VF (VFC) Given a $79.00 Price Target at Cowen

Cowen set a $79.00 price target on VF (NYSE:VFC) in a research report sent to investors on Monday morning. The firm currently has a hold rating on the textile maker’s stock.

Other analysts have also issued research reports about the company. Robert W. Baird restated an average rating and issued a $84.00 target price on shares of VF in a report on Wednesday, January 3rd. Canaccord Genuity set a $81.00 price objective on VF and gave the stock a buy rating in a report on Thursday, October 19th. Susquehanna Bancshares reiterated a buy rating and set a $75.00 price objective on shares of VF in a report on Monday, October 16th. Pivotal Research increased their price objective on VF from $75.00 to $81.00 and gave the stock a buy rating in a report on Tuesday, October 24th. Finally, UBS Group reiterated a buy rating and set a $77.00 price objective (up from $66.00) on shares of VF in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $71.76.

Shares of VF (NYSE:VFC) opened at $80.47 on Monday. The stock has a market capitalization of $31,070.57, a price-to-earnings ratio of 33.95, a PEG ratio of 2.21 and a beta of 0.90. VF has a 1-year low of $48.05 and a 1-year high of $82.95. The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.54.

In other VF news, Director Robert J/Ny Hurst sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $70.14, for a total transaction of $631,260.00. Following the transaction, the director now directly owns 197,740 shares in the company, valued at $13,869,483.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Scott H. Baxter sold 39,694 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $71.50, for a total value of $2,838,121.00. Following the transaction, the vice president now owns 112,202 shares in the company, valued at $8,022,443. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,516 shares of company stock worth $10,209,168. Corporate insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of VFC. Keel Point LLC grew its position in shares of VF by 3.4% in the second quarter. Keel Point LLC now owns 4,531 shares of the textile maker’s stock valued at $261,000 after purchasing an additional 148 shares during the last quarter. Archford Capital Strategies LLC grew its position in shares of VF by 17,186.1% in the second quarter. Archford Capital Strategies LLC now owns 6,223 shares of the textile maker’s stock valued at $601,000 after purchasing an additional 6,187 shares during the last quarter. RNC Capital Management LLC grew its position in shares of VF by 1.5% in the second quarter. RNC Capital Management LLC now owns 4,135 shares of the textile maker’s stock valued at $238,000 after purchasing an additional 60 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of VF in the second quarter valued at about $9,602,000. Finally, Rockefeller Financial Services Inc. acquired a new stake in shares of VF in the third quarter valued at about $686,000.

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About VF

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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