VF (VFC) Upgraded to “Buy” at Stifel Nicolaus

VF (NYSE:VFC) was upgraded by Stifel Nicolaus from a “hold” rating to a “buy” rating in a note issued to investors on Sunday, The Fly reports.

Other analysts also recently issued reports about the stock. Robert W. Baird reaffirmed an “average” rating and set a $84.00 price objective on shares of VF in a report on Wednesday, January 3rd. Pivotal Research lifted their price objective on shares of VF from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. UBS Group reaffirmed a “buy” rating and set a $77.00 price objective (up from $66.00) on shares of VF in a report on Tuesday, October 24th. Susquehanna Bancshares reissued a “buy” rating and issued a $75.00 price target on shares of VF in a research note on Monday, October 16th. Finally, Canaccord Genuity set a $81.00 price objective on shares of VF and gave the company a “buy” rating in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company’s stock. VF has an average rating of “Hold” and a consensus target price of $71.76.

VF (NYSE VFC) traded up $0.57 on Friday, hitting $79.32. 3,600,005 shares of the stock were exchanged, compared to its average volume of 2,592,530. The stock has a market cap of $31,343.22, a price-to-earnings ratio of 33.47, a P/E/G ratio of 2.22 and a beta of 0.90. 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 12-month low of $49.65 and a 12-month high of $82.95.

In other VF news, Director Robert J/Ny Hurst sold 9,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $70.14, for a total transaction of $631,260.00. Following the completion of the transaction, the director now owns 197,740 shares in the company, valued at $13,869,483.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott H. Baxter sold 39,694 shares of the stock in a transaction on 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. Insiders have sold 138,516 shares of company stock valued at $9,859,318 over the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI lifted its holdings in shares of VF by 1.1% in the 4th quarter. Arcadia Investment Management Corp MI now owns 115,330 shares of the textile maker’s stock worth $7,179,000 after acquiring an additional 1,270 shares during the last quarter. Naples Global Advisors LLC lifted its holdings in VF by 25.6% during the 4th quarter. Naples Global Advisors LLC now owns 30,905 shares of the textile maker’s stock valued at $1,924,000 after buying an additional 6,300 shares in the last quarter. ING Groep lifted its holdings in VF by 8.1% during the 3rd quarter. ING Groep now owns 384,383 shares of the textile maker’s stock valued at $26,219,000 after buying an additional 28,767 shares in the last quarter. Pinnacle Bank bought a new stake in VF during the 1st quarter valued at about $247,000. Finally, Whittier Trust Co. increased its position in VF by 1.2% during the 3rd quarter. Whittier Trust Co. now owns 72,310 shares of the textile maker’s stock valued at $4,052,000 after purchasing an additional 885 shares during the period.

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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.

The Fly

Analyst Recommendations for VF (NYSE:VFC)

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