V.F. (NYSE:VFC) Stock Rating Upgraded by JPMorgan Chase & Co.

V.F. (NYSE:VFC) was upgraded by investment analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued to investors on Friday, MarketBeat reports. The firm presently has a $18.00 target price on the textile maker’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 24.05% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. The Goldman Sachs Group decreased their target price on V.F. from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft initiated coverage on V.F. in a research report on Thursday, September 17th. They set a “hold” rating and a $14.00 price target on the stock. UBS Group cut their price objective on V.F. from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Stifel Nicolaus decreased 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, Telsey Advisory Group lowered their target price on V.F. from $20.00 to $17.00 and set a “market perform” rating for the company in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.31.

V.F. Trading Up 0.9%

VFC opened at $14.51 on Friday. The firm’s fifty day moving average is $13.95 and its two-hundred day moving average is $16.22. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.78 and a current ratio of 1.43. The firm has a market cap of $5.70 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 0.76 and a beta of 1.56. V.F. has a twelve month low of $12.45 and a twelve month high of $22.27.

V.F. (NYSE:VFC) 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). V.F. had a net margin of 2.88% and a return on equity of 18.91%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm earned ($0.24) EPS. V.F.’s quarterly revenue was down 5.2% on a year-over-year basis. Equities research analysts anticipate that V.F. will post 1.08 EPS for the current year.

Insider Activity

In other news, insider Bracken Darrell bought 32,894 shares of the business’s stock in a transaction on Friday, July 31st. The shares were purchased at an average price of $14.98 per share, for a total transaction of $492,752.12. Following the purchase, the insider owned 1,402,109 shares of the company’s stock, valued at approximately $21,003,592.82. The trade was a 2.40% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Carucci purchased 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 transaction, the director owned 356,215 shares in the company, valued at approximately $5,247,046.95. The trade was a 5.95% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On V.F.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LifeGoal Investments LLC bought a new stake in shares of V.F. during the 3rd quarter worth approximately $191,000. Parrish Capital LLC lifted its stake in shares of V.F. by 37.2% during the 3rd quarter. Parrish Capital LLC now owns 60,101 shares of the textile maker’s stock worth $845,000 after buying an additional 16,303 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in V.F. during the second quarter worth approximately $171,000. Community Bank of Raymore boosted its stake in V.F. by 24.6% in the 2nd quarter. Community Bank of Raymore now owns 52,720 shares of the textile maker’s stock valued at $879,000 after purchasing an additional 10,400 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of V.F. by 15.7% in the second quarter. NewEdge Advisors LLC now owns 17,768 shares of the textile maker’s stock valued at $296,000 after acquiring an additional 2,406 shares during the period. 86.84% of the stock is currently owned by institutional investors and hedge funds.

V.F. Company Profile

V.F. Corporation (NYSE: VFC) is a global apparel, footwear and accessories company. Its portfolio includes well-known outdoor, active and workwear brands such as The North Face, Vans, Timberland and Dickies, which offer products ranging from outdoor clothing and hiking footwear to casual apparel, skate shoes and workwear.

The company sells its products through wholesale customers, brand-operated stores, e-commerce platforms and other digital channels. V.F. serves consumers in markets worldwide, with operations and distribution spanning North America, Europe, Asia-Pacific and other international regions.

Founded in 1899 as a manufacturer of gloves and mittens, the company later expanded into apparel and became known as Vanity Fair Mills before adopting the V.F.