V.F. Co. (NYSE:VFC) Stock Position Lowered by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in V.F. Co. (NYSE:VFC – Get Rating) by 2.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 404,218 shares of the textile maker’s stock after selling 8,263 shares during the period. Principal Financial Group Inc. owned approximately 0.10% of V.F. worth $29,597,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of VFC. Atticus Wealth Management LLC bought a new stake in shares of V.F. in the 4th quarter worth $30,000. Missouri Trust & Investment Co bought a new stake in shares of V.F. in the 4th quarter worth $30,000. Moors & Cabot Inc. bought a new stake in shares of V.F. in the 3rd quarter worth $32,000. Retirement Planning Co of New England Inc. bought a new stake in shares of V.F. in the 4th quarter worth $45,000. Finally, Kozak & Associates Inc. acquired a new position in shares of V.F. in the 3rd quarter worth $46,000. 88.25% of the stock is currently owned by institutional investors.

Shares of NYSE VFC opened at $47.59 on Friday. The business’s 50-day moving average price is $54.30 and its two-hundred day moving average price is $64.08. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.43 and a quick ratio of 1.03. V.F. Co. has a one year low of $45.13 and a one year high of $87.36. The company has a market capitalization of $18.51 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 0.45 and a beta of 1.42.

A number of brokerages recently issued reports on VFC. Telsey Advisory Group decreased their target price on V.F. from $97.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, January 31st. Barclays decreased their target price on V.F. from $79.00 to $63.00 and set an “equal weight” rating on the stock in a report on Monday, January 31st. Deutsche Bank Aktiengesellschaft decreased their target price on V.F. from $94.00 to $86.00 and set a “buy” rating on the stock in a report on Monday, January 31st. Williams Capital cut V.F. from a “buy” rating to a “hold” rating in a report on Thursday, January 20th. Finally, Citigroup decreased their target price on V.F. from $71.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, January 31st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, V.F. has an average rating of “Hold” and an average target price 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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