V.F. (NYSE:VFC) Downgraded to “Hold” Rating by Wall Street Zen

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

VFC has been the subject of a number of other reports. Citigroup started coverage on V.F. in a report on Thursday, May 21st. They set a “neutral” rating and a $18.00 price target for the company. Truist Financial decreased their target price on V.F. from $18.00 to $15.00 and set a “hold” rating on the stock in a report on Thursday, May 21st. Seaport Research Partners upgraded V.F. from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, April 14th. Williams Trading set a $19.00 target price on V.F. in a research note on Sunday, May 17th. Finally, Evercore set a $18.00 price target on V.F. in a report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.58.

V.F. Price Performance

V.F. stock traded up $0.25 during trading hours on Friday, hitting $16.78. 4,147,642 shares of the stock were exchanged, compared to its average volume of 6,186,670. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.21 and a current ratio of 1.84. The stock has a market capitalization of $6.58 billion, a P/E ratio of 26.22, a P/E/G ratio of 1.35 and a beta of 1.56. V.F. has a 12 month low of $11.10 and a 12 month high of $22.27. The business’s 50-day moving average is $17.11 and its two-hundred day moving average is $18.23.

V.F. (NYSE:VFC) last posted its earnings results on Wednesday, May 20th. The textile maker reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.28). The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.13 billion. V.F. had a net margin of 2.65% and a return on equity of 21.05%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.13) EPS. Equities research analysts expect that V.F. will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Richard Carucci acquired 30,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were purchased at an average cost of $17.17 per share, for a total transaction of $515,100.00. Following the transaction, the director owned 336,043 shares of the company’s stock, valued at approximately $5,769,858.31. This represents a 9.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On V.F.

Several large investors have recently made changes to their positions in VFC. Hillsdale Investment Management Inc. bought a new position in V.F. during the 1st quarter worth approximately $3,209,000. Russell Investments Group Ltd. boosted its stake in shares of V.F. by 14.0% in the 4th quarter. Russell Investments Group Ltd. now owns 659,773 shares of the textile maker’s stock valued at $11,930,000 after purchasing an additional 81,006 shares during the last quarter. Fiduciary Alliance LLC increased its position in shares of V.F. by 10.3% during the fourth quarter. Fiduciary Alliance LLC now owns 647,496 shares of the textile maker’s stock worth $11,707,000 after buying an additional 60,619 shares during the period. Entropy Technologies LP acquired a new stake in shares of V.F. during the first quarter worth $815,000. Finally, Captrust Financial Advisors raised its stake in V.F. by 28.0% during the fourth quarter. Captrust Financial Advisors now owns 90,873 shares of the textile maker’s stock worth $1,643,000 after buying an additional 19,880 shares during the last quarter. Institutional investors and hedge funds 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.