VF (NYSE:VFC) Given New $19.00 Price Target at Barclays

VF (NYSE:VFC - Get Free Report) had its price objective cut by investment analysts at Barclays from $34.00 to $19.00 in a report released on Monday,Benzinga reports. The firm presently has an "overweight" rating on the textile maker's stock. Barclays's target price indicates a potential upside of 28.42% from the stock's previous close.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus reduced their price objective on shares of VF from $35.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. UBS Group lifted their price objective on shares of VF from $24.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted their price objective on shares of VF from $20.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Wells Fargo & Company raised VF from an "underweight" rating to an "equal weight" rating and reduced their target price for the company from $18.00 to $12.00 in a report on Wednesday, April 30th. Finally, Needham & Company LLC reissued a "buy" rating and set a $28.00 price target on shares of VF in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $20.20.

VF Price Performance

NYSE VFC traded up $0.06 during midday trading on Monday, hitting $14.80. The company had a trading volume of 1,667,299 shares, compared to its average volume of 7,871,676. The firm has a 50-day moving average price of $13.48 and a 200-day moving average price of $19.40. The company has a market capitalization of $5.76 billion, a PE ratio of -12.44, a P/E/G ratio of 6.77 and a beta of 1.68. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31. VF has a twelve month low of $9.41 and a twelve month high of $29.02.

Institutional Investors Weigh In On VF

Hedge funds and other institutional investors have recently modified their holdings of the company. CKW Financial Group increased its holdings in VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock worth $47,000 after purchasing an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in VF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker's stock valued at $129,000 after buying an additional 3,008 shares during the last quarter. SG Americas Securities LLC bought a new position in VF during the 1st quarter valued at $350,000. Entropy Technologies LP purchased a new position in VF during the 1st quarter worth $749,000. Finally, TB Alternative Assets Ltd. bought a new stake in shares of VF in the 4th quarter worth $1,878,000. Institutional investors own 86.84% of the company's stock.

About VF

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.