VF (VFC) Rating Reiterated by Telsey Advisory Group

Share on StockTwits

VF (NYSE:VFC)‘s stock had its “outperform” rating reiterated by Telsey Advisory Group in a research report issued to clients and investors on Thursday, Briefing.com Automated Import reports. They presently have a $104.00 price target on the textile maker’s stock, up from their prior price target of $96.00. Telsey Advisory Group’s target price points to a potential upside of 21.85% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on VFC. Goldman Sachs Group assumed coverage on shares of VF in a research report on Friday, May 17th. They set a “buy” rating and a $97.00 price objective for the company. Citigroup reiterated a “neutral” rating and set a $85.00 price objective (down from $90.00) on shares of VF in a research report on Monday, March 18th. UBS Group upped their price objective on shares of VF from $84.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 14th. Wedbush upped their price objective on shares of VF from $90.00 to $98.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Finally, Cowen upped their price objective on shares of VF from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 19th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $93.95.

VFC stock traded down $4.98 during trading on Thursday, reaching $85.35. 686,893 shares of the company were exchanged, compared to its average volume of 1,691,806. The stock has a market cap of $36.44 billion, a price-to-earnings ratio of 28.64, a P/E/G ratio of 1.91 and a beta of 1.15. VF has a twelve month low of $67.18 and a twelve month high of $97.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 1.07.

VF (NYSE:VFC) last released its quarterly earnings data on Wednesday, May 22nd. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.20 billion. VF had a net margin of 10.11% and a return on equity of 38.84%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. On average, equities research analysts anticipate that VF will post 3.75 EPS for the current fiscal year.

In other VF news, VP Scott H. Baxter sold 51,911 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $84.25, for a total value of $4,373,501.75. Following the transaction, the vice president now directly owns 201,972 shares of the company’s stock, valued at $17,016,141. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.72% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. First Citizens Bank & Trust Co. increased its stake in shares of VF by 0.5% in the first quarter. First Citizens Bank & Trust Co. now owns 22,621 shares of the textile maker’s stock worth $1,966,000 after purchasing an additional 116 shares in the last quarter. NEXT Financial Group Inc lifted its position in VF by 6.6% during the fourth quarter. NEXT Financial Group Inc now owns 1,929 shares of the textile maker’s stock valued at $138,000 after purchasing an additional 120 shares during the last quarter. South State Corp lifted its position in VF by 0.9% during the fourth quarter. South State Corp now owns 15,957 shares of the textile maker’s stock valued at $1,139,000 after purchasing an additional 140 shares during the last quarter. Legacy Financial Strategies LLC lifted its position in VF by 2.1% during the fourth quarter. Legacy Financial Strategies LLC now owns 7,007 shares of the textile maker’s stock valued at $500,000 after purchasing an additional 143 shares during the last quarter. Finally, Covenant Multifamily Offices LLC lifted its position in VF by 2.6% during the first quarter. Covenant Multifamily Offices LLC now owns 5,805 shares of the textile maker’s stock valued at $505,000 after purchasing an additional 145 shares during the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

VF Company Profile

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.

Read More: What is a Call Option?

Analyst Recommendations for VF (NYSE:VFC)

Receive News & Ratings for VF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VF and related companies with MarketBeat.com's FREE daily email newsletter.