V.F. (NYSE:VFC) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of V.F. (NYSE:VFC) in a report released on Wednesday morning, Benzinga reports. The firm currently has a $15.00 target price on the textile maker’s stock.

Other equities analysts have also recently issued reports about the stock. UBS Group reduced their price objective on shares of V.F. from $14.00 to $12.00 and set a neutral rating for the company in a research report on Tuesday, May 28th. BMO Capital Markets decreased their price target on shares of V.F. from $18.00 to $13.00 and set a market perform rating on the stock in a research note on Thursday, May 23rd. Stifel Nicolaus cut their price objective on V.F. from $22.00 to $19.00 and set a buy rating for the company in a research note on Thursday, May 23rd. BNP Paribas restated a neutral rating and issued a $14.00 target price (down previously from $18.00) on shares of V.F. in a research report on Friday, April 12th. Finally, Bank of America lowered their price target on V.F. from $13.00 to $11.00 and set an underperform rating on the stock in a research note on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $14.19.

V.F. Stock Performance

Shares of VFC opened at $16.07 on Wednesday. The stock has a 50-day moving average of $14.16 and a two-hundred day moving average of $14.46. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.71 and a current ratio of 1.22. The stock has a market cap of $6.25 billion, a P/E ratio of -6.43, a P/E/G ratio of 1.31 and a beta of 1.52. V.F. has a one year low of $11.00 and a one year high of $21.17.

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

V.F. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, June 10th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Monday, June 10th. V.F.’s dividend payout ratio (DPR) is -14.40%.

Insider Buying and Selling

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

Hedge Funds Weigh In On V.F.

A number of institutional investors have recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC acquired a new stake in V.F. during the 4th quarter valued at approximately $25,000. Mather Group LLC. acquired a new stake in shares of V.F. during the first quarter worth approximately $27,000. Future Financial Wealth Managment LLC bought a new stake in shares of V.F. in the first quarter worth $31,000. Allworth Financial LP raised its holdings in V.F. by 111.5% in the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 958 shares in the last quarter. Finally, Bank & Trust Co bought a new position in V.F. during the 2nd quarter valued at $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.