Telsey Advisory Group Issues Positive Forecast for VF (NYSE:VFC) Stock Price

VF (NYSE:VFC) had its target price raised by research analysts at Telsey Advisory Group from $19.00 to $21.00 in a report issued on Tuesday, MarketBeat reports. The firm currently has a “market perform” rating on the textile maker’s stock. Telsey Advisory Group’s price target indicates a potential downside of 5.62% from the stock’s previous close. Telsey Advisory Group also issued estimates for VF’s FY2025 earnings at $0.32 EPS and FY2026 earnings at $0.70 EPS.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group started coverage on VF in a research report on Friday, September 27th. They set a “hold” rating and a $20.00 price target on the stock. Argus raised VF to a “hold” rating in a research report on Wednesday, August 28th. Barclays raised VF from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $19.00 to $22.00 in a research report on Wednesday, September 18th. UBS Group upped their price target on VF from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Finally, Stifel Nicolaus increased their price objective on VF from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.18.

VF Stock Up 2.9 %

VFC stock opened at $22.25 on Tuesday. The stock’s fifty day simple moving average is $18.73 and its two-hundred day simple moving average is $15.69. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84. VF has a 1-year low of $11.00 and a 1-year high of $23.09. The stock has a market cap of $8.66 billion, a P/E ratio of -7.37, a P/E/G ratio of 3.27 and a beta of 1.53.

VF (NYSE:VFC) last posted its quarterly earnings data on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.19. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter in the previous year, the firm earned $0.63 earnings per share. The business’s revenue was down 5.6% on a year-over-year basis. Analysts expect that VF will post 0.6 EPS for the current year.

Insiders Place Their Bets

In other VF news, Director Richard Carucci bought 15,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were acquired at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the purchase, the director now directly owns 230,178 shares of the company’s stock, valued at $3,843,972.60. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On VF

Institutional investors have recently modified their holdings of the company. Bank & Trust Co bought a new position in shares of VF during the 2nd quarter valued at about $35,000. Versant Capital Management Inc increased its position in shares of VF by 6,981.1% during the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 2,583 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of VF during the 3rd quarter valued at about $40,000. EverSource Wealth Advisors LLC increased its position in shares of VF by 50.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 895 shares during the last quarter. Finally, Heritage Wealth Advisors increased its position in shares of VF by 527.6% during the 1st quarter. Heritage Wealth Advisors now owns 2,755 shares of the textile maker’s stock valued at $42,000 after purchasing an additional 2,316 shares during the last quarter. 86.84% of the stock is currently owned by institutional investors.

VF Company Profile

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.