Nicholas Investment Partners LP Takes Position in V.F. Co. (NYSE:VFC)

Nicholas Investment Partners LP bought a new position in V.F. Co. (NYSE:VFC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 106,573 shares of the textile maker's stock, valued at approximately $2,004,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wolff Wiese Magana LLC increased its stake in shares of V.F. by 2,835.6% in the fourth quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker's stock valued at $25,000 after buying an additional 1,276 shares during the period. Allworth Financial LP increased its position in V.F. by 111.5% during the 4th quarter. Allworth Financial LP now owns 1,817 shares of the textile maker's stock valued at $34,000 after purchasing an additional 958 shares during the period. CVA Family Office LLC acquired a new stake in V.F. during the 4th quarter valued at approximately $39,000. ORG Partners LLC acquired a new stake in V.F. during the 4th quarter valued at approximately $40,000. Finally, Covestor Ltd increased its position in V.F. by 335.8% during the 3rd quarter. Covestor Ltd now owns 2,384 shares of the textile maker's stock valued at $42,000 after purchasing an additional 1,837 shares during the period. Institutional investors own 86.84% of the company's stock.

V.F. Stock Up 0.4 %

NYSE:VFC traded up $0.04 during trading hours on Tuesday, hitting $12.87. 7,716,448 shares of the company traded hands, compared to its average volume of 8,743,168. The company has a quick ratio of 0.70, a current ratio of 1.23 and a debt-to-equity ratio of 2.25. The firm's 50-day simple moving average is $13.78 and its 200-day simple moving average is $15.81. V.F. Co. has a one year low of $11.91 and a one year high of $21.83. The company has a market cap of $5.00 billion, a PE ratio of -6.53, a PEG ratio of 1.36 and a beta of 1.49.

Analysts Set New Price Targets

Several brokerages have recently commented on VFC. BNP Paribas reaffirmed a "neutral" rating and set a $14.00 price objective (down previously from $18.00) on shares of V.F. in a research report on Friday, April 12th. JPMorgan Chase & Co. reduced their price objective on shares of V.F. from $16.00 to $12.00 and set a "neutral" rating for the company in a research report on Monday, April 8th. The Goldman Sachs Group reduced their price objective on shares of V.F. from $14.00 to $12.50 and set a "neutral" rating for the company in a research report on Friday, April 26th. Wedbush reduced their price objective on shares of V.F. from $16.50 to $15.50 and set a "neutral" rating for the company in a research report on Wednesday, February 7th. Finally, Wells Fargo & Company reduced their price objective on shares of V.F. from $17.00 to $14.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $17.88.

V.F. Company Profile

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.