VF (NYSE:VFC) Earns Market Perform Rating from Telsey Advisory Group

VF (NYSE:VFC)‘s stock had its “market perform” rating reaffirmed by investment analysts at Telsey Advisory Group in a report released on Wednesday,Benzinga reports. They currently have a $21.00 price target on the textile maker’s stock. Telsey Advisory Group’s price objective would indicate a potential downside of 21.87% from the company’s previous close.

A number of other research analysts also recently commented on VFC. Jefferies Financial Group upped their price objective on shares of VF from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Tuesday. StockNews.com raised shares of VF from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Argus upgraded shares of VF from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, December 17th. OTR Global upgraded VF from a “mixed” rating to a “positive” rating in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. lifted their target price on VF from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.47.

VF Stock Performance

Shares of VFC opened at $26.88 on Wednesday. The company has a market capitalization of $10.46 billion, a price-to-earnings ratio of -15.54, a PEG ratio of 9.74 and a beta of 1.45. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.88 and a current ratio of 1.30. VF has a 1 year low of $11.00 and a 1 year high of $29.02. The company’s 50 day simple moving average is $22.12 and its 200 day simple moving average is $19.65.

VF (NYSE:VFC) last posted its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. During the same quarter in the previous year, the business earned $0.57 EPS. On average, sell-side analysts predict that VF will post 0.48 EPS for the current year.

Institutional Trading of VF

Several large investors have recently modified their holdings of VFC. Sei Investments Co. grew its stake in VF by 26.7% during the 2nd quarter. Sei Investments Co. now owns 207,120 shares of the textile maker’s stock valued at $2,796,000 after purchasing an additional 43,697 shares in the last quarter. Bank of Montreal Can grew its position in shares of VF by 127.6% during the second quarter. Bank of Montreal Can now owns 62,046 shares of the textile maker’s stock worth $878,000 after buying an additional 286,878 shares in the last quarter. Algert Global LLC bought a new stake in shares of VF in the second quarter worth $449,000. Teachers Retirement System of The State of Kentucky raised its holdings in VF by 90.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock valued at $2,737,000 after acquiring an additional 96,442 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in VF during the 2nd quarter valued at $241,000. 86.84% of the stock is currently owned by institutional investors and hedge funds.

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.