Citigroup Issues Pessimistic Forecast for V.F. (NYSE:VFC) Stock Price

V.F. (NYSE:VFCGet Free Report) had its target price decreased by equities research analysts at Citigroup from $20.00 to $19.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the textile maker’s stock. Citigroup’s target price would suggest a potential downside of 0.35% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. UBS Group reissued a “neutral” rating and set a $20.00 price objective on shares of V.F. in a research note on Thursday, January 29th. The Goldman Sachs Group lifted their target price on shares of V.F. from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Needham & Company LLC restated a “buy” rating on shares of V.F. in a report on Thursday, January 8th. Barclays restated an “overweight” rating on shares of V.F. in a report on Thursday, January 29th. Finally, BTIG Research upgraded shares of V.F. from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.68.

Check Out Our Latest Research Report on VFC

V.F. Stock Down 1.8%

Shares of NYSE VFC opened at $19.07 on Wednesday. V.F. has a 52-week low of $11.06 and a 52-week high of $22.27. The firm has a fifty day moving average of $18.11 and a 200-day moving average of $18.07. The stock has a market capitalization of $7.46 billion, a PE ratio of 34.67, a P/E/G ratio of 0.97 and a beta of 1.62. The company has a quick ratio of 1.03, a current ratio of 1.55 and a debt-to-equity ratio of 1.99.

Insider Buying and Selling at V.F.

In related news, Director Juliana L. Chugg sold 6,678 shares of V.F. stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $21.30, for a total transaction of $142,241.40. Following the transaction, the director owned 40 shares in the company, valued at approximately $852. The trade was a 99.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On V.F.

Institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in V.F. by 27.9% in the 1st quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock worth $46,000 after buying an additional 588 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in V.F. by 59.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock worth $40,000 after buying an additional 1,027 shares in the last quarter. Root Financial Partners LLC lifted its holdings in V.F. by 282.9% in the 1st quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock worth $52,000 after buying an additional 2,255 shares in the last quarter. Rothschild Investment LLC lifted its holdings in V.F. by 705.8% in the 3rd quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock worth $54,000 after buying an additional 3,282 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in V.F. by 50.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,465 shares of the textile maker’s stock worth $108,000 after buying an additional 2,490 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

More V.F. News

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V.F. Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for V.F. (NYSE:VFC)

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