V.F. (NYSE:VFC) Raised to “Buy” at Wall Street Zen

V.F. (NYSE:VFC) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Other equities research analysts have also recently issued reports about the company. Telsey Advisory Group set a $20.00 price target on V.F. in a research note on Thursday, January 29th. Piper Sandler raised their price objective on V.F. from $14.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Guggenheim started coverage on shares of V.F. in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Robert W. Baird set a $25.00 target price on shares of V.F. in a research report on Wednesday, December 17th. Finally, Truist Financial set a $18.00 price target on shares of V.F. in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, V.F. has an average rating of “Hold” and a consensus price target of $18.16.

V.F. Stock Performance

Shares of VFC opened at $16.98 on Friday. The company has a 50-day simple moving average of $19.06 and a two-hundred day simple moving average of $17.23. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.55 and a quick ratio of 1.03. The firm has a market capitalization of $6.64 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. V.F. has a one year low of $9.41 and a one year high of $21.92.

V.F. (NYSE:VFC) last posted its earnings results on Wednesday, January 28th. The textile maker reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.15. V.F. had a return on equity of 19.08% and a net margin of 2.33%.The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the business earned $0.62 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts anticipate that V.F. will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Juliana L. Chugg sold 6,678 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $21.30, for a total value of $142,241.40. Following the sale, the director directly owned 40 shares of the company’s stock, valued at approximately $852. This represents a 99.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On V.F.

Several large investors have recently modified their holdings of the stock. Segall Bryant & Hamill LLC grew its position in V.F. by 43.4% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 4,938,084 shares of the textile maker’s stock valued at $71,257,000 after purchasing an additional 1,495,148 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in V.F. by 104.7% in the second quarter. Russell Investments Group Ltd. now owns 567,886 shares of the textile maker’s stock worth $6,673,000 after buying an additional 290,444 shares during the last quarter. Fiduciary Alliance LLC lifted its stake in shares of V.F. by 22.0% in the third quarter. Fiduciary Alliance LLC now owns 586,877 shares of the textile maker’s stock worth $8,469,000 after buying an additional 105,786 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of V.F. by 21.3% in the second quarter. New York State Common Retirement Fund now owns 573,649 shares of the textile maker’s stock worth $6,740,000 after buying an additional 100,680 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of V.F. by 115.2% during the third quarter. SG Americas Securities LLC now owns 113,951 shares of the textile maker’s stock valued at $1,644,000 after buying an additional 60,998 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

V.F. Company Profile

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.