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

Telsey Advisory Group reiterated their market perform rating on shares of V.F. (NYSE:VFC) in a research report sent to investors on Thursday, MarketBeat.com reports. Telsey Advisory Group currently has a $13.00 price target on the textile maker’s stock, down from their previous price target of $18.00. Telsey Advisory Group also issued estimates for V.F.’s FY2024 earnings at $1.08 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.59 EPS, Q3 2025 earnings at $0.64 EPS and Q4 2025 earnings at $0.18 EPS.

A number of other research firms also recently issued reports on VFC. StockNews.com raised V.F. from a sell rating to a hold rating in a research note on Thursday, February 8th. UBS Group dropped their target price on V.F. from $19.00 to $18.00 and set a neutral rating for the company in a report on Monday, February 5th. Wedbush dropped their target price on V.F. from $15.50 to $13.00 and set a neutral rating for the company in a report on Tuesday, May 21st. JPMorgan Chase & Co. dropped their target price on V.F. from $16.00 to $12.00 and set a neutral rating for the company in a report on Monday, April 8th. Finally, Citigroup dropped their target price on V.F. from $16.00 to $13.00 and set a neutral rating for the company in a report on Wednesday, May 15th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $13.44.

V.F. Stock Up 3.1 %

Shares of VFC opened at $12.34 on Thursday. The business’s 50 day moving average is $13.24 and its 200 day moving average is $15.62. The company has a market capitalization of $4.80 billion, a PE ratio of -4.94, a price-to-earnings-growth ratio of 1.47 and a beta of 1.49. V.F. has a 12-month low of $11.00 and a 12-month high of $21.17. The company has a current ratio of 1.22, a quick ratio of 0.70 and a debt-to-equity ratio of 2.84.

V.F. (NYSE:VFC) last issued 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 the consensus estimate of $2.42 billion. During the same period last year, the business posted $0.17 EPS. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. Research analysts expect that V.F. will post 0.96 earnings per share for the current fiscal year.

V.F. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, June 10th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Monday, June 10th. V.F.’s dividend payout ratio is -14.40%.

Institutional Investors Weigh In On V.F.

Several hedge funds have recently made changes to their positions in the company. Cetera Advisors LLC purchased a new stake in shares of V.F. in the 1st quarter worth $317,000. Tidal Investments LLC purchased a new stake in shares of V.F. in the 1st quarter worth $1,089,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of V.F. in the 1st quarter worth $161,000. Janus Henderson Group PLC lifted its holdings in shares of V.F. by 322.9% in the 1st quarter. Janus Henderson Group PLC now owns 183,779 shares of the textile maker’s stock worth $2,818,000 after buying an additional 140,323 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of V.F. by 0.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 442,206 shares of the textile maker’s stock worth $6,784,000 after buying an additional 1,694 shares during the period. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

V.F. 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.