V.F. (NYSE:VFC) Receives Market Perform Rating from Telsey Advisory Group

V.F. (NYSE:VFC - Get Free Report)'s stock had its "market perform" rating restated by analysts at Telsey Advisory Group in a report released on Wednesday,Benzinga reports. They currently have a $14.00 price target on the textile maker's stock. Telsey Advisory Group's price objective points to a potential upside of 10.65% from the stock's previous close.

Other equities research analysts have also issued reports about the company. Piper Sandler decreased their price objective on V.F. from $18.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. BMO Capital Markets set a $15.00 price target on V.F. and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Barclays set a $16.00 price target on V.F. and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. UBS Group raised their price target on V.F. from $12.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Finally, The Goldman Sachs Group cut their price target on V.F. from $25.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Sixteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $16.21.

V.F. Stock Down 0.2%

NYSE VFC traded down $0.03 during trading on Wednesday, reaching $12.65. 5,237,297 shares of the company's stock were exchanged, compared to its average volume of 7,016,290. V.F. has a fifty-two week low of $9.41 and a fifty-two week high of $29.02. The firm has a market capitalization of $4.93 billion, a PE ratio of -25.31, a P/E/G ratio of 1.44 and a beta of 1.66. The company has a current ratio of 1.40, a quick ratio of 0.80 and a debt-to-equity ratio of 2.30. The company's fifty day simple moving average is $12.42 and its 200-day simple moving average is $16.38.

V.F. (NYSE:VFC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The textile maker reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.14) by $0.01. V.F. had a positive return on equity of 20.14% and a negative net margin of 1.97%. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the company posted ($0.32) EPS. The business's quarterly revenue was down 4.6% compared to the same quarter last year. Sell-side analysts predict that V.F. will post 0.73 EPS for the current year.

Insider Transactions at V.F.

In other news, insider Bracken Darrell acquired 85,840 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were bought at an average price of $11.73 per share, with a total value of $1,006,903.20. Following the acquisition, the insider owned 295,406 shares of the company's stock, valued at $3,465,112.38. This trade represents a 40.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Carucci acquired 50,000 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were purchased at an average cost of $12.05 per share, for a total transaction of $602,500.00. Following the acquisition, the director directly owned 280,282 shares in the company, valued at $3,377,398.10. This represents a 21.71% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 185,840 shares of company stock valued at $2,198,403. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of V.F.

Several institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in V.F. by 1,355.2% in the 1st quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker's stock valued at $6,276,000 after buying an additional 376,615 shares in the last quarter. Fiduciary Alliance LLC grew its position in V.F. by 61.1% in the second quarter. Fiduciary Alliance LLC now owns 481,091 shares of the textile maker's stock valued at $5,653,000 after acquiring an additional 182,495 shares during the period. Rhumbline Advisers grew its position in V.F. by 11.0% in the first quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker's stock valued at $14,414,000 after acquiring an additional 92,174 shares during the period. Entropy Technologies LP bought a new stake in V.F. in the first quarter valued at $749,000. Finally, Amalgamated Bank grew its position in V.F. by 46.2% in the first quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock valued at $2,365,000 after acquiring an additional 48,151 shares during the period. Institutional investors and hedge funds own 86.84% of the company's stock.

V.F. 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.