VF (NYSE:VFC) Shares Gap Up – Still a Buy?

VF Corporation (NYSE:VFC)’s share price gapped up prior to trading on Monday . The stock had previously closed at $13.28, but opened at $14.95. VF shares last traded at $15.19, with a volume of 2,073,800 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VFC. Truist Financial restated a “hold” rating and issued a $24.00 target price (up previously from $20.00) on shares of VF in a report on Thursday, January 30th. Jefferies Financial Group raised their target price on shares of VF from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. BMO Capital Markets raised their target price on shares of VF from $14.00 to $25.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Robert W. Baird lifted their price target on shares of VF from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Finally, Piper Sandler cut their price target on shares of VF from $18.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $21.40.

VF Trading Up 7.3%

The firm has a 50-day moving average price of $13.86 and a 200-day moving average price of $19.48. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56. The stock has a market cap of $5.55 billion, a PE ratio of -11.97, a price-to-earnings-growth ratio of 6.77 and a beta of 1.68.

Institutional Investors Weigh In On VF

Several large investors have recently bought and sold shares of the business. Amalgamated Bank increased its holdings in VF by 46.2% in the 1st quarter. Amalgamated Bank now owns 152,410 shares of the textile maker’s stock worth $2,365,000 after buying an additional 48,151 shares in the last quarter. SG Americas Securities LLC bought a new stake in VF in the 1st quarter worth about $350,000. Fiduciary Alliance LLC increased its holdings in VF by 16.4% in the 1st quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker’s stock worth $4,634,000 after buying an additional 42,065 shares in the last quarter. Rhumbline Advisers increased its holdings in VF by 11.0% in the 1st quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker’s stock worth $14,414,000 after buying an additional 92,174 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in VF by 1,355.2% in the 1st quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker’s stock worth $6,276,000 after buying an additional 376,615 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors.

VF Company Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.