V.F.’s (VFC) Market Perform Rating Reaffirmed at Telsey Advisory Group

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

VFC has been the topic of several other reports. Jefferies Financial Group started coverage on shares of V.F. in a report on Wednesday, January 14th. They issued a “hold” rating and a $18.00 price objective on the stock. Stifel Nicolaus upped their price objective on V.F. from $16.00 to $18.00 and gave the company a “hold” rating in a report on Friday, December 12th. Barclays restated an “overweight” rating and set a $21.00 target price on shares of V.F. in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of V.F. in a research note on Monday, December 29th. Finally, Piper Sandler increased their price target on shares of V.F. from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $16.84.

V.F. Stock Up 2.3%

NYSE VFC opened at $19.97 on Thursday. The stock has a market capitalization of $7.80 billion, a P/E ratio of 90.78, a price-to-earnings-growth ratio of 1.83 and a beta of 1.66. V.F. has a 52 week low of $9.41 and a 52 week high of $29.02. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.87 and a current ratio of 1.36. The stock has a fifty day moving average of $18.20 and a 200-day moving average of $15.41.

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

V.F. Dividend Announcement

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

Institutional Trading of V.F.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in shares of V.F. by 104.7% in the 2nd 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 during the period. Segall Bryant & Hamill LLC increased its position in V.F. by 30.7% during the second quarter. Segall Bryant & Hamill LLC now owns 3,442,936 shares of the textile maker’s stock worth $40,454,000 after buying an additional 808,474 shares during the last quarter. SG Americas Securities LLC raised its stake in V.F. by 115.2% in the third quarter. SG Americas Securities LLC now owns 113,951 shares of the textile maker’s stock valued at $1,644,000 after buying an additional 60,998 shares during the period. Fiduciary Alliance LLC raised its stake in V.F. by 22.0% in the third quarter. Fiduciary Alliance LLC now owns 586,877 shares of the textile maker’s stock valued at $8,469,000 after buying an additional 105,786 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of V.F. by 94.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,975 shares of the textile maker’s stock worth $58,000 after acquiring an additional 2,421 shares during the period. 86.84% of the stock is owned by institutional investors.

About V.F.

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.