V.F.’s (VFC) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of V.F. (NYSE:VFC) in a research report sent to investors on Thursday,Benzinga reports. Telsey Advisory Group currently has a $16.00 price objective on the textile maker’s stock.

Several other equities analysts also recently commented on VFC. Barclays reiterated an “overweight” rating and issued a $21.00 price objective on shares of V.F. in a report on Tuesday, January 6th. Guggenheim initiated coverage on shares of V.F. in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. Piper Sandler raised their price objective on shares of V.F. from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Needham & Company LLC reissued a “buy” rating on shares of V.F. in a report on Thursday, January 8th. Finally, UBS Group boosted their price target on V.F. from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Three investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.84.

V.F. Price Performance

NYSE:VFC opened at $19.74 on Thursday. V.F. has a 12-month low of $9.41 and a 12-month high of $29.02. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 89.71, a P/E/G ratio of 1.84 and a beta of 1.66. The stock’s 50 day moving average price is $18.29 and its two-hundred day moving average price is $15.48. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 2.40.

V.F. (NYSE:VFC) last issued its earnings results on Tuesday, October 28th. The textile maker reported $0.52 EPS for the quarter, topping the consensus estimate of $0.42 by $0.10. V.F. had a return on equity of 20.34% and a net margin of 0.95%.The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the company posted $0.60 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, analysts anticipate that V.F. will post 0.73 earnings per share for the current year.

V.F. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Wednesday, December 10th were issued a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $0.36 annualized dividend and a yield of 1.8%. V.F.’s payout ratio is currently 163.64%.

Institutional Trading of V.F.

Several large investors have recently modified their holdings of VFC. Farther Finance Advisors LLC lifted its position in V.F. by 94.8% during the second quarter. Farther Finance Advisors LLC now owns 4,975 shares of the textile maker’s stock worth $58,000 after purchasing an additional 2,421 shares during the period. Arkadios Wealth Advisors raised its position in shares of V.F. by 158.8% in the 2nd quarter. Arkadios Wealth Advisors now owns 56,904 shares of the textile maker’s stock valued at $669,000 after buying an additional 34,915 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of V.F. by 134.8% during the 2nd quarter. SG Americas Securities LLC now owns 52,953 shares of the textile maker’s stock worth $622,000 after acquiring an additional 30,405 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in V.F. by 30.7% in the second 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 last quarter. Finally, Russell Investments Group Ltd. raised its position in V.F. by 104.7% during the second quarter. Russell Investments Group Ltd. now owns 567,886 shares of the textile maker’s stock valued at $6,673,000 after purchasing an additional 290,444 shares in the last quarter. 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.