Stratos Wealth Partners LTD. cut its holdings in V.F. Co. (NYSE:VFC) by 5.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,829 shares of the textile maker’s stock after selling 2,899 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in V.F. were worth $3,982,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of VFC. Bogart Wealth LLC lifted its stake in V.F. by 198.1% in the first quarter. Bogart Wealth LLC now owns 319 shares of the textile maker’s stock valued at $26,000 after buying an additional 212 shares during the period. Capital Asset Advisory Services LLC bought a new stake in shares of V.F. during the fourth quarter valued at approximately $32,000. Graves Light Private Wealth Management Inc. purchased a new position in shares of V.F. during the 4th quarter valued at $34,000. Charter Oak Capital Management LLC purchased a new stake in V.F. during the 4th quarter worth about $35,000. Finally, Exane Derivatives bought a new position in V.F. in the 4th quarter worth about $36,000. 87.74% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on VFC shares. Deutsche Bank Aktiengesellschaft reduced their price objective on V.F. from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Thursday, January 28th. Piper Sandler upgraded V.F. from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $73.00 to $106.00 in a research report on Monday, January 4th. Pivotal Research upgraded V.F. from a “hold” rating to a “buy” rating and increased their price objective for the company from $86.00 to $94.00 in a research report on Monday, March 15th. Cowen raised their price target on V.F. from $91.00 to $99.00 and gave the stock an “outperform” rating in a research report on Monday, January 25th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. raised their price target on V.F. from $88.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, January 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $89.50.
V.F. Company Profile
V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through four segments: Outdoor, Active, and Work. The company offers outdoor, merino wool and other natural fibers-based, lifestyle, and casual apparel; equipment; accessories; outdoor lifestyle, performance-based, youth culture/action sports-inspired, and protective work footwear; handbags, luggage, backpacks, totes, and travel accessories; and work and work-inspired lifestyle apparel and footwear.
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