Telsey Advisory Group Boosts V.F. (NYSE:VFC) Price Target to $15.00

V.F. (NYSE:VFC) had its price target increased by investment analysts at Telsey Advisory Group from $13.00 to $15.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the textile maker’s stock. Telsey Advisory Group’s price target would indicate a potential downside of 7.18% from the stock’s previous close.

Several other analysts also recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, April 8th. Stifel Nicolaus dropped their price target on V.F. from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Robert W. Baird dropped their price target on V.F. from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, May 23rd. StockNews.com downgraded V.F. from a “hold” rating to a “sell” rating in a research note on Monday, May 27th. Finally, UBS Group lowered their target price on V.F. from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, V.F. presently has a consensus rating of “Hold” and an average price target of $13.19.

V.F. Trading Up 13.6 %

Shares of NYSE:VFC opened at $16.16 on Thursday. The business’s 50-day moving average is $13.26 and its 200 day moving average is $14.52. V.F. has a 1 year low of $11.00 and a 1 year high of $21.17. The firm has a market capitalization of $6.29 billion, a P/E ratio of -6.46, a P/E/G ratio of 1.10 and a beta of 1.53. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.22 and a quick ratio of 0.71.

V.F. (NYSE:VFC) last announced its earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.34). V.F. had a negative net margin of 9.27% and a positive return on equity of 13.14%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the company earned $0.17 earnings per share. The company’s quarterly revenue was down 13.4% on a year-over-year basis. On average, research analysts predict that V.F. will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling at V.F.

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

Hedge Funds Weigh In On V.F.

A number of institutional investors have recently added to or reduced their stakes in VFC. Wolff Wiese Magana LLC increased its stake in V.F. by 2,835.6% during the fourth quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock worth $25,000 after acquiring an additional 1,276 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of V.F. in the 4th quarter valued at about $25,000. Mather Group LLC. purchased a new stake in shares of V.F. in the 1st quarter valued at about $27,000. Allworth Financial LP lifted 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 purchasing an additional 958 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of V.F. in the 1st quarter valued at about $31,000. Hedge funds and other institutional investors 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.