VF (NYSE:VFC)‘s stock had its “neutral” rating reissued by equities researchers at JPMorgan Chase & Co. in a report issued on Tuesday, February 20th. They presently have a $78.00 target price on the textile maker’s stock, down from their prior target price of $82.00. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 4.35% from the company’s current price.
VFC has been the subject of a number of other reports. Cowen set a $69.00 price target on VF and gave the company a “hold” rating in a research note on Monday, October 23rd. UBS Group restated a “buy” rating and issued a $77.00 price objective (up from $66.00) on shares of VF in a research note on Tuesday, October 24th. Pivotal Research set a $95.00 price objective on VF and gave the stock a “buy” rating in a research note on Wednesday, February 14th. DA Davidson lifted their price target on VF to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, October 24th. Finally, Robert W. Baird reiterated an “average” rating and set a $84.00 price target on shares of VF in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $75.55.
VF (NYSE:VFC) traded up $1.28 on Tuesday, hitting $74.75. The stock had a trading volume of 2,381,657 shares, compared to its average volume of 3,310,000. VF has a fifty-two week low of $51.22 and a fifty-two week high of $84.38. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.59. The company has a market cap of $29,650.00, a P/E ratio of 41.76, a price-to-earnings-growth ratio of 2.10 and a beta of 0.96.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in VFC. Lord Abbett & CO. LLC acquired a new position in VF during the 2nd quarter worth $9,602,000. Rockefeller Financial Services Inc. acquired a new position in shares of VF during the 3rd quarter worth about $686,000. Whittier Trust Co. boosted its position in shares of VF by 2.8% during the 3rd quarter. Whittier Trust Co. now owns 64,863 shares of the textile maker’s stock worth $4,123,000 after acquiring an additional 1,794 shares in the last quarter. Trust Co. of Vermont boosted its position in shares of VF by 8.0% during the 3rd quarter. Trust Co. of Vermont now owns 10,030 shares of the textile maker’s stock worth $637,000 after acquiring an additional 746 shares in the last quarter. Finally, Leavell Investment Management Inc. boosted its position in shares of VF by 14.9% during the 3rd quarter. Leavell Investment Management Inc. now owns 11,756 shares of the textile maker’s stock worth $747,000 after acquiring an additional 1,525 shares in the last quarter. 85.49% of the stock is owned by hedge funds and other institutional investors.
VF Company Profile
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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