V.F. (NYSE:VFC) Earns Hold Rating from Deutsche Bank Aktiengesellschaft

V.F. (NYSE:VFC)‘s stock had its “hold” rating reiterated by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Thursday, Benzinga reports. They presently have a $14.00 target price on the textile maker’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 8.57% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of V.F. from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. The Goldman Sachs Group cut their price target on shares of V.F. from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. BTIG Research reiterated a “buy” rating on shares of V.F. in a research note on Friday, July 24th. Citigroup initiated coverage on shares of V.F. in a report on Thursday, May 21st. They set a “neutral” rating and a $18.00 price objective for the company. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of V.F. in a research report on Tuesday, September 1st. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.42.

V.F. Stock Up 1.3%

NYSE:VFC traded up $0.17 on Thursday, reaching $12.89. The stock had a trading volume of 661,259 shares, compared to its average volume of 7,125,076. The company has a 50-day moving average of $14.85 and a 200 day moving average of $16.59. The company has a current ratio of 1.43, a quick ratio of 0.78 and a debt-to-equity ratio of 1.70. The stock has a market cap of $5.07 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 0.91 and a beta of 1.57. V.F. has a 12-month low of $12.45 and a 12-month high of $22.27.

V.F. (NYSE:VFC) last announced its earnings results on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.64 billion. V.F. had a return on equity of 18.91% and a net margin of 2.88%.The firm’s revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.24) earnings per share. On average, research analysts predict that V.F. will post 1.08 earnings per share for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On V.F.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new stake in V.F. in the 2nd quarter worth about $42,038,000. Squarepoint Ops LLC boosted its holdings in shares of V.F. by 298.1% during the second quarter. Squarepoint Ops LLC now owns 1,782,904 shares of the textile maker’s stock worth $29,739,000 after purchasing an additional 1,335,057 shares during the period. Varenne Capital Partners acquired a new position in V.F. in the 2nd quarter valued at approximately $13,671,000. Madison Asset Management LLC purchased a new stake in V.F. in the 2nd quarter worth approximately $3,913,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in V.F. in the 1st quarter worth approximately $3,209,000. 86.84% of the stock is currently owned by institutional investors and hedge funds.

About V.F.

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.