Citigroup Cuts V.F. (NYSE:VFC) Price Target to $19.00

V.F. (NYSE:VFC) had its price objective lowered by Citigroup from $20.00 to $19.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the textile maker’s stock.

VFC has been the subject of a number of other research reports. Jefferies Financial Group began coverage on V.F. in a research note on Wednesday, January 14th. They issued a “hold” rating and a $18.00 price target for the company. UBS Group reiterated a “neutral” rating and set a $20.00 price objective on shares of V.F. in a research note on Thursday, January 29th. Barclays reissued an “overweight” rating on shares of V.F. in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of V.F. in a report on Monday, April 27th. Finally, Truist Financial set a $18.00 price target on shares of V.F. in a research report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.68.

V.F. Price Performance

Shares of NYSE VFC opened at $18.98 on Wednesday. The stock has a market capitalization of $7.43 billion, a PE ratio of 34.51, a P/E/G ratio of 0.95 and a beta of 1.62. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.55 and a quick ratio of 1.03. The business has a fifty day moving average price of $18.11 and a two-hundred day moving average price of $18.07. V.F. has a fifty-two week low of $11.06 and a fifty-two week high of $22.27.

Insider Transactions at V.F.

In other V.F. news, Director Juliana L. Chugg sold 6,678 shares of the business’s stock in a transaction dated 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 transaction, the director owned 40 shares of the company’s stock, valued at approximately $852. The trade was a 99.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On V.F.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its position in V.F. by 27.9% in the first quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock valued at $46,000 after buying an additional 588 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of V.F. during the first quarter worth $3,209,000. Root Financial Partners LLC lifted its stake in shares of V.F. by 282.9% in the 1st quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 2,255 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of V.F. by 14.0% in the 4th quarter. Russell Investments Group Ltd. now owns 659,773 shares of the textile maker’s stock valued at $11,930,000 after acquiring an additional 81,006 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of V.F. by 28.0% during the 4th quarter. Captrust Financial Advisors now owns 90,873 shares of the textile maker’s stock valued at $1,643,000 after acquiring an additional 19,880 shares in the last quarter. 86.84% of the stock is owned by institutional investors.

V.F. Company Profile

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.