V.F. (NYSE:VFC) Reaches New 12-Month Low at $19.39

V.F. Co. (NYSE:VFC – Get Rating) reached a new 52-week low during trading on Friday . The company traded as low as $19.39 and last traded at $19.56, with a volume of 3193739 shares trading hands. The stock had previously closed at $20.77.

Wall Street Analyst Weigh In

VFC has been the subject of several research analyst reports. Barclays decreased their target price on V.F. from $31.00 to $26.00 in a research report on Tuesday, May 2nd. JPMorgan Chase & Co. decreased their target price on V.F. from $23.00 to $20.00 and set an “underweight” rating for the company in a research report on Wednesday, February 8th. Robert W. Baird decreased their target price on V.F. from $30.00 to $24.00 in a research report on Monday, March 20th. Piper Sandler initiated coverage on V.F. in a research report on Tuesday, April 25th. They set an “overweight” rating for the company. Finally, UBS Group decreased their target price on V.F. from $24.00 to $22.00 in a research report on Tuesday, May 9th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $30.89.

V.F. Trading Down 8.2 %

The firm has a fifty day simple moving average of $21.73 and a two-hundred day simple moving average of $26.26. The stock has a market cap of $7.41 billion, a PE ratio of 17.82, a PEG ratio of 3.01 and a beta of 1.44. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.39.

Insider Buying and Selling at V.F.

In other news, Director Carol L. Roberts acquired 7,109 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The shares were bought at an average cost of $21.07 per share, with a total value of $149,786.63. Following the acquisition, the director now owns 7,109 shares in the company, valued at approximately $149,786.63. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On V.F.

A number of large investors have recently modified their holdings of the company. Guardian Wealth Advisors LLC raised its holdings in shares of V.F. by 28.7% during the 1st quarter. Guardian Wealth Advisors LLC now owns 11,112 shares of the textile maker’s stock valued at $255,000 after buying an additional 2,477 shares in the last quarter. JPMorgan Chase & Co. increased its stake in V.F. by 57.4% in the 1st quarter. JPMorgan Chase & Co. now owns 958,522 shares of the textile maker’s stock worth $21,960,000 after purchasing an additional 349,378 shares during the period. Advisory Services Network LLC increased its stake in V.F. by 1.8% in the 1st quarter. Advisory Services Network LLC now owns 48,039 shares of the textile maker’s stock worth $1,101,000 after purchasing an additional 836 shares during the period. Rockefeller Capital Management L.P. increased its stake in V.F. by 50.7% in the 1st quarter. Rockefeller Capital Management L.P. now owns 292,829 shares of the textile maker’s stock worth $6,708,000 after purchasing an additional 98,488 shares during the period. Finally, Chevy Chase Trust Holdings LLC increased its stake in V.F. by 1.0% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 191,978 shares of the textile maker’s stock worth $4,398,000 after purchasing an additional 1,889 shares during the period. 96.89% of the stock is owned by hedge funds and other institutional investors.

About V.F.

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VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor, Active, and Work. The Outdoor segment refers to authentic outdoor-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.