Janney Montgomery Scott LLC Sells 232,097 Shares of V.F. Co. (NYSE:VFC)

Janney Montgomery Scott LLC reduced its holdings in V.F. Co. (NYSE:VFC - Free Report) by 33.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 457,193 shares of the textile maker's stock after selling 232,097 shares during the period. Janney Montgomery Scott LLC owned approximately 0.12% of V.F. worth $8,595,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Prudential PLC increased its position in shares of V.F. by 20.6% during the third quarter. Prudential PLC now owns 23,864 shares of the textile maker's stock valued at $422,000 after purchasing an additional 4,070 shares during the period. Deutsche Bank AG increased its position in shares of V.F. by 11.9% during the third quarter. Deutsche Bank AG now owns 1,581,532 shares of the textile maker's stock valued at $27,946,000 after purchasing an additional 168,465 shares during the period. Vanguard Group Inc. boosted its stake in V.F. by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker's stock valued at $728,708,000 after buying an additional 475,239 shares in the last quarter. Nordea Investment Management AB boosted its stake in V.F. by 3.0% in the 3rd quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker's stock valued at $486,000 after buying an additional 812 shares in the last quarter. Finally, Partnership Wealth Management LLC acquired a new stake in V.F. in the 4th quarter valued at $2,960,000. 86.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VFC has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on V.F. from $16.00 to $12.00 and set a "neutral" rating on the stock in a research note on Monday, April 8th. Williams Trading reaffirmed a "sell" rating on shares of V.F. in a research note on Thursday, January 25th. Telsey Advisory Group decreased their price target on V.F. from $22.00 to $18.00 and set an "outperform" rating on the stock in a research note on Friday. BNP Paribas reissued a "neutral" rating and issued a $14.00 price objective (down previously from $18.00) on shares of V.F. in a research note on Friday, April 12th. Finally, Citigroup reduced their price objective on V.F. from $16.00 to $13.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 15th. One investment 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $17.31.

V.F. Trading Down 3.4 %

Shares of VFC traded down $0.44 during trading hours on Monday, hitting $12.32. 6,203,199 shares of the stock traded hands, compared to its average volume of 8,612,403. The company has a current ratio of 1.23, a quick ratio of 0.70 and a debt-to-equity ratio of 2.25. V.F. Co. has a 1-year low of $11.91 and a 1-year high of $21.17. The firm has a market capitalization of $4.79 billion, a PE ratio of -6.25, a price-to-earnings-growth ratio of 1.40 and a beta of 1.49. The business has a fifty day moving average of $13.54 and a 200-day moving average of $15.74.

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.