V.F. (NYSE:VFC) Upgraded to “Strong-Buy” at Williams Trading

Williams Trading upgraded shares of V.F. (NYSE:VFC) from a strong sell rating to a strong-buy rating in a research note released on Sunday,Zacks.com reports.

A number of other analysts have also weighed in on the company. Argus upgraded V.F. to a “strong-buy” rating in a research note on Wednesday, February 11th. Weiss Ratings upgraded V.F. from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Seaport Research Partners upgraded V.F. from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, April 14th. Wells Fargo & Company lifted their target price on V.F. from $15.00 to $20.00 and gave the company a “cautious” rating in a research note on Wednesday, April 15th. Finally, Zacks Research upgraded V.F. from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, V.F. currently has a consensus rating of “Hold” and a consensus price target of $18.69.

V.F. Trading Up 1.3%

Shares of VFC opened at $16.91 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.03 and a current ratio of 1.55. The company’s fifty day moving average is $17.90 and its 200 day moving average is $18.17. The stock has a market capitalization of $6.61 billion, a PE ratio of 30.74, a P/E/G ratio of 0.83 and a beta of 1.62. V.F. has a fifty-two week low of $11.06 and a fifty-two week high of $22.27.

Institutional Investors Weigh In On V.F.

Several institutional investors have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors boosted its holdings in V.F. by 6.7% in the first quarter. Arkadios Wealth Advisors now owns 77,213 shares of the textile maker’s stock worth $1,312,000 after acquiring an additional 4,845 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in V.F. by 125.7% in the first quarter. EverSource Wealth Advisors LLC now owns 15,604 shares of the textile maker’s stock worth $265,000 after acquiring an additional 8,689 shares in the last quarter. Entropy Technologies LP acquired a new stake in V.F. in the first quarter worth about $815,000. Parallel Advisors LLC boosted its holdings in V.F. by 27.9% in the first quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock worth $46,000 after acquiring an additional 588 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in V.F. in the first quarter worth about $3,209,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

V.F. Company Profile

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.