VF Corporation (NYSE:VFC) Given Average Recommendation of “Hold” by Brokerages

Shares of VF Corporation (NYSE:VFC) have earned an average rating of “Hold” from the twenty-one analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $21.40.

VFC has been the topic of several research analyst reports. OTR Global upgraded VF from a “mixed” rating to a “positive” rating in a research note on Friday, January 10th. Citigroup lowered VF from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $30.00 to $12.00 in a research note on Monday, April 7th. Wells Fargo & Company upgraded shares of VF from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $18.00 to $12.00 in a report on Wednesday, April 30th. Stifel Nicolaus lowered their target price on shares of VF from $35.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Finally, UBS Group upped their price target on shares of VF from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th.

Institutional Trading of VF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CKW Financial Group increased its stake in shares of VF by 29.4% in the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in VF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after purchasing an additional 3,008 shares during the period. SG Americas Securities LLC purchased a new stake in shares of VF in the first quarter valued at approximately $350,000. TB Alternative Assets Ltd. acquired a new position in shares of VF during the 4th quarter worth approximately $1,878,000. Finally, Amalgamated Bank lifted its position in shares of VF by 46.2% during the 1st quarter. Amalgamated Bank now owns 152,410 shares of the textile maker’s stock valued at $2,365,000 after buying an additional 48,151 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

VF Trading Down 2.8 %

NYSE VFC opened at $12.22 on Wednesday. VF has a 52 week low of $9.41 and a 52 week high of $29.02. The company has a 50 day moving average price of $14.51 and a 200 day moving average price of $19.55. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. The firm has a market cap of $4.76 billion, a PE ratio of -10.26, a price-to-earnings-growth ratio of 6.77 and a beta of 1.68.

About VF

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.