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

V.F. (NYSE:VFCGet Free Report) had its price objective reduced by research analysts at Wells Fargo & Company from $20.00 to $18.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 12.54% from the stock’s current price.

Several other brokerages have also recently issued reports on VFC. Piper Sandler raised their target price on V.F. from $14.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Barclays set a $24.00 target price on V.F. in a research report on Thursday. Citigroup assumed coverage on V.F. in a research report on Thursday. They issued a “neutral” rating and a $18.00 target price on the stock. Zacks Research raised V.F. from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Finally, Stifel Nicolaus raised their target price on V.F. from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Thursday, January 29th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.66.

Get Our Latest Stock Report on VFC

V.F. Stock Performance

Shares of V.F. stock traded down $0.22 during trading 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 has a debt-to-equity ratio of 1.99, a current ratio of 1.55 and a quick ratio of 1.03. V.F. has a 1 year low of $11.06 and a 1 year high of $22.27. The stock has a market capitalization of $6.26 billion, a P/E ratio of 29.06, a PEG ratio of 0.84 and a beta of 1.62. The business has a 50-day simple moving average of $17.86 and a 200-day simple moving average of $18.20.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC raised its stake in shares of V.F. by 43.4% in the third 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 during the period. Russell Investments Group Ltd. raised its stake in shares of V.F. by 14.0% in the fourth quarter. Russell Investments Group Ltd. now owns 659,773 shares of the textile maker’s stock worth $11,930,000 after buying an additional 81,006 shares during the period. Fiduciary Alliance LLC raised its stake in shares of V.F. by 10.3% in the fourth quarter. Fiduciary Alliance LLC now owns 647,496 shares of the textile maker’s stock worth $11,707,000 after buying an additional 60,619 shares during the period. New York State Common Retirement Fund raised its stake in shares of V.F. by 0.8% in the fourth quarter. New York State Common Retirement Fund now owns 540,861 shares of the textile maker’s stock worth $9,779,000 after buying an additional 4,249 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new position in shares of V.F. in the first quarter worth about $3,209,000. Institutional investors own 86.84% of the company’s stock.

Key Stories Impacting V.F.

Here are the key news stories impacting V.F. this week:

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.

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

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