Brokerages Set V.F. Corporation (NYSE:VFC) Target Price at $18.68

V.F. Corporation (NYSE:VFC) has earned an average rating of “Hold” from the twenty-two analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, four have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $18.6944.

A number of brokerages have recently weighed in on VFC. Barclays restated an “overweight” rating on shares of V.F. in a research note on Thursday, January 29th. JPMorgan Chase & Co. restated an “underweight” rating and set a $18.00 price target (down from $19.00) on shares of V.F. in a research note on Monday, February 23rd. Seaport Research Partners upgraded V.F. from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, April 14th. Stifel Nicolaus boosted their price target on V.F. from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Thursday, January 29th. Finally, Telsey Advisory Group set a $20.00 price target on V.F. in a research note on Thursday, January 29th.

Institutional Investors Weigh In On V.F.

Large investors have recently modified their holdings of the business. Segall Bryant & Hamill LLC lifted its holdings in shares of V.F. by 43.4% during the third quarter. Segall Bryant & Hamill LLC now owns 4,938,084 shares of the textile maker’s stock worth $71,257,000 after purchasing an additional 1,495,148 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of V.F. by 14.0% during the fourth quarter. Russell Investments Group Ltd. now owns 659,773 shares of the textile maker’s stock worth $11,930,000 after purchasing an additional 81,006 shares during the period. Fiduciary Alliance LLC lifted its holdings in shares of V.F. by 10.3% during the fourth quarter. Fiduciary Alliance LLC now owns 647,496 shares of the textile maker’s stock worth $11,707,000 after purchasing an additional 60,619 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of V.F. by 0.8% during the fourth quarter. New York State Common Retirement Fund now owns 540,861 shares of the textile maker’s stock worth $9,779,000 after purchasing an additional 4,249 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of V.F. during the first quarter worth about $3,209,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

V.F. Price Performance

VFC opened at $16.71 on Friday. The business’s 50-day moving average is $17.88 and its two-hundred day moving average is $18.19. V.F. has a 1 year low of $11.06 and a 1 year high of $22.27. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.55 and a quick ratio of 1.03. The firm has a market capitalization of $6.54 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 0.84 and a beta of 1.62.

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.