VF (NYSE:VFC) received a $78.00 target price from equities research analysts at Stifel Nicolaus in a report issued on Saturday. The brokerage currently has a “hold” rating on the textile maker’s stock. Stifel Nicolaus’ price target suggests a potential upside of 4.82% from the stock’s current price.
VFC has been the topic of a number of other research reports. Cowen set a $69.00 target price on shares of VF and gave the company a “hold” rating in a research report on Monday, October 23rd. UBS reiterated a “buy” rating and set a $77.00 target price (up previously from $66.00) on shares of VF in a research report on Tuesday, October 24th. Pivotal Research began coverage on shares of VF in a research report on Thursday, October 5th. They set a “buy” rating and a $75.00 target price on the stock. DA Davidson upped their price objective on shares of VF to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, October 24th. Finally, Canaccord Genuity set a $81.00 price objective on shares of VF and gave the stock a “buy” rating in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $66.79.
VF (NYSE:VFC) opened at $74.41 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.47. VF has a 1 year low of $48.05 and a 1 year high of $74.87. The stock has a market cap of $29,403.04, a price-to-earnings ratio of 24.48, a P/E/G ratio of 2.38 and a beta of 0.80.
In related news, CEO Steven E. Rendle sold 65,604 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $70.57, for a total transaction of $4,629,674.28. Following the completion of the transaction, the chief executive officer now owns 162,235 shares in the company, valued at $11,448,923.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Scott H. Baxter sold 39,694 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $71.50, for a total transaction of $2,838,121.00. Following the transaction, the vice president now owns 112,202 shares of the company’s stock, valued at approximately $8,022,443. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 254,660 shares of company stock valued at $18,035,832. 1.60% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of VFC. Eaton Vance Management boosted its position in VF by 1,249.7% during the second quarter. Eaton Vance Management now owns 930,352 shares of the textile maker’s stock worth $53,588,000 after purchasing an additional 861,421 shares during the period. Schroder Investment Management Group boosted its position in VF by 22.8% during the second quarter. Schroder Investment Management Group now owns 966,792 shares of the textile maker’s stock worth $55,039,000 after purchasing an additional 179,455 shares during the period. Lord Abbett & CO. LLC bought a new position in VF during the second quarter worth about $9,602,000. Canada Pension Plan Investment Board boosted its position in VF by 196.8% during the third quarter. Canada Pension Plan Investment Board now owns 118,090 shares of the textile maker’s stock worth $7,507,000 after purchasing an additional 78,297 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in VF by 8.0% during the third quarter. Parametric Portfolio Associates LLC now owns 1,000,746 shares of the textile maker’s stock worth $63,617,000 after purchasing an additional 73,716 shares during the period. Institutional investors own 85.73% of the company’s stock.
About VF
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.
