Citigroup Initiates Coverage on V.F. (NYSE:VFC)

Equities research analysts at Citigroup initiated coverage on shares of V.F. (NYSE:VFCGet Free Report) in a report released on Thursday. The firm set a “neutral” rating and a $18.00 price target on the textile maker’s stock. Citigroup’s target price would suggest a potential upside of 11.38% from the company’s current price.

VFC has been the subject of several other research reports. Zacks Research upgraded shares of V.F. from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Stifel Nicolaus raised their price target on shares of V.F. from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Thursday, January 29th. Williams Trading set a $19.00 price objective on shares of V.F. in a research report on Sunday. Wall Street Zen upgraded shares of V.F. from a “hold” rating to a “buy” rating in a research note on Sunday, March 22nd. Finally, Piper Sandler upped their target price on V.F. from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.81.

Check Out Our Latest Research Report on VFC

V.F. Price Performance

Shares of VFC opened at $16.16 on Thursday. V.F. has a 52 week low of $11.06 and a 52 week high of $22.27. 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 firm has a market cap of $6.32 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 0.84 and a beta of 1.62. The stock has a 50 day moving average of $17.86 and a 200-day moving average of $18.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fiduciary Alliance LLC raised its holdings in shares of V.F. by 10.3% during the fourth quarter. Fiduciary Alliance LLC now owns 647,496 shares of the textile maker’s stock valued at $11,707,000 after buying an additional 60,619 shares during the last quarter. Segall Bryant & Hamill LLC grew its holdings in V.F. by 43.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 4,938,084 shares of the textile maker’s stock worth $71,257,000 after buying an additional 1,495,148 shares in the last quarter. Optimize Financial Inc bought a new position in V.F. in the 3rd quarter worth approximately $574,000. GAMMA Investing LLC increased its position in V.F. by 30.5% in the 4th quarter. GAMMA Investing LLC now owns 10,987 shares of the textile maker’s stock valued at $199,000 after acquiring an additional 2,570 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new stake in V.F. in the 1st quarter valued at approximately $3,209,000. 86.84% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting V.F.

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About V.F.

(Get Free Report)

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.

Further Reading

Analyst Recommendations for V.F. (NYSE:VFC)

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