VF (NYSE:VFC) Shares Gap Up – Should You Buy?

Shares of VF Corporation (NYSE:VFC) gapped up before the market opened on Monday . The stock had previously closed at $13.28, but opened at $14.95. VF shares last traded at $15.19, with a volume of 2,073,800 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wells Fargo & Company raised shares of VF from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $18.00 to $12.00 in a research report on Wednesday, April 30th. Telsey Advisory Group decreased their target price on VF from $27.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday. The Goldman Sachs Group dropped their price target on shares of VF from $25.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Barclays decreased their price target on VF from $34.00 to $19.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of VF in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.15.

VF Trading Up 3.5%

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 firm has a market capitalization of $5.82 billion, a PE ratio of -12.55, a P/E/G ratio of 6.77 and a beta of 1.68. The stock’s 50-day simple moving average is $13.57 and its 200-day simple moving average is $19.43.

Institutional Trading of VF

Institutional investors have recently bought and sold shares of the company. CKW Financial Group boosted its stake in VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake 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 buying an additional 3,008 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of VF in the first quarter worth $350,000. Entropy Technologies LP bought a new position in VF in the first quarter valued at about $749,000. Finally, TB Alternative Assets Ltd. bought a new position in VF in the fourth quarter valued at about $1,878,000. 86.84% of the stock is owned by hedge funds and other institutional investors.

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.