V.F. (NYSE:VFC) Downgraded to “Hold” Rating by Wall Street Zen

V.F. (NYSE:VFC) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $18.00 price objective (down from $19.00) on shares of V.F. in a report on Monday, February 23rd. Telsey Advisory Group set a $20.00 target price on V.F. in a report on Thursday, January 29th. The Goldman Sachs Group raised their price target on V.F. from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Argus raised V.F. to a “strong-buy” rating in a research note on Wednesday, February 11th. Finally, Citigroup boosted their price objective on shares of V.F. from $14.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $18.16.

V.F. Trading Up 1.6%

Shares of VFC opened at $15.97 on Friday. V.F. has a twelve month low of $9.41 and a twelve month high of $21.92. The company has a current ratio of 1.55, a quick ratio of 1.03 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $6.25 billion, a P/E ratio of 29.03, a PEG ratio of 1.08 and a beta of 1.64. The firm’s 50-day moving average is $19.43 and its two-hundred day moving average is $17.13.

V.F. (NYSE:VFC) last posted its quarterly earnings results on Wednesday, January 28th. The textile maker reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.15. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.81 billion. V.F. had a net margin of 2.33% and a return on equity of 19.08%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.62 EPS. On average, research analysts predict that V.F. will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at V.F.

In other news, Director Juliana L. Chugg sold 6,678 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $21.30, for a total value of $142,241.40. Following the completion of the transaction, the director directly owned 40 shares of the company’s stock, valued at $852. The trade was a 99.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of V.F.

A number of large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its stake in V.F. by 59.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock valued at $40,000 after purchasing an additional 1,027 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of V.F. by 705.8% during the 3rd quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock worth $54,000 after purchasing an additional 3,282 shares during the last quarter. Rexford Capital Inc. acquired a new stake in shares of V.F. during the 2nd quarter worth about $48,000. Global Wealth Strategies & Associates purchased a new stake in shares of V.F. during the third quarter worth about $82,000. Finally, Farther Finance Advisors LLC raised its position in shares of V.F. by 50.1% in the third quarter. Farther Finance Advisors LLC now owns 7,465 shares of the textile maker’s stock valued at $108,000 after buying an additional 2,490 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

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.