V.F. (NYSE:VFC) PT Lowered to $18.00

V.F. (NYSE:VFC - Get Free Report) had its price objective reduced by equities researchers at Telsey Advisory Group from $22.00 to $18.00 in a note issued to investors on Friday, Marketbeat reports. The firm currently has an "outperform" rating on the textile maker's stock. Telsey Advisory Group's price target indicates a potential upside of 41.07% from the company's previous close.

Several other analysts have also recently issued reports on the company. StockNews.com upgraded V.F. from a "sell" rating to a "hold" rating in a research note on Thursday, February 8th. UBS Group lowered their price objective on shares of V.F. from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, February 5th. The Goldman Sachs Group cut their target price on shares of V.F. from $14.00 to $12.50 and set a "neutral" rating on the stock in a report on Friday, April 26th. Wedbush dropped their price target on V.F. from $16.50 to $15.50 and set a "neutral" rating on the stock in a research report on Wednesday, February 7th. Finally, BNP Paribas restated a "neutral" rating and set a $14.00 price objective (down from $18.00) on shares of V.F. in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, V.F. presently has an average rating of "Hold" and an average target price of $17.31.

V.F. Stock Down 2.1 %

Shares of VFC stock traded down $0.28 during mid-day trading on Friday, reaching $12.76. 4,378,979 shares of the company were exchanged, compared to its average volume of 8,637,447. The company has a market capitalization of $4.96 billion, a P/E ratio of -6.62, a P/E/G ratio of 1.40 and a beta of 1.49. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23. V.F. has a fifty-two week low of $11.91 and a fifty-two week high of $21.17. The business's 50 day simple moving average is $13.60 and its 200 day simple moving average is $15.74.

Institutional Trading of V.F.

A number of hedge funds have recently bought and sold shares of VFC. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of V.F. by 5.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,495 shares of the textile maker's stock valued at $216,000 after acquiring an additional 633 shares in the last quarter. Arizona State Retirement System raised its holdings in V.F. by 0.8% in the 4th quarter. Arizona State Retirement System now owns 90,845 shares of the textile maker's stock worth $1,708,000 after acquiring an additional 702 shares during the period. Global Retirement Partners LLC lifted its position in V.F. by 28.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,225 shares of the textile maker's stock worth $61,000 after acquiring an additional 715 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in V.F. by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 153,537 shares of the textile maker's stock valued at $2,713,000 after acquiring an additional 780 shares during the period. Finally, Nordea Investment Management AB increased its stake in shares of V.F. by 3.0% in the third quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker's stock worth $486,000 after purchasing an additional 812 shares during the period. 86.84% of the stock is owned by hedge funds and other institutional investors.

About V.F.

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.