VF (NYSE:VFC) Given New $16.00 Price Target at UBS Group

VF (NYSE:VFC) had its price objective hoisted by UBS Group from $12.00 to $16.00 in a report published on Monday morning,Benzinga reports. The firm currently has a neutral rating on the textile maker’s stock.

A number of other research analysts have also weighed in on VFC. Wells Fargo & Company increased their price target on VF from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 14th. BMO Capital Markets increased their target price on VF from $14.00 to $25.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Truist Financial reaffirmed a “hold” rating and issued a $24.00 target price (up from $20.00) on shares of VF in a research report on Thursday, January 30th. The Goldman Sachs Group cut their target price on VF from $25.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. Finally, Telsey Advisory Group cut their target price on VF from $27.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.35.

VF Price Performance

Shares of NYSE:VFC opened at $14.29 on Monday. The business’s fifty day moving average price is $13.33 and its two-hundred day moving average price is $19.26. The stock has a market cap of $5.57 billion, a PE ratio of -12.01, a price-to-earnings-growth ratio of 6.77 and a beta of 1.68. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56. VF has a one year low of $9.41 and a one year high of $29.02.

Institutional Trading of VF

Large investors have recently modified their holdings of the business. CKW Financial Group grew its stake in VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares in the last quarter. SG Americas Securities LLC acquired a new position in VF in the first quarter valued at approximately $350,000. Entropy Technologies LP acquired a new position in shares of VF during the first quarter worth approximately $749,000. TB Alternative Assets Ltd. acquired a new position in shares of VF during the fourth quarter worth approximately $1,878,000. Finally, Amalgamated Bank boosted its position in shares of VF by 46.2% during the first quarter. Amalgamated Bank now owns 152,410 shares of the textile maker’s stock worth $2,365,000 after buying an additional 48,151 shares during the period. 86.84% of the stock is currently owned by institutional investors and hedge funds.

VF Company Profile

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.