V.F. (NYSE:VFC) Downgraded to Hold Rating by Zacks Research

by · The Cerbat Gem

Zacks Research downgraded shares of V.F. (NYSE:VFCFree Report) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks.com reports.

VFC has been the topic of a number of other reports. Seaport Research Partners upgraded V.F. from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Tuesday, April 14th. JPMorgan Chase & Co. restated an “underweight” rating and set a $18.00 price objective (down from $19.00) on shares of V.F. in a research report on Monday, February 23rd. Piper Sandler boosted 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. BTIG Research upgraded V.F. from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Wednesday, May 6th. Finally, Weiss Ratings downgraded shares of V.F. from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, V.F. has a consensus rating of “Hold” and an average price target of $18.58.

Check Out Our Latest Research Report on VFC

V.F. Stock Performance

V.F. stock opened at $16.66 on Monday. The company has a market cap of $6.53 billion, a PE ratio of 26.03, a P/E/G ratio of 1.32 and a beta of 1.62. The company has a fifty day moving average price of $17.89 and a two-hundred day moving average price of $18.27. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.84 and a quick ratio of 1.21. V.F. has a 12 month low of $11.06 and a 12 month high of $22.27.

V.F. (NYSE:VFCGet Free Report) last released its quarterly earnings data on Wednesday, May 20th. The textile maker reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.28). V.F. had a return on equity of 21.05% and a net margin of 2.65%.The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the company earned ($0.13) EPS. V.F.’s revenue was up 1.1% compared to the same quarter last year. Research analysts expect that V.F. will post 1.12 earnings per share for the current year.

V.F. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Wednesday, June 10th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, June 10th. V.F.’s dividend payout ratio is 56.25%.

Hedge Funds Weigh In On V.F.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Essential Partners LLC grew its holdings in V.F. by 14.3% in the 1st quarter. Essential Partners LLC now owns 54,167 shares of the textile maker’s stock worth $920,000 after buying an additional 6,777 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in V.F. by 6.7% in the 1st quarter. Arkadios Wealth Advisors now owns 77,213 shares of the textile maker’s stock worth $1,312,000 after buying an additional 4,845 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in V.F. by 125.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 15,604 shares of the textile maker’s stock worth $265,000 after buying an additional 8,689 shares in the last quarter. Entropy Technologies LP acquired a new stake in V.F. in the first quarter worth about $815,000. Finally, Parallel Advisors LLC lifted its holdings in V.F. by 27.9% in the first quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock worth $46,000 after purchasing an additional 588 shares during the period. 86.84% of the stock is owned by institutional investors.

More V.F. News

Here are the key news stories impacting V.F. this week:

V.F. Company Profile

(Get Free Report)

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.

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