VF Corporation (NYSE:VFC) Receives Average Recommendation of “Hold” from Brokerages

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

VFC has been the subject of several research analyst reports. Wells Fargo & Company upgraded VF from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $18.00 to $12.00 in a report on Wednesday, April 30th. UBS Group raised their target price on VF from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Telsey Advisory Group restated a “market perform” rating and issued a $27.00 target price on shares of VF in a research note on Friday, March 7th. JPMorgan Chase & Co. raised their target price on VF from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Finally, Piper Sandler lowered their target price on VF from $18.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, April 11th.

VF Trading Down 1.1%

NYSE VFC opened at $13.29 on Wednesday. VF has a fifty-two week low of $9.41 and a fifty-two week high of $29.02. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56. The stock has a 50 day simple moving average of $13.86 and a two-hundred day simple moving average of $19.48. The stock has a market cap of $5.18 billion, a P/E ratio of -11.17, a price-to-earnings-growth ratio of 6.77 and a beta of 1.68.

Institutional Trading of VF

Institutional investors and hedge funds have recently modified their holdings of the business. CKW Financial Group increased its holdings 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 worth $47,000 after purchasing an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of VF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after purchasing an additional 3,008 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of VF in the 1st quarter worth $350,000. TB Alternative Assets Ltd. bought a new stake in shares of VF in the 4th quarter worth $1,878,000. Finally, Amalgamated Bank increased its holdings in shares of VF by 46.2% in the 1st quarter. Amalgamated Bank now owns 152,410 shares of the textile maker’s stock worth $2,365,000 after purchasing an additional 48,151 shares in the last quarter. Institutional investors own 86.84% of the company’s stock.

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.