V.F. Corp (NYSE:VFC) Price Target & New Coverage by Barclays

Equity research analysts at Barclays has begun coverage on V.F. Corp (NYSE:VFC) with Overweight rating. The target for VFC is exactly $96.0. It indicates a potential upside of 19.08 % from company’s last close price.

Despite the new coverage NYSE:VFC is currently trading -0.62% lower at $69.47 as of 10:03 AM New York time. V.F. Corp shares have [From2] 0% in the last 200 days, while the S&P500 has added 6.00% for the same time.

Out of 25 brokers covering V.F. Corp, 19 rate it a Buy, 5 indicate a Hold while 1 suggest a Sell. The highest target is $85 and the lowest is $48 according to Thomson/First Call. The 12-month mean target is $68.38, which means downside potential of 1.57% over the current price.

Institutional Ownership

Pnc Financial Services Group Inc. had the largest stake with ownership of 141.02M shares as of q2 2015 for 9.2% of the equity exposure. Amg National Trust Bank is another bull as the investment professional who is having 1.19M shares of V.F. Corp or 5.7% of their equity exposure. Moreover, Alecta Pensionsforsakring Omsesidigt have 3.3% of their equity exposure invested in the company for 6.14M shares. The Ohio-based fund Cincinnati Financial Corp disclosed it had purchased a stake worth about 3.19% of the investment professional’s stock portfolio in V.F. Corp. The Georgia-based fund Cornerstone Investment Partners Llc is also positive about the stock, possessing 1.02M shares or 2.86% of their equity exposure.

V.F. Corp (NYSE:VFC) 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.

V.F. Corp (NYSE:VFC) traded down -0.62% on 2 February, hitting $69.47. A total of 2.49 million shares of the company’s stock traded hands. This is down from average of 2.51 million shares. V.F. Corp has a 52 week low of $48.05 and a 52 week high of $71.95. The company has a market cap of $27.45 billion and a P/E ratio of 28.84.

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The post Barclays Starts Coverage on V.F. Corp (NYSE:VFC) Stock with Overweight Rating and $96.0 Target appeared first on Octafinance.