VF (NYSE:VFC) received a $78.00 target price from equities researchers at Stifel Nicolaus in a research report issued to clients and investors on Saturday, December 16th. The firm currently has a “hold” rating on the textile maker’s stock. Stifel Nicolaus’ price target points to a potential upside of 1.05% from the stock’s current price.
Several other equities analysts have also recently commented on VFC. Sanford C. Bernstein started coverage on shares of VF in a research report on Tuesday, September 12th. They issued a “market perform” rating and a $67.00 price target for the company. Cowen reaffirmed a “hold” rating and set a $63.00 price objective on shares of VF in a research report on Thursday, September 21st. Piper Jaffray Companies set a $64.00 price objective on shares of VF and gave the stock a “hold” rating in a research report on Sunday, October 1st. Pivotal Research started coverage on shares of VF in a research report on Thursday, October 5th. They set a “buy” rating and a $75.00 price objective for the company. Finally, Susquehanna Bancshares reaffirmed a “buy” rating and set a $75.00 price objective on shares of VF in a research report on Monday, October 16th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $68.43.
Shares of VF (VFC) traded up $1.09 during mid-day trading on Friday, reaching $77.19. 2,330,000 shares of the company’s stock traded hands, compared to its average volume of 2,280,000. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.47 and a quick ratio of 0.97. VF has a 52 week low of $48.05 and a 52 week high of $78.70. The stock has a market cap of $30,500.00, a PE ratio of 32.03, a PEG ratio of 2.13 and a beta of 0.80.
In related news, VP Aidan O’meara sold 5,000 shares of VF stock in a transaction on Friday, November 10th. The shares were sold at an average price of $69.97, for a total transaction of $349,850.00. Following the sale, the vice president now directly owns 96,344 shares in the company, valued at approximately $6,741,189.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Clarence Otis, Jr. sold 12,552 shares of VF stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $69.37, for a total transaction of $870,732.24. Following the sale, the director now owns 26,053 shares in the company, valued at $1,807,296.61. The disclosure for this sale can be found here. Insiders have sold a total of 254,660 shares of company stock worth $18,035,832 over the last quarter. 1.60% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Street Advisors Inc. NC increased its stake in VF by 1.0% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 83,580 shares of the textile maker’s stock valued at $6,185,000 after purchasing an additional 823 shares during the period. Oak Point Wealth Management acquired a new position in VF in the fourth quarter valued at $1,479,000. Pensionfund Sabic acquired a new position in VF in the fourth quarter valued at $1,850,000. Pensionfund DSM Netherlands acquired a new position in VF in the fourth quarter valued at $3,700,000. Finally, Parametric Portfolio Associates LLC increased its stake in VF by 8.0% in the third quarter. Parametric Portfolio Associates LLC now owns 1,000,746 shares of the textile maker’s stock valued at $63,617,000 after purchasing an additional 73,716 shares during the period.
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V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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