Investment analysts at Barclays started coverage on shares of VF (NYSE:VFC) in a research note issued to investors on Friday, MarketBeat.com reports. The firm set an “overweight” rating and a $96.00 price target on the textile maker’s stock. Barclays’ price target would suggest a potential upside of 20.17% from the company’s previous close.
Other analysts also recently issued reports about the stock. Robert W. Baird reaffirmed an “average” rating and issued a $84.00 target price on shares of VF in a research report on Wednesday, January 3rd. Pivotal Research upped their target price on shares of VF from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. UBS Group reaffirmed a “buy” rating and issued a $77.00 target price (up from $66.00) on shares of VF in a research report on Tuesday, October 24th. Susquehanna Bancshares reaffirmed a “buy” rating and issued a $75.00 target price on shares of VF in a research report on Monday, October 16th. Finally, Canaccord Genuity set a $81.00 target price on shares of VF and gave the stock a “buy” rating in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. VF has a consensus rating of “Hold” and a consensus price target of $71.95.
VF (VFC) traded down $0.73 during trading hours on Friday, hitting $79.89. 3,153,339 shares of the stock were exchanged, compared to its average volume of 2,130,000. The stock has a market cap of $31,570.00, a P/E ratio of 33.15, a PEG ratio of 2.27 and a beta of 0.91. The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.54. VF has a 12-month low of $48.05 and a 12-month high of $82.95.
A number of hedge funds have recently made changes to their positions in the stock. Columbus Macro LLC purchased a new stake in VF during the 4th quarter valued at about $679,000. Meeder Asset Management Inc. grew its position in VF by 4,686.1% during the 4th quarter. Meeder Asset Management Inc. now owns 3,446 shares of the textile maker’s stock valued at $254,000 after purchasing an additional 3,374 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in VF by 3.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 62,284 shares of the textile maker’s stock valued at $4,609,000 after purchasing an additional 2,077 shares during the last quarter. Greenwood Capital Associates LLC purchased a new stake in shares of VF during the 4th quarter valued at about $2,458,000. Finally, Ballentine Partners LLC purchased a new stake in shares of VF during the 4th quarter valued at about $240,000.
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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.
