VF (NYSE:VFC) has been given a $90.00 price objective by equities researchers at Canaccord Genuity in a research note issued on Wednesday. The firm currently has a “buy” rating on the textile maker’s stock. Canaccord Genuity’s target price indicates a potential upside of 20.40% from the company’s current price.
A number of other analysts have also recently weighed in on the stock. Piper Jaffray Companies raised shares of VF from a “neutral” rating to an “overweight” rating and set a $56.00 price objective on the stock in a report on Monday, February 5th. Pivotal Research cut shares of VF from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $95.00 to $81.00 in a report on Friday, February 16th. Barclays reaffirmed a “buy” rating and issued a $89.00 price objective (down previously from $96.00) on shares of VF in a report on Tuesday, February 20th. Guggenheim reaffirmed a “buy” rating and issued a $84.00 price objective on shares of VF in a report on Wednesday, January 10th. Finally, Robert W. Baird reaffirmed an “average” rating and issued a $84.00 price objective on shares of VF in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $75.55.
VF (VFC) traded up $1.28 during mid-day trading on Wednesday, hitting $74.75. 2,135,270 shares of the company were exchanged, compared to its average volume of 2,876,438. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.98 and a current ratio of 1.60. VF has a 1-year low of $51.22 and a 1-year high of $84.38. The firm has a market cap of $29,041.70, a PE ratio of 49.57, a PEG ratio of 2.10 and a beta of 0.95.
Institutional investors and hedge funds have recently made changes to their positions in the business. Cerebellum GP LLC acquired a new position in shares of VF in the fourth quarter worth about $131,000. Carroll Financial Associates Inc. boosted its holdings in shares of VF by 368.3% in the fourth quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock worth $151,000 after buying an additional 1,613 shares during the period. IFG Advisory LLC acquired a new position in shares of VF in the fourth quarter worth about $774,000. Alps Advisors Inc. acquired a new position in shares of VF in the fourth quarter worth about $205,000. Finally, Mission Wealth Management LP acquired a new position in shares of VF in the fourth quarter worth about $207,000. Institutional investors own 85.49% of the company’s stock.
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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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