Equities researchers at Credit Suisse Group initiated coverage on shares of VF (NYSE:VFC) in a report issued on Monday. The brokerage set an “outperform” rating and a $85.00 price target on the textile maker’s stock. Credit Suisse Group’s price target suggests a potential upside of 16.10% from the company’s previous close.
Several other research analysts also recently issued reports on the stock. Guggenheim reiterated a “buy” rating on shares of VF in a research report on Thursday. ValuEngine upgraded shares of VF from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. TheStreet downgraded shares of VF from a “b+” rating to a “c+” rating in a research report on Friday, February 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $78.00 price target (down previously from $82.00) on shares of VF in a research report on Tuesday, February 20th. Finally, Barclays reiterated a “buy” rating and set a $89.00 price target (down previously from $96.00) on shares of VF in a research report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $75.55.
Shares of VF (NYSE VFC) traded down $0.38 during midday trading on Monday, reaching $73.21. 2,111,257 shares of the company traded hands, compared to its average volume of 2,919,154. The firm has a market cap of $29,220.00, a P/E ratio of 40.90, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. The company has a current ratio of 1.60, a quick ratio of 0.98 and a debt-to-equity ratio of 0.59. VF has a 1-year low of $51.22 and a 1-year high of $84.38.
Institutional investors have recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of VF by 44.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,000 shares of the textile maker’s stock valued at $111,000 after acquiring an additional 3,372 shares during the last quarter. Cerebellum GP LLC bought a new stake in shares of VF in the 4th quarter valued at about $131,000. Carroll Financial Associates Inc. increased its stake in shares of VF by 368.3% in the 4th quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock valued at $151,000 after acquiring an additional 1,613 shares during the last quarter. Alps Advisors Inc. bought a new stake in shares of VF in the 4th quarter valued at about $205,000. Finally, Investment Partners Ltd. OH ADV bought a new stake in shares of VF in the 4th quarter valued at about $207,000. Institutional investors own 85.49% of the company’s stock.
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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.
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