Telsey Advisory Group Raises VF (NYSE:VFC) Price Target to $21.00

VF (NYSE:VFC) had its price objective lifted by research analysts at Telsey Advisory Group from $19.00 to $21.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the textile maker’s stock. Telsey Advisory Group’s target price suggests a potential upside of 23.35% from the stock’s current price.

Other research analysts also recently issued reports about the company. Argus upgraded VF to a “hold” rating in a report on Wednesday, August 28th. Stifel Nicolaus lifted their price target on shares of VF from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, October 14th. TD Cowen boosted their target price on VF from $9.00 to $16.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. UBS Group upped their target price on VF from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. lowered their price target on VF from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.53.

VF Trading Up 1.8 %

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

VF (NYSE:VFC) last released its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.04. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.15) earnings per share. Analysts forecast that VF will post 0.6 earnings per share for the current year.

Insider Activity at VF

In other news, Director Richard Carucci purchased 15,000 shares of the company’s stock in a transaction dated 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 purchase, the director now directly owns 230,178 shares in the company, valued at approximately $3,843,972.60. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On VF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank & Trust Co acquired a new stake in shares of VF during the 2nd quarter worth about $35,000. Versant Capital Management Inc raised its position in VF by 6,981.1% in the second 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 period. Future Financial Wealth Managment LLC purchased a new position in shares of VF during the third quarter worth $40,000. EverSource Wealth Advisors LLC grew its stake in shares of VF by 50.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock valued at $41,000 after buying an additional 895 shares in the last quarter. Finally, Heritage Wealth Advisors boosted its holdings in 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 acquiring an additional 2,316 shares during the period. Institutional investors and hedge funds 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.