V.F. (NYSE:VFC) Price Target Cut to $18.00

V.F. (NYSE:VFCGet Free Report) had its price objective reduced by stock analysts at UBS Group from $19.00 to $18.00 in a report released on Monday, Benzinga reports. The firm presently has a “neutral” rating on the textile maker’s stock. UBS Group’s price objective would suggest a potential upside of 6.10% from the stock’s previous close.

VFC has been the topic of several other reports. Piper Sandler reduced their target price on V.F. from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, October 31st. Citigroup reduced their target price on V.F. from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. Stifel Nicolaus reduced their price objective on V.F. from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Williams Trading reaffirmed a “sell” rating on shares of V.F. in a research note on Thursday, January 25th. Finally, JPMorgan Chase & Co. raised V.F. from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $15.00 to $19.00 in a research note on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, V.F. presently has an average rating of “Hold” and a consensus target price of $19.77.

Check Out Our Latest Stock Analysis on VFC

V.F. Stock Up 2.6 %

VFC opened at $16.97 on Monday. V.F. has a 1-year low of $12.85 and a 1-year high of $29.60. The stock’s fifty day simple moving average is $17.59 and its 200 day simple moving average is $17.75. The company has a current ratio of 1.48, a quick ratio of 0.78 and a debt-to-equity ratio of 2.56. The stock has a market cap of $6.60 billion, a PE ratio of -30.85, a price-to-earnings-growth ratio of 1.72 and a beta of 1.50.

Insider Transactions at V.F.

In related news, Director Matthew J. Shattock acquired 20,000 shares of the stock in a transaction dated Friday, November 10th. The stock was bought at an average cost of $14.58 per share, for a total transaction of $291,600.00. Following the completion of the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at $583,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On V.F.

Hedge funds have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd increased its holdings in V.F. by 106.9% in the first quarter. Point72 Hong Kong Ltd now owns 1,131 shares of the textile maker’s stock worth $64,000 after purchasing an additional 17,451 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in V.F. by 2,835.6% in the fourth quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 1,276 shares during the period. International Assets Investment Management LLC purchased a new position in shares of V.F. during the third quarter valued at approximately $27,000. PCA Investment Advisory Services Inc. purchased a new position in shares of V.F. during the second quarter valued at approximately $31,000. Finally, CKW Financial Group purchased a new position in shares of V.F. during the third quarter valued at approximately $30,000. 80.81% of the stock is currently owned by institutional investors.

V.F. Company Profile

(Get Free Report)

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.

Further Reading

Analyst Recommendations for V.F. (NYSE:VFC)

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