Telsey Advisory Group Reiterates Market Perform Rating for VF (NYSE:VFC)

VF (NYSE:VFC - Get Free Report)'s stock had its "market perform" rating reissued by equities researchers at Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They presently have a $21.00 target price on the textile maker's stock. Telsey Advisory Group's target price points to a potential downside of 16.33% from the stock's previous close.

A number of other equities analysts have also recently weighed in on the company. Stifel Nicolaus upped their price target on VF from $21.00 to $25.00 and gave the stock a "buy" rating in a report on Monday, October 14th. Citigroup raised their price target on shares of VF from $20.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. Wells Fargo & Company lowered shares of VF from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $16.00 to $15.00 in a report on Monday, October 14th. TD Cowen lifted their target price on VF from $16.00 to $19.00 and gave the stock a "hold" rating in a research report on Tuesday, October 29th. Finally, Argus upgraded VF from a "hold" rating to a "buy" rating and set a $25.00 price target on the stock in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, VF currently has an average rating of "Hold" and an average price target of $19.84.

VF Trading Down 5.6 %

Shares of NYSE:VFC traded down $1.49 during trading on Wednesday, reaching $25.10. 10,267,936 shares of the stock were exchanged, compared to its average volume of 5,923,255. VF has a 12-month low of $11.00 and a 12-month high of $29.02. The firm's 50-day moving average price is $21.98 and its 200 day moving average price is $19.61. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.88 and a current ratio of 1.30. The firm has a market cap of $9.77 billion, a price-to-earnings ratio of -14.52, a price-to-earnings-growth ratio of 9.74 and a beta of 1.45.

VF (NYSE:VFC - Get Free Report) last issued its earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.28. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. During the same period in the prior year, the firm posted $0.57 EPS. On average, sell-side analysts anticipate that VF will post 0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VF

A number of hedge funds have recently made changes to their positions in the business. CKW Financial Group increased its position in VF by 29.4% in the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock valued at $47,000 after acquiring an additional 500 shares during the period. TB Alternative Assets Ltd. acquired a new position in shares of VF during the fourth quarter valued at $1,878,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of 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 purchasing an additional 3,008 shares in the last quarter. Fiduciary Alliance LLC lifted its holdings in VF by 6.8% in the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker's stock worth $5,505,000 after purchasing an additional 16,431 shares during the period. Finally, Segall Bryant & Hamill LLC increased its stake in VF by 1.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker's stock valued at $73,084,000 after buying an additional 65,919 shares during the period. 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.

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