V.F. (NYSE:VFC) Rating Lowered to Hold at Robert W. Baird

by · The Cerbat Gem

V.F. (NYSE:VFC – Get Free Report) was downgraded by investment analysts at Robert W. Baird from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

A number of other equities analysts also recently issued reports on VFC. Telsey Advisory Group cut their price objective on shares of V.F. from $20.00 to $17.00 and set a “market perform” rating on the stock in a report on Thursday, July 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of V.F. in a research report on Tuesday, September 1st. Zacks Research lowered shares of V.F. from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Needham & Company LLC cut their price target on shares of V.F. from $25.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, July 29th. Finally, Citigroup started coverage on shares of V.F. in a research report on Thursday, May 21st. They issued a “neutral” rating and a $18.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, V.F. has a consensus rating of “Hold” and a consensus price target of $17.62.

Get Our Latest Report on VFC

V.F. Stock Down 0.6%

VFC stock opened at $13.10 on Monday. The firm has a market capitalization of $5.15 billion, a PE ratio of 18.98, a P/E/G ratio of 0.94 and a beta of 1.57. The company has a quick ratio of 0.78, a current ratio of 1.43 and a debt-to-equity ratio of 1.70. V.F. has a twelve month low of $12.45 and a twelve month high of $22.27. The stock’s 50 day moving average is $15.00 and its 200-day moving average is $16.69.

V.F. (NYSE:VFC – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.05). The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.64 billion. V.F. had a return on equity of 18.91% and a net margin of 2.88%.The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.24) EPS. Sell-side analysts expect that V.F. will post 1.08 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Bracken Darrell acquired 32,894 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average price of $14.98 per share, for a total transaction of $492,752.12. Following the completion of the purchase, the insider owned 1,402,109 shares in the company, valued at approximately $21,003,592.82. This trade represents a 2.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard Carucci acquired 20,000 shares of V.F. stock in a transaction on Thursday, August 13th. The shares were purchased at an average cost of $14.73 per share, with a total value of $294,600.00. Following the completion of the acquisition, the director owned 356,215 shares of the company’s stock, valued at $5,247,046.95. This trade represents a 5.95% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Optimize Financial Inc raised its stake in V.F. by 1.5% in the 4th quarter. Optimize Financial Inc now owns 40,379 shares of the textile maker’s stock valued at $730,000 after acquiring an additional 580 shares during the period. Parallel Advisors LLC lifted its holdings in V.F. by 27.9% during the first quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock valued at $46,000 after purchasing an additional 588 shares during the last quarter. HB Wealth Management LLC boosted its position in V.F. by 4.9% during the second quarter. HB Wealth Management LLC now owns 30,687 shares of the textile maker’s stock worth $512,000 after purchasing an additional 1,428 shares during the period. IFP Advisors Inc boosted its position in V.F. by 27.3% during the second quarter. IFP Advisors Inc now owns 6,682 shares of the textile maker’s stock worth $111,000 after purchasing an additional 1,431 shares during the period. Finally, Hsbc Holdings PLC increased its stake in shares of V.F. by 7.7% in the second quarter. Hsbc Holdings PLC now owns 29,518 shares of the textile maker’s stock worth $492,000 after purchasing an additional 2,121 shares in the last quarter. Institutional investors own 86.84% of the company’s stock.

About V.F.

(Get Free Report)

V.F. Corporation, also known as VF Corporation, is a global apparel, footwear and accessories company. Its portfolio includes recognized outdoor, active, workwear and lifestyle brands such as The North Face, Vans, Timberland, Dickies, JanSport and Eastpak.

The company develops, markets and distributes products including jackets, outdoor and performance apparel, footwear, backpacks, luggage and workwear. Its brands serve consumers through wholesale partners, company-operated and franchised stores, and e-commerce platforms.

Founded in 1899 as the Reading Glove and Mitten Company, the business later adopted the name Vanity Fair Mills and became VF Corporation.

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