average of $19.61. VF has a one year low of $11.00 and a one year high of $29.02.

VF (NYSE:VFC) last released its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. During the same period last year, the business posted $0.57 earnings per share. As a group, sell-side analysts predict that VF will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On VF

A number of institutional investors and hedge funds have recently bought and sold shares of VFC. Future Financial Wealth Managment LLC acquired a new stake in VF in the 3rd quarter worth $40,000. CKW Financial Group grew its position 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. increased 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 valued at $129,000 after acquiring an additional 3,008 shares during the period. Quent Capital LLC raised its holdings in VF by 1,917.1% in the 3rd quarter. Quent Capital LLC now owns 12,627 shares of the textile maker’s stock valued at $247,000 after acquiring an additional 12,001 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of VF in the 2nd quarter worth approximately $241,000. Institutional investors own 86.84% of the company’s stock.

About VF

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.