Telsey Advisory Group Reiterates “Market Perform” Rating for V.F. (NYSE:VFC)

V.F. (NYSE:VFC)‘s stock had its “market perform” rating reaffirmed by equities researchers at Telsey Advisory Group in a research report issued on Thursday, Benzinga reports. They presently have a $13.00 price target on the textile maker’s stock, down from their previous price target of $18.00. Telsey Advisory Group’s price target points to a potential upside of 5.26% from the company’s previous close. 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.

A number of other equities analysts have also recently issued reports on the stock. Citigroup lowered their price objective on shares of V.F. from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, May 15th. Wedbush decreased their price objective on shares of V.F. from $15.50 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday. Williams Trading reiterated a “sell” rating on shares of V.F. in a research report on Thursday, January 25th. BNP Paribas reissued a “neutral” rating and set a $14.00 target price (down from $18.00) on shares of V.F. in a research note on Friday, April 12th. Finally, UBS Group cut their target price on shares of V.F. from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.84.

V.F. Stock Performance

Shares of V.F. stock opened at $12.35 on Thursday. The company has a 50 day moving average of $13.34 and a 200-day moving average of $15.67. V.F. has a 1-year low of $11.91 and a 1-year high of $21.17. The company has a current ratio of 1.23, a quick ratio of 0.70 and a debt-to-equity ratio of 2.25. The company has a market cap of $4.80 billion, a PE ratio of -6.27, a price-to-earnings-growth ratio of 1.40 and a beta of 1.49.

V.F. (NYSE:VFC) last issued its quarterly earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34). V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the company posted $0.17 EPS. The business’s revenue was down 13.4% on a year-over-year basis. As a group, equities research analysts forecast that V.F. will post 1.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On V.F.

Institutional investors have recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC grew its position in shares of V.F. by 2,835.6% during the 4th quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 1,276 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of V.F. during the 4th quarter valued at approximately $25,000. Mather Group LLC. bought a new position in shares of V.F. during the 1st quarter valued at approximately $27,000. Future Financial Wealth Managment LLC bought a new position in shares of V.F. during the 1st quarter valued at approximately $31,000. Finally, Allworth Financial LP grew its position in shares of V.F. by 111.5% during the 4th quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 958 shares during the period. 86.84% of the stock is owned by institutional investors.

About V.F.

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.