Telsey Advisory Group Reiterates “Market Perform” Rating for VF (NYSE:VFC)

Telsey Advisory Group reaffirmed their market perform rating on shares of VF (NYSE:VFC) in a research note published on Wednesday morning,Benzinga reports. Telsey Advisory Group currently has a $21.00 target price on the textile maker’s stock.

A number of other research firms also recently issued reports on VFC. Jefferies Financial Group boosted their price objective on shares of VF from $21.00 to $24.00 and gave the company a “hold” rating in a report on Tuesday. TD Cowen increased their price target on VF from $16.00 to $19.00 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Wells Fargo & Company lowered VF from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $16.00 to $15.00 in a research note on Monday, October 14th. The Goldman Sachs Group initiated coverage on VF in a research report on Friday, October 11th. They set a “neutral” rating and a $20.00 target price for the company. Finally, StockNews.com upgraded VF from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.84.

VF Trading Down 4.3 %

VF stock opened at $25.44 on Wednesday. The stock’s 50 day moving average is $21.98 and its 200-day moving average is $19.61. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 2.86. VF has a 12 month low of $11.00 and a 12 month high of $29.02.

VF (NYSE:VFC) last posted its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. During the same quarter in the previous year, the business posted $0.57 EPS. As a group, sell-side analysts expect that VF will post 0.48 EPS for the current fiscal year.

VF Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.42%. VF’s dividend payout ratio (DPR) is presently -20.81%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VFC. Future Financial Wealth Managment LLC bought a new position in VF during the 3rd quarter valued at $40,000. CKW Financial Group lifted its position in shares of VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in VF by 100.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after purchasing an additional 3,008 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in VF in the 2nd quarter worth about $241,000. Finally, Quent Capital LLC increased its stake in VF by 1,917.1% in the 3rd quarter. Quent Capital LLC now owns 12,627 shares of the textile maker’s stock valued at $247,000 after buying an additional 12,001 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

VF Company Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.