First Horizon Advisors Inc. Sells 1,214 Shares of V.F. Co. (NYSE:VFC)

First Horizon Advisors Inc. trimmed its position in V.F. Co. (NYSE:VFC – Get Rating) by 66.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 601 shares of the textile maker’s stock after selling 1,214 shares during the quarter. First Horizon Advisors Inc.’s holdings in V.F. were worth $42,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Atticus Wealth Management LLC bought a new stake in shares of V.F. in the fourth quarter worth about $30,000. Missouri Trust & Investment Co bought a new stake in shares of V.F. in the fourth quarter worth about $30,000. Kozak & Associates Inc. bought a new stake in shares of V.F. in the third quarter worth about $46,000. Retirement Planning Co of New England Inc. bought a new stake in V.F. during the fourth quarter worth approximately $45,000. Finally, Aquire Wealth Advisors LLC bought a new stake in V.F. during the fourth quarter worth approximately $49,000. 88.25% of the stock is currently owned by hedge funds and other institutional investors.

V.F. stock opened at $47.59 on Friday. The business has a fifty day moving average of $54.30 and a two-hundred day moving average of $64.08. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 1.27. The firm has a market cap of $18.51 billion, a P/E ratio of 13.41, a P/E/G ratio of 0.45 and a beta of 1.42. V.F. Co. has a twelve month low of $45.13 and a twelve month high of $87.36.

Several brokerages have weighed in on VFC. Stifel Nicolaus reduced their price objective on V.F. from $85.00 to $74.00 and set a “hold” rating on the stock in a research note on Monday, January 31st. JPMorgan Chase & Co. cut V.F. from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $80.00 to $64.00 in a research note on Monday, January 31st. The Goldman Sachs Group reduced their price objective on V.F. from $71.00 to $68.00 in a research note on Thursday, January 20th. Evercore ISI cut their target price on V.F. from $110.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, January 31st. Finally, Credit Suisse Group cut their target price on V.F. from $90.00 to $81.00 and set an “outperform” rating on the stock in a research note on Monday, January 31st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $76.42.

V.F. Company Profile (Get Rating)

V.F. Corporation, together with its subsidiaries, 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 three segments: Outdoor, Active, and Work.

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