VF (NYSE:VFC) Raised to Hold at StockNews.com

StockNews.com upgraded shares of VF (NYSE:VFC) from a sell rating to a hold rating in a research note issued to investors on Saturday.

A number of other research analysts also recently issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $19.00 price objective on shares of VF in a research report on Wednesday, October 23rd. The Goldman Sachs Group began coverage on shares of VF in a report on Friday, October 11th. They issued a “neutral” rating and a $20.00 price objective for the company. Wells Fargo & Company downgraded VF from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $16.00 to $15.00 in a report on Monday, October 14th. BMO Capital Markets lifted their price target on VF from $13.00 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. Finally, Barclays upgraded VF from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $19.00 to $22.00 in a report on Wednesday, September 18th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $17.24.

VF Price Performance

VFC stock opened at $17.03 on Friday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. The firm has a market cap of $6.63 billion, a P/E ratio of -5.64, a P/E/G ratio of 3.27 and a beta of 1.53. The firm’s fifty day moving average is $18.52 and its 200 day moving average is $15.58. VF has a 52 week low of $11.00 and a 52 week high of $21.40.

VF (NYSE:VFC) last issued its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.04. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.85 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.15) earnings per share. Research analysts predict that VF will post 0.6 earnings per share for the current year.

VF Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.11%. VF’s payout ratio is presently -11.92%.

Insider Activity at VF

In related news, Director Richard Carucci bought 15,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was acquired at an average price of $16.70 per share, with a total value of $250,500.00. Following the transaction, the director now owns 230,178 shares in the company, valued at approximately $3,843,972.60. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VFC. V Square Quantitative Management LLC increased its holdings in VF by 8.9% in the 2nd quarter. V Square Quantitative Management LLC now owns 10,803 shares of the textile maker’s stock worth $146,000 after acquiring an additional 879 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in VF by 50.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 895 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in shares of VF by 0.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 106,281 shares of the textile maker’s stock worth $1,630,000 after acquiring an additional 959 shares during the period. Arkadios Wealth Advisors grew its position in shares of VF by 5.3% during the third quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after purchasing an additional 1,217 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in VF by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 92,524 shares of the textile maker’s stock valued at $1,249,000 after purchasing an additional 1,681 shares during the period. Hedge funds and other institutional investors own 86.84% of the company’s stock.

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.