V.F.'s (VFC) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of V.F. (NYSE:VFC - Free Report) in a research report sent to investors on Thursday, Marketbeat reports. The brokerage currently has a $13.00 price objective on the textile maker's stock, down from their previous price objective of $18.00. Telsey Advisory Group also issued estimates for V.F.'s FY2024 earnings at $1.08 EPS, Q3 2025 earnings at $0.64 EPS and Q4 2025 earnings at $0.18 EPS.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. lowered their price target on V.F. from $16.00 to $12.00 and set a neutral rating on the stock in a report on Monday, April 8th. StockNews.com raised V.F. from a sell rating to a hold rating in a research report on Thursday, February 8th. Citigroup cut their price objective on shares of V.F. from $16.00 to $13.00 and set a neutral rating on the stock in a report on Wednesday, May 15th. Wells Fargo & Company decreased their price target on shares of V.F. from $17.00 to $14.00 and set an equal weight rating for the company in a research report on Wednesday, February 7th. Finally, BNP Paribas restated a neutral rating and set a $14.00 price target (down previously from $18.00) on shares of V.F. in a research note on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, V.F. has a consensus rating of Hold and a consensus price target of $14.59.

V.F. Trading Down 2.9 %

NYSE:VFC traded down $0.36 during mid-day trading on Thursday, reaching $11.97. 27,050,980 shares of the company's stock traded hands, compared to its average volume of 8,878,402. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.23 and a quick ratio of 0.70. The company has a 50 day moving average price of $13.29 and a 200-day moving average price of $15.65. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of -6.08, a PEG ratio of 1.40 and a beta of 1.49. V.F. has a 12-month low of $11.00 and a 12-month high of $21.17.

V.F. (NYSE:VFC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.34). The company had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.42 billion. V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The business's quarterly revenue was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 EPS. On average, sell-side analysts predict that V.F. will post 1.06 earnings per share for the current year.

V.F. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.01%. V.F.'s dividend payout ratio is currently -18.27%.

Institutional Trading of V.F.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Yousif Capital Management LLC grew its holdings in V.F. by 1.5% in the 3rd quarter. Yousif Capital Management LLC now owns 59,071 shares of the textile maker's stock worth $1,044,000 after buying an additional 880 shares in the last quarter. Daiwa Securities Group Inc. grew its position in V.F. by 8.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 29,244 shares of the textile maker's stock worth $517,000 after purchasing an additional 2,362 shares in the last quarter. SteelPeak Wealth LLC acquired a new position in V.F. during the third quarter valued at $227,000. Empower Advisory Group LLC lifted its position in shares of V.F. by 14.0% in the third quarter. Empower Advisory Group LLC now owns 397,256 shares of the textile maker's stock worth $7,020,000 after purchasing an additional 48,754 shares in the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of V.F. during the 3rd quarter valued at $233,000. 86.84% of the stock is owned by 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 related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.