VF (NYSE:VFC) Shares Gap Up - Still a Buy?

VF Corporation (NYSE:VFC - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $13.28, but opened at $14.95. VF shares last traded at $15.19, with a volume of 2,073,800 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Citigroup lowered shares of VF from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $30.00 to $12.00 in a report on Monday, April 7th. Needham & Company LLC restated a "buy" rating and issued a $28.00 price target on shares of VF in a research report on Friday, March 7th. Truist Financial restated a "hold" rating and issued a $24.00 price target (up previously from $20.00) on shares of VF in a research report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price target on shares of VF from $20.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Finally, Barclays boosted their price target on shares of VF from $29.00 to $34.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $21.40.

VF Price Performance

The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. The stock has a market cap of $5.55 billion, a P/E ratio of -11.97, a price-to-earnings-growth ratio of 6.77 and a beta of 1.68. The business's 50-day simple moving average is $13.86 and its two-hundred day simple moving average is $19.48.

Institutional Investors Weigh In On VF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Amalgamated Bank raised its stake in VF by 46.2% in the first quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock valued at $2,365,000 after purchasing an additional 48,151 shares in the last quarter. SG Americas Securities LLC bought a new position in VF during the first quarter valued at approximately $350,000. Fiduciary Alliance LLC grew its position in VF by 16.4% during the first quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker's stock valued at $4,634,000 after acquiring an additional 42,065 shares during the last quarter. Rhumbline Advisers grew its position in VF by 11.0% during the first quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker's stock valued at $14,414,000 after acquiring an additional 92,174 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in VF by 1,355.2% during the first quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker's stock valued at $6,276,000 after acquiring an additional 376,615 shares during the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

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.

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