Telsey Advisory Group Reaffirms Market Perform Rating for VF (NYSE:VFC)

Telsey Advisory Group reiterated their market perform rating on shares of VF (NYSE:VFC) in a report issued on Wednesday,Benzinga reports. Telsey Advisory Group currently has a $21.00 price objective on the textile maker’s stock.

A number of other research firms have also commented on VFC. Argus raised VF from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, December 17th. Jefferies Financial Group started coverage on shares of VF in a research report on Friday, September 27th. They set a “hold” rating and a $20.00 price target on the stock. Guggenheim upped their price objective on shares of VF from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird lifted their target price on shares of VF from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company lowered VF from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $16.00 to $15.00 in a report on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.63.

VF Price Performance

VF stock opened at $25.17 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 2.86. The firm’s fifty day moving average price is $21.38 and its two-hundred day moving average price is $19.17. VF has a 1-year low of $11.00 and a 1-year high of $25.21.

VF (NYSE:VFC) last released its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.72 billion. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 EPS. Research analysts expect that VF will post 0.48 EPS for the current year.

VF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.43%. The ex-dividend date was Tuesday, December 10th. VF’s dividend payout ratio (DPR) is presently -20.81%.

Institutional Investors Weigh In On VF

A number of hedge funds and other institutional investors have recently bought and sold shares of VFC. Future Financial Wealth Managment LLC purchased a new position in shares of VF in the third quarter valued at $40,000. CKW Financial Group boosted its stake in VF by 29.4% in the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares during the period. Abich Financial Wealth Management LLC purchased a new position in VF during the 2nd quarter valued at about $60,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of VF by 100.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after buying an additional 3,008 shares during the period. Finally, Quent Capital LLC lifted its holdings in shares of VF by 1,917.1% in the third quarter. Quent Capital LLC now owns 12,627 shares of the textile maker’s stock worth $247,000 after buying an additional 12,001 shares in the last quarter. Institutional investors own 86.84% of the company’s stock.

VF Company Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.