V.F. (NYSE:VFC) Now Covered by Citigroup

Citigroup initiated coverage on shares of V.F. (NYSE:VFCGet Free Report) in a research report issued on Thursday. The firm set a “neutral” rating and a $18.00 price target on the textile maker’s stock. Citigroup’s price objective suggests a potential upside of 11.38% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Piper Sandler increased their price objective on shares of V.F. from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, January 30th. UBS Group restated a “neutral” rating and issued a $20.00 target price on shares of V.F. in a research report on Thursday, January 29th. Argus raised V.F. to a “strong-buy” rating in a research note on Wednesday, February 11th. Barclays reissued an “overweight” rating on shares of V.F. in a research note on Thursday, January 29th. Finally, Seaport Research Partners upgraded 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. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $18.81.

Read Our Latest Research Report on VFC

V.F. Stock Down 3.5%

V.F. stock opened at $16.16 on Thursday. V.F. has a 52 week low of $11.06 and a 52 week high of $22.27. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 0.84 and a beta of 1.62. The company’s 50-day moving average price is $17.86 and its two-hundred day moving average price is $18.20. The company has a current ratio of 1.55, a quick ratio of 1.03 and a debt-to-equity ratio of 1.99.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VFC. Optimize Financial Inc lifted its position in shares of V.F. by 1.5% during the 4th quarter. Optimize Financial Inc now owns 40,379 shares of the textile maker’s stock valued at $730,000 after acquiring an additional 580 shares during the last quarter. Parallel Advisors LLC raised its position in shares of V.F. by 27.9% during 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. EverSource Wealth Advisors LLC raised its position in shares of V.F. by 59.7% during the third quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock worth $40,000 after purchasing an additional 1,027 shares during the period. Root Financial Partners LLC lifted its holdings in shares of V.F. by 282.9% during the first quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 2,255 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of V.F. by 30.5% in the 4th quarter. GAMMA Investing LLC now owns 10,987 shares of the textile maker’s stock valued at $199,000 after purchasing an additional 2,570 shares during the period. Institutional investors own 86.84% of the company’s stock.

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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.

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

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