V.F. (NYSE:VFC) Raised to “Strong-Buy” at Williams Trading

V.F. (NYSE:VFC) was upgraded by equities research analysts at Williams Trading from a “strong sell” rating to a “strong-buy” rating in a research note issued to investors on Sunday,Zacks.com reports.

VFC has been the subject of a number of other reports. Wall Street Zen raised V.F. from a “hold” rating to a “buy” rating in a report on Sunday, March 22nd. Seaport Research Partners raised V.F. from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, April 14th. The Goldman Sachs Group lifted their price target on V.F. from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $18.00 price target (down from $19.00) on shares of V.F. in a report on Monday, February 23rd. Finally, Barclays reaffirmed an “overweight” rating on shares of V.F. in a report on Thursday, January 29th. Three 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 assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.69.

V.F. Stock Up 1.3%

Shares of NYSE VFC opened at $16.91 on Friday. The stock has a market cap of $6.61 billion, a PE ratio of 30.74, a PEG ratio of 0.83 and a beta of 1.62. The business has a fifty day moving average of $17.90 and a two-hundred day moving average of $18.17. V.F. has a 52-week low of $11.06 and a 52-week high of $22.27. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.03 and a current ratio of 1.55.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its holdings in shares of V.F. by 59.7% in the third quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock valued at $40,000 after buying an additional 1,027 shares during the last quarter. Parallel Advisors LLC increased its position in V.F. by 27.9% in the first quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock worth $46,000 after purchasing an additional 588 shares during the period. Root Financial Partners LLC increased its position in V.F. by 282.9% in the first quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock worth $52,000 after purchasing an additional 2,255 shares during the period. Rothschild Investment LLC increased its position in V.F. by 705.8% in the third quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock worth $54,000 after purchasing an additional 3,282 shares during the period. Finally, GAMMA Investing LLC increased its position in V.F. by 30.5% in the fourth quarter. GAMMA Investing LLC now owns 10,987 shares of the textile maker’s stock worth $199,000 after purchasing an additional 2,570 shares during the period. 86.84% of the stock is owned by institutional investors.

V.F. Company Profile

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.