VF (NYSE:VFC) has been assigned a $89.00 price target by research analysts at Piper Jaffray Companies in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the textile maker’s stock. Piper Jaffray Companies’ target price points to a potential upside of 19.24% from the company’s current price.
VFC has been the topic of a number of other research reports. Cowen set a $69.00 price target on shares of VF and gave the company a “hold” rating in a report on Monday, October 23rd. UBS Group reiterated a “buy” rating and issued a $77.00 price target (up previously from $66.00) on shares of VF in a report on Tuesday, October 24th. Pivotal Research set a $95.00 price target on shares of VF and gave the company a “buy” rating in a report on Wednesday. Robert W. Baird reiterated an “average” rating and issued a $84.00 price target on shares of VF in a report on Wednesday, January 3rd. Finally, Canaccord Genuity set a $81.00 price target on shares of VF and gave the company a “buy” rating in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $75.00.
Shares of VF (NYSE:VFC) traded down $9.30 on Friday, hitting $74.64. 10,014,954 shares of the company’s stock were exchanged, compared to its average volume of 3,000,556. The firm has a market cap of $29,493.92, a price-to-earnings ratio of 49.43, a PEG ratio of 2.08 and a beta of 0.90. VF has a 52 week low of $50.15 and a 52 week high of $84.38. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.47.
In related news, VP Scott H. Baxter sold 39,694 shares of VF stock in a transaction on Monday, November 20th. The shares were sold at an average price of $71.50, for a total transaction of $2,838,121.00. Following the sale, the vice president now owns 112,202 shares of the company’s stock, valued at approximately $8,022,443. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in VFC. Migdal Insurance & Financial Holdings Ltd. increased its stake in VF by 44.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,000 shares of the textile maker’s stock worth $111,000 after buying an additional 3,372 shares during the period. Cerebellum GP LLC purchased a new stake in VF during the 4th quarter worth $131,000. Carroll Financial Associates Inc. increased its stake in VF by 368.3% during the 4th quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock worth $151,000 after buying an additional 1,613 shares during the period. Alps Advisors Inc. purchased a new stake in VF during the 4th quarter worth $205,000. Finally, Investment Partners Ltd. OH ADV purchased a new stake in VF during the 4th quarter worth $207,000.
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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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