V.F.’s (VFC) Buy Rating Reiterated at BTIG Research

BTIG Research reaffirmed their buy rating on shares of V.F. (NYSE:VFC) in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a $23.00 price objective on the textile maker’s stock.

Several other analysts have also recently issued reports on the stock. Telsey Advisory Group cut their price target 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. Williams Trading set a $22.00 target price on V.F. in a report on Thursday, October 15th. JPMorgan Chase & Co. raised V.F. from an “underweight” rating to a “neutral” rating and set a $18.00 target price for the company in a report on Friday, October 9th. Stifel Nicolaus reduced their price objective on V.F. from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Thursday, July 30th. Finally, Needham & Company LLC reissued a “buy” rating and set a $21.00 target price on shares of V.F. in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $18.33.

V.F. Stock Performance

Shares of VFC stock opened at $18.28 on Wednesday. V.F. has a 12 month low of $12.45 and a 12 month high of $22.27. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.47 and a quick ratio of 0.78. The firm has a market capitalization of $7.20 billion, a P/E ratio of 18.15, a P/E/G ratio of 0.85 and a beta of 1.56. The company’s fifty day moving average price is $14.70 and its two-hundred day moving average price is $16.96.

V.F. (NYSE:VFC) last posted its quarterly earnings data on Wednesday, October 28th. The textile maker reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.16. V.F. had a return on equity of 21.78% and a net margin of 3.93%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the business earned $0.52 EPS. V.F.’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, research analysts anticipate that V.F. will post 1.14 earnings per share for the current fiscal year.

V.F. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 10th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, December 10th. V.F.’s payout ratio is currently 52.17%.

Insider Buying and Selling

In other V.F. news, Director Richard Carucci purchased 20,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average cost of $14.73 per share, for a total transaction of $294,600.00. Following the completion of the acquisition, the director directly owned 356,215 shares in the company, valued at $5,247,046.95. This represents a 5.95% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On V.F.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd lifted its stake in shares of V.F. by 707.2% in the third quarter. Covestor Ltd now owns 2,349 shares of the textile maker’s stock valued at $33,000 after buying an additional 2,058 shares during the period. Parallel Advisors LLC grew its position in V.F. by 27.9% during the first quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock worth $46,000 after buying an additional 588 shares in the last quarter. Root Financial Partners LLC grew its position in V.F. by 282.9% during the first quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock worth $52,000 after buying an additional 2,255 shares in the last quarter. Provenance Wealth Advisors LLC bought a new position in V.F. during the third quarter valued at about $51,000. Finally, IFP Advisors Inc increased its stake in V.F. by 27.3% during the second quarter. IFP Advisors Inc now owns 6,682 shares of the textile maker’s stock valued at $111,000 after acquiring an additional 1,431 shares during the period. Institutional investors and hedge funds own 86.84% of the company’s stock.

Trending Headlines about V.F.

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

• Positive Sentiment: V.F. beat second-quarter expectations, reporting adjusted earnings of $0.70 per share versus the $0.54 consensus and revenue of $2.70 billion versus estimates of $2.66 billion. Management reaffirmed its outlook, while Timberland, The North Face and Altra performed well. V.F. Corp beats FQ2 estimates as Vans weakness continues
• Positive Sentiment: Margin recovery is becoming a key investment catalyst. The earnings coverage highlighted improving profitability and a return to growth in Vans direct-to-consumer sales for the first time in five years, suggesting turnaround initiatives may be gaining traction. V.F. Stock Climbs As Q2 Results Sharpen Margin Recovery
• Positive Sentiment: BTIG reaffirmed a “Buy” rating, and several analysts raised their forecasts or price targets after the strong quarter. The company also maintained its quarterly dividend of $0.09 per share, providing an annualized yield of approximately 2.1%. V.F. Stock Rating Reaffirmed as Buy by BTIG Research
• Neutral Sentiment: Analyst sentiment improved but remains cautious. BNP Paribas Exane upgraded VFC from “underperform” to “neutral” and lifted its target to $16, while Robert W. Baird maintains “neutral” with a $16 target and Deutsche Bank maintains “hold” with a $19 target. These targets imply limited or negative upside from the current trading level. BNP Paribas upgrades VF to neutral from underperform
• Negative Sentiment: Vans remains a notable weakness despite early signs of stabilization, and unusually heavy put-option activity indicates that some traders are positioning for downside or increased volatility.

About V.F.

V.F. Corporation, commonly known as VF Corporation, is a global apparel, footwear and accessories company. Its brand portfolio includes The North Face, Vans, Timberland, Dickies, JanSport, Smartwool, Icebreaker, Kipling, Eastpak and Napapijri. These brands serve outdoor, active, workwear, lifestyle and youth-oriented markets.

VF sells products through wholesale partners, company-operated retail stores, brand websites and other digital channels. Its offerings include jackets, outdoor and performance apparel, footwear, backpacks, luggage and workwear.