V.F. (NYSE:VFC) Stock Rating Upgraded by BTIG Research

V.F. (NYSE:VFC - Get Free Report) was upgraded by stock analysts at BTIG Research from a "neutral" rating to a "buy" rating in a note issued to investors on Wednesday. The firm currently has a $23.00 price target on the textile maker's stock. BTIG Research's target price suggests a potential upside of 25.57% from the stock's current price.

VFC has been the topic of several other reports. UBS Group reissued a "neutral" rating and set a $20.00 price objective on shares of V.F. in a research note on Thursday, January 29th. Needham & Company LLC reiterated a "buy" rating on shares of V.F. in a report on Thursday, January 8th. Telsey Advisory Group set a $20.00 target price on V.F. in a research report on Thursday, January 29th. Seaport Research Partners upgraded V.F. from a "neutral" rating to a "buy" rating and set a $24.00 price target on the stock in a report on Tuesday, April 14th. Finally, The Goldman Sachs Group raised their price target on V.F. from $16.00 to $18.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $18.74.

V.F. Stock Down 0.4%

Shares of NYSE VFC opened at $18.32 on Wednesday. The firm's 50-day moving average price is $18.13 and its 200-day moving average price is $18.00. The company has a current ratio of 1.55, a quick ratio of 1.03 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 33.30, a P/E/G ratio of 0.92 and a beta of 1.62. V.F. has a 12-month low of $11.06 and a 12-month high of $22.27.

Insider Buying and Selling at V.F.

In related news, Director Juliana L. Chugg sold 6,678 shares of the firm's stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $21.30, for a total transaction of $142,241.40. Following the completion of the sale, the director directly owned 40 shares of the company's stock, valued at approximately $852. This trade represents a 99.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

Institutional Trading of V.F.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its holdings in shares of V.F. by 50.1% in the third quarter. Farther Finance Advisors LLC now owns 7,465 shares of the textile maker's stock worth $108,000 after purchasing an additional 2,490 shares during the last quarter. SG Americas Securities LLC boosted its position in V.F. by 115.2% in the 3rd quarter. SG Americas Securities LLC now owns 113,951 shares of the textile maker's stock valued at $1,644,000 after buying an additional 60,998 shares during the period. Arkadios Wealth Advisors grew its stake in V.F. by 32.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 75,555 shares of the textile maker's stock worth $1,090,000 after acquiring an additional 18,651 shares in the last quarter. Optimize Financial Inc purchased a new position in shares of V.F. during the third quarter worth approximately $574,000. Finally, Rothschild Investment LLC boosted its holdings in shares of V.F. by 705.8% in the third quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker's stock valued at $54,000 after purchasing an additional 3,282 shares during the period. Hedge funds and other institutional investors own 86.84% of the company's stock.

About V.F.

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.

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