VF (NYSE:VFC) Price Target Lowered to $19.00 at Barclays

VF (NYSE:VFC) had its price objective dropped by analysts at Barclays from $34.00 to $19.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the textile maker’s stock. Barclays‘s price objective would indicate a potential upside of 31.53% from the company’s previous close.

VFC has been the topic of a number of other reports. Piper Sandler lowered their price target on VF from $18.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. BMO Capital Markets boosted their price objective on VF from $14.00 to $25.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Stifel Nicolaus dropped their price target on VF from $35.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Truist Financial reaffirmed a “hold” rating and issued a $24.00 price objective (up previously from $20.00) on shares of VF in a research note on Thursday, January 30th. Finally, Wells Fargo & Company raised shares of VF from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $18.00 to $12.00 in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.65.

VF Stock Up 8.8%

Shares of NYSE:VFC traded up $1.17 on Monday, hitting $14.45. 11,333,250 shares of the company traded hands, compared to its average volume of 7,908,127. The stock has a 50 day simple moving average of $13.86 and a 200-day simple moving average of $19.48. The company has a market cap of $5.63 billion, a PE ratio of -12.14, a PEG ratio of 6.77 and a beta of 1.68. VF has a 52 week low of $9.41 and a 52 week high of $29.02. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Fiduciary Alliance LLC raised its position in shares of VF by 6.8% in the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after purchasing an additional 16,431 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of VF by 100.0% in the fourth 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. TB Alternative Assets Ltd. acquired a new stake in shares of VF during the fourth quarter worth $1,878,000. CKW Financial Group grew its holdings in shares of VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in shares of VF by 5.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock valued at $83,153,000 after acquiring an additional 211,440 shares during the period. 86.84% of the stock is owned by institutional investors and hedge funds.

About VF

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.