V.F. (NYSE:VFC) Raised to “Strong-Buy” at Truist Financial

V.F. (NYSE:VFC) was upgraded by research analysts at Truist Financial from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday, Marketbeat.com reports. The firm currently has a $20.00 target price on the textile maker’s stock. Truist Financial’s price target would indicate a potential upside of 24.76% from the company’s previous close.

Several other research analysts have also recently issued reports on VFC. Weiss Ratings reissued a “sell (d+)” rating on shares of V.F. in a research report on Tuesday, September 1st. The Goldman Sachs Group cut their price target 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. Piper Sandler raised shares of V.F. from a “neutral” rating to an “overweight” rating and upped their price target for the company from $16.00 to $20.00 in a research report on Tuesday. UBS Group lowered their price objective on shares of V.F. from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Finally, Needham & Company LLC lowered their price objective on shares of V.F. from $25.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.92.

V.F. Stock Performance

VFC stock opened at $16.03 on Tuesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.43 and a quick ratio of 0.78. V.F. has a 1 year low of $12.45 and a 1 year high of $22.27. The company has a market cap of $6.30 billion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 0.84 and a beta of 1.56. The stock’s fifty day moving average price is $13.99 and its 200-day moving average price is $16.19.

V.F. (NYSE:VFC) last issued its quarterly earnings data on Wednesday, July 29th. The textile maker reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.05). The firm had revenue of $1.67 billion during 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 business’s revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.24) EPS. On average, equities analysts forecast that V.F. will post 1.08 earnings per share for the current year.

Insider Buying and Selling at V.F.

In related news, insider Bracken Darrell acquired 32,894 shares of V.F. stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of $14.98 per share, for a total transaction of $492,752.12. Following the purchase, the insider directly owned 1,402,109 shares of the company’s stock, valued at approximately $21,003,592.82. This trade represents a 2.40% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard Carucci bought 20,000 shares of the firm’s stock in a transaction that occurred on 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 owned 356,215 shares in the company, valued at $5,247,046.95. This trade represents a 5.95% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.54% of the company’s stock.

Institutional Trading of V.F.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new position in V.F. in the 2nd quarter worth about $42,038,000. Squarepoint Ops LLC increased its position 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 acquiring an additional 1,335,057 shares during the period. Varenne Capital Partners purchased a new position in shares of V.F. during the second quarter worth approximately $13,671,000. Madison Asset Management LLC bought a new stake in shares of V.F. during the second quarter valued at approximately $3,913,000. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of V.F. during the first quarter valued at approximately $3,209,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

V.F. News Roundup

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

• Positive Sentiment: Piper Sandler upgraded VFC to Overweight from Neutral, signaling increased confidence in the company’s recovery potential and supporting the stock’s upward momentum. Piper Sandler upgrades VF to overweight from neutral
• Positive Sentiment: Barclays expressed optimism that VFC’s turnaround remains undervalued. The view suggests investors may not yet be fully pricing in potential improvements in the company’s brands, operations and financial performance. V.F. rises on Barclays optimism
• Positive Sentiment: JPMorgan upgraded VFC to Neutral from Underweight, removing a bearish stance and helping improve sentiment toward the stock. The upgrade indicates reduced downside concerns, even though it does not represent a bullish rating. JP Morgan upgrades VF to neutral from underweight
• Positive Sentiment: Recent gains occurred on above-average volume, while earnings-estimate revisions have shown signs of improvement, potentially indicating stronger investor interest and expectations for additional upside. Strength seen in V.F.
• Neutral Sentiment: Stifel Nicolaus maintained its Hold rating. The decision provides no new positive catalyst and underscores that some analysts remain cautious about the pace and durability of VFC’s turnaround. Stifel Nicolaus maintains Hold rating

About V.F.

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.