Charles Schwab Investment Management Inc. Boosts Stake in V.F. Co. (NYSE:VFC)

Charles Schwab Investment Management Inc. raised its holdings in shares of V.F. Co. (NYSE:VFC - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,265,581 shares of the textile maker's stock after purchasing an additional 166,769 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.84% of V.F. worth $61,393,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VFC. Wolff Wiese Magana LLC raised its stake in shares of V.F. by 2,835.6% during the 4th quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker's stock valued at $25,000 after purchasing an additional 1,276 shares during the period. Allworth Financial LP increased its position in shares of V.F. by 111.5% during the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker's stock valued at $34,000 after buying an additional 958 shares during the period. CVA Family Office LLC purchased a new stake in shares of V.F. in the fourth quarter worth about $39,000. ORG Partners LLC bought a new position in shares of V.F. in the fourth quarter valued at approximately $40,000. Finally, Covestor Ltd grew its stake in V.F. by 335.8% during the third quarter. Covestor Ltd now owns 2,384 shares of the textile maker's stock valued at $42,000 after acquiring an additional 1,837 shares in the last quarter. Institutional investors own 86.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Citigroup cut their price target on shares of V.F. from $16.00 to $13.00 and set a "neutral" rating for the company in a report on Wednesday. BNP Paribas restated a "neutral" rating and issued a $14.00 target price (down from $18.00) on shares of V.F. in a research note on Friday, April 12th. UBS Group dropped their price target on V.F. from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, February 5th. Telsey Advisory Group restated an "outperform" rating and issued a $22.00 price objective on shares of V.F. in a research report on Tuesday, January 30th. Finally, Wedbush dropped their target price 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. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $17.56.

V.F. Stock Up 1.9 %

Shares of NYSE VFC traded up $0.25 during mid-day trading on Thursday, hitting $13.04. 4,888,326 shares of the stock traded hands, compared to its average volume of 8,682,271. The company has a market cap of $5.07 billion, a price-to-earnings ratio of -6.49, a PEG ratio of 1.40 and a beta of 1.49. The stock has a fifty day moving average price of $13.67 and a 200-day moving average price of $15.76. V.F. Co. has a 52 week low of $11.91 and a 52 week high of $21.17. 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. 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.