VF (VFC) Stock Rating Upgraded by ValuEngine
VF (NYSE:VFC) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Thursday.
VFC has been the subject of a number of other reports. Guggenheim reissued a “buy” rating and issued a $84.00 price target on shares of VF in a research report on Wednesday, January 10th. Piper Jaffray Companies raised shares of VF from a “neutral” rating to an “overweight” rating and set a $56.00 price target for the company in a research report on Monday, February 5th. Robert W. Baird reissued an “average” rating and issued a $84.00 price target on shares of VF in a research report on Wednesday, January 3rd. Pivotal Research set a $95.00 price target on shares of VF and gave the company a “buy” rating in a research report on Wednesday, February 14th. Finally, Barclays started coverage on shares of VF in a research report on Friday, February 2nd. They issued an “overweight” rating and a $96.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $75.10.
Shares of VF (VFC) opened at $73.52 on Thursday. VF has a 1 year low of $51.22 and a 1 year high of $84.38. The firm has a market cap of $29,050.00, a price-to-earnings ratio of 41.07, a P/E/G ratio of 2.15 and a beta of 0.96. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.59.
Several institutional investors have recently modified their holdings of VFC. Investec Asset Management LTD acquired a new position in shares of VF during the fourth quarter worth about $101,867,000. Congress Asset Management Co. MA increased its stake in shares of VF by 379.0% during the fourth quarter. Congress Asset Management Co. MA now owns 763,659 shares of the textile maker’s stock worth $56,511,000 after acquiring an additional 604,228 shares during the period. Boston Advisors LLC increased its stake in shares of VF by 730.7% during the fourth quarter. Boston Advisors LLC now owns 474,814 shares of the textile maker’s stock worth $35,136,000 after acquiring an additional 417,655 shares during the period. Smith Asset Management Group LP acquired a new position in shares of VF during the fourth quarter worth about $27,544,000. Finally, Amundi Pioneer Asset Management Inc. increased its stake in shares of VF by 88.1% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 748,905 shares of the textile maker’s stock worth $55,419,000 after acquiring an additional 350,834 shares during the period. Institutional investors and hedge funds own 85.22% of the company’s stock.
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VF Company Profile
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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