Wall Street Zen Upgrades V.F. (NYSE:VFC) to Buy

V.F. (NYSE:VFC) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

Several other brokerages also recently weighed in on VFC. The Goldman Sachs Group lifted their price target on shares of V.F. from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Telsey Advisory Group set a $20.00 price objective on shares of V.F. in a research note on Thursday, January 29th. Needham & Company LLC restated a “buy” rating on shares of V.F. in a research report on Thursday, January 8th. Piper Sandler lifted their target price on shares of V.F. from $14.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Finally, Truist Financial set a $18.00 target price on shares of V.F. in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.16.

V.F. Price Performance

Shares of V.F. stock opened at $16.27 on Friday. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.55 and a quick ratio of 1.03. The business’s 50 day simple moving average is $19.12 and its two-hundred day simple moving average is $17.20. The stock has a market capitalization of $6.36 billion, a P/E ratio of 29.57, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. V.F. has a one year low of $9.41 and a one year high of $21.92.

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

Insider Activity at V.F.

In related news, Director Juliana L. Chugg sold 6,678 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $21.30, for a total transaction of $142,241.40. Following the completion of the transaction, the director owned 40 shares in the company, valued at approximately $852. This represents a 99.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

Institutional Trading of V.F.

Several hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its position in shares of V.F. by 59.7% during the third 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 in the last quarter. Rothschild Investment LLC lifted its position in shares of V.F. by 705.8% in the third quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock worth $54,000 after buying an additional 3,282 shares in the last quarter. Rexford Capital Inc. bought a new position in V.F. during the second quarter valued at approximately $48,000. Global Wealth Strategies & Associates purchased a new position in V.F. during the 3rd quarter valued at approximately $82,000. Finally, Farther Finance Advisors LLC grew its holdings in V.F. by 50.1% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

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.