VF (NYSE:VFC) PT Set at $79.00 by Cowen

VF (NYSE:VFC) has been assigned a $79.00 target price by equities research analysts at Cowen in a research note issued on Monday, February 5th. The brokerage currently has a “hold” rating on the textile maker’s stock. Cowen’s price objective would suggest a potential downside of 5.49% from the stock’s previous close.

VFC has been the topic of several other research reports. DA Davidson raised their price objective on VF to $72.00 and gave the company a “neutral” rating in a report on Tuesday, October 24th. Guggenheim reissued a “buy” rating and set a $84.00 price objective on shares of VF in a report on Wednesday, January 10th. Piper Jaffray Companies raised VF from a “neutral” rating to an “overweight” rating and set a $56.00 target price for the company in a research report on Monday, February 5th. KeyCorp reaffirmed a “hold” rating on shares of VF in a research report on Tuesday, October 31st. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of VF in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $73.05.

VF (NYSE:VFC) traded down $0.10 during midday trading on Monday, hitting $83.59. The company had a trading volume of 412,843 shares, compared to its average volume of 2,618,423. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.47. VF has a 12 month low of $50.15 and a 12 month high of $84.00. The firm has a market cap of $32,445.69, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 2.29 and a beta of 0.90.

In other news, VP Scott H. Baxter sold 39,694 shares of VF stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $71.50, for a total value of $2,838,121.00. Following the completion of the transaction, the vice president now directly owns 112,202 shares of the company’s stock, valued at approximately $8,022,443. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Scott H. Baxter sold 89,822 shares of VF stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $71.14, for a total value of $6,389,937.08. Following the completion of the transaction, the vice president now directly owns 127,844 shares of the company’s stock, valued at $9,094,822.16. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Cerebellum GP LLC acquired a new stake in shares of VF in the 4th quarter valued at about $131,000. Carroll Financial Associates Inc. grew its stake in shares of VF by 368.3% in the 4th quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock valued at $151,000 after buying an additional 1,613 shares during the period. IFG Advisory LLC acquired a new stake in shares of VF in the 4th quarter valued at about $774,000. Alps Advisors Inc. acquired a new stake in shares of VF in the 4th quarter valued at about $205,000. Finally, Mission Wealth Management LP acquired a new stake in shares of VF in the 4th quarter valued at about $207,000.

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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.

Analyst Recommendations for VF (NYSE:VFC)

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