VF (NYSE:VFC)‘s stock had its “average” rating reaffirmed by stock analysts at Robert W. Baird in a research note issued to investors on Wednesday. They currently have a $84.00 price target on the textile maker’s stock. Robert W. Baird’s target price would suggest a potential upside of 12.87% from the stock’s current price.
Several other research analysts have also recently weighed in on VFC. Sanford C. Bernstein started coverage on shares of VF in a report on Tuesday, September 12th. They issued a “market perform” rating and a $67.00 price target for the company. Cowen reiterated a “hold” rating and issued a $63.00 price target on shares of VF in a report on Thursday, September 21st. Piper Jaffray Companies set a $64.00 price target on shares of VF and gave the company a “hold” rating in a report on Sunday, October 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $60.00 price target on shares of VF in a report on Wednesday, October 4th. Finally, Pivotal Research initiated coverage on shares of VF in a report on Thursday, October 5th. They issued a “buy” rating and a $75.00 price target for the company. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. VF presently has an average rating of “Hold” and a consensus target price of $67.65.
Shares of VF (NYSE:VFC) traded up $0.42 during trading hours on Wednesday, reaching $74.42. 1,713,400 shares of the company’s stock traded hands, compared to its average volume of 1,577,000. VF has a 1 year low of $48.05 and a 1 year high of $75.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.47 and a quick ratio of 0.97. The company has a market capitalization of $29,360.00, a P/E ratio of 30.88, a PEG ratio of 2.09 and a beta of 0.80.
In related news, VP Aidan O’meara sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $69.97, for a total transaction of $349,850.00. Following the transaction, the vice president now directly owns 96,344 shares of the company’s stock, valued at $6,741,189.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Steven E. Rendle sold 65,604 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $70.57, for a total transaction of $4,629,674.28. Following the transaction, the chief executive officer now directly owns 162,235 shares in the company, valued at $11,448,923.95. The disclosure for this sale can be found here. Insiders sold 254,660 shares of company stock worth $18,035,832 over the last three months. Insiders own 1.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Eaton Vance Management grew its stake in VF by 1,249.7% during the second quarter. Eaton Vance Management now owns 930,352 shares of the textile maker’s stock worth $53,588,000 after buying an additional 861,421 shares in the last quarter. Schroder Investment Management Group grew its stake in VF by 22.8% during the second quarter. Schroder Investment Management Group now owns 966,792 shares of the textile maker’s stock worth $55,039,000 after buying an additional 179,455 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in VF during the second quarter worth about $9,602,000. Canada Pension Plan Investment Board grew its stake in VF by 196.8% during the third quarter. Canada Pension Plan Investment Board now owns 118,090 shares of the textile maker’s stock worth $7,507,000 after buying an additional 78,297 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in VF by 8.0% during the third quarter. Parametric Portfolio Associates LLC now owns 1,000,746 shares of the textile maker’s stock worth $63,617,000 after buying an additional 73,716 shares in the last quarter.
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VF Company Profile
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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