Wells Fargo & Company Has Lowered Expectations for V.F. (NYSE:VFC) Stock Price

V.F. (NYSE:VFCGet Free Report) had its target price dropped by research analysts at Wells Fargo & Company from $20.00 to $18.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 12.54% from the company’s previous close.

Several other analysts also recently issued reports on the company. UBS Group reissued a “neutral” rating and set a $20.00 target price on shares of V.F. in a research note on Thursday, January 29th. Williams Trading set a $19.00 target price on V.F. in a research note on Sunday. JPMorgan Chase & Co. reissued an “underweight” rating and set a $18.00 target price (down from $19.00) on shares of V.F. in a research note on Monday, February 23rd. Evercore set a $18.00 target price on V.F. in a research note on Thursday. Finally, Stifel Nicolaus lifted their price objective on V.F. from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Thursday, January 29th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, V.F. has an average rating of “Hold” and an average price target of $18.66.

Read Our Latest Analysis on V.F.

V.F. Price Performance

VFC traded down $0.22 on Thursday, hitting $15.99. 4,706,644 shares of the company’s stock traded hands, compared to its average volume of 7,019,297. The company’s 50 day simple moving average is $17.86 and its 200-day simple moving average is $18.20. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 29.06, a P/E/G ratio of 0.84 and a beta of 1.62. V.F. has a one year low of $11.06 and a one year 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.

Institutional Trading of V.F.

Large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in V.F. by 27.9% in the 1st quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock worth $46,000 after acquiring an additional 588 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in V.F. by 59.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock worth $40,000 after acquiring an additional 1,027 shares during the last quarter. Root Financial Partners LLC boosted its holdings 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 worth $52,000 after purchasing an additional 2,255 shares during the period. Rothschild Investment LLC boosted its holdings in shares of V.F. by 705.8% in the 3rd quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock worth $54,000 after purchasing an additional 3,282 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of V.F. by 30.5% in the 4th quarter. GAMMA Investing LLC now owns 10,987 shares of the textile maker’s stock worth $199,000 after purchasing an additional 2,570 shares during the period. Institutional investors own 86.84% of the company’s stock.

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V.F. Company Profile

(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.

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

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