Truist Financial Issues Pessimistic Forecast for V.F. (NYSE:VFC) Stock Price

V.F. (NYSE:VFCGet Free Report) had its target price decreased by investment analysts at Truist Financial from $18.00 to $15.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the textile maker’s stock. Truist Financial’s target price would indicate a potential downside of 7.96% from the stock’s current price.

Several other equities analysts also recently issued reports on the stock. BTIG Research raised shares of V.F. from a “neutral” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Wednesday, May 6th. Telsey Advisory Group set a $20.00 price target on shares of V.F. in a research note on Thursday, January 29th. Piper Sandler raised their price target on shares of V.F. from $14.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Seaport Research Partners raised shares of V.F. from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, April 14th. Finally, Weiss Ratings raised shares of V.F. from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Three equities research 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.50.

Check Out Our Latest Stock Analysis on V.F.

V.F. Price Performance

V.F. stock traded up $0.09 during mid-day trading on Thursday, reaching $16.30. The company had a trading volume of 7,594,693 shares, compared to its average volume of 7,046,180. V.F. has a fifty-two week low of $11.06 and a fifty-two week 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. The company has a market cap of $6.38 billion, a P/E ratio of 29.65, a P/E/G ratio of 0.84 and a beta of 1.62. The business has a fifty day simple moving average of $17.86 and a 200 day simple moving average of $18.20.

Hedge Funds Weigh In On V.F.

Hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC raised its stake in V.F. by 27.9% during the first quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock worth $46,000 after buying an additional 588 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in V.F. by 59.7% during the third quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock worth $40,000 after buying an additional 1,027 shares during the last quarter. Root Financial Partners LLC raised its stake in V.F. by 282.9% during the first quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock worth $52,000 after buying an additional 2,255 shares during the last quarter. Rothschild Investment LLC raised its stake in V.F. by 705.8% during the third quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock worth $54,000 after buying an additional 3,282 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in V.F. by 30.5% during the fourth quarter. GAMMA Investing LLC now owns 10,987 shares of the textile maker’s stock worth $199,000 after buying an additional 2,570 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

V.F. News Roundup

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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