V.F. (NYSE:VFC) Stock Rating Upgraded by StockNews.com

V.F. (NYSE:VFC) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Other research analysts have also recently issued reports about the company. Robert W. Baird lifted their price target on V.F. from $13.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday. Wells Fargo & Company boosted their target price on shares of V.F. from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Wednesday. Wedbush restated a “neutral” rating and set a $13.00 price target on shares of V.F. in a research report on Monday. Evercore ISI increased their target price on shares of V.F. from $14.00 to $16.00 and gave the stock an “in-line” rating in a research note on Wednesday. Finally, Bank of America cut their price target on V.F. from $13.00 to $11.00 and set an “underperform” rating for the company in a research note on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.19.

V.F. Stock Performance

Shares of VFC stock traded up $0.18 during mid-day trading on Thursday, reaching $17.78. The stock had a trading volume of 8,760,101 shares, compared to its average volume of 8,783,153. V.F. has a 1-year low of $11.00 and a 1-year high of $21.17. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of -7.11, a PEG ratio of 1.27 and a beta of 1.52. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 2.84. The business’s fifty day moving average is $14.53 and its 200-day moving average is $14.50.

V.F. (NYSE:VFC) last posted its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.85 billion. V.F. had a negative net margin of 11.39% and a positive return on equity of 10.86%. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.15) earnings per share. On average, research analysts forecast that V.F. will post 0.85 earnings per share for the current year.

Insider Transactions at V.F.

In related news, insider Bracken Darrell purchased 75,200 shares of V.F. stock in a transaction dated Monday, June 10th. The shares were acquired at an average price of $13.26 per share, for a total transaction of $997,152.00. Following the acquisition, the insider now directly owns 219,972 shares in the company, valued at $2,916,828.72. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, insider Bracken Darrell purchased 75,200 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was acquired at an average price of $13.26 per share, with a total value of $997,152.00. Following the purchase, the insider now directly owns 219,972 shares in the company, valued at approximately $2,916,828.72. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard Carucci acquired 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was acquired at an average price of $13.78 per share, for a total transaction of $344,500.00. Following the completion of the acquisition, the director now directly owns 215,130 shares of the company’s stock, valued at approximately $2,964,491.40. The disclosure for this purchase can be found here. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VFC. Eagle Bay Advisors LLC purchased a new position in shares of V.F. during the 4th quarter worth approximately $25,000. Mather Group LLC. purchased a new position in shares of V.F. during the first quarter worth $27,000. Future Financial Wealth Managment LLC acquired a new stake in shares of V.F. in the first quarter valued at $31,000. Allworth Financial LP raised its holdings in shares of V.F. by 111.5% in the 4th quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock valued at $34,000 after buying an additional 958 shares during the period. Finally, Bank & Trust Co acquired a new position in V.F. during the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

About V.F.

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.