Analysis: V.F. Corp (NYSE:VFC) Stock Target Has Been Increased Today
In analysts note sent to investors by Susquehanna on 11 December, the firm, V.F. Corp (NYSE:VFC), had their target downgraded to $73.00. Analusts presently have a solid “Positive” rating on the stock.
From a total of 26 analysts covering V.F. Corp (NYSE:VFC) stock, 22 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 88% of the ratings are positive. The highest target price is $90 while the lowest target price is $57. The mean of all analyst targets is $77.38 with a 30.22% above today’s ($61.85) stock price. V.F. Corp was the topic of 21 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Sterne Agee CRT downgraded shares on November 12 to “Underperform” rating. Piper Jaffray maintained shares with “Hold” rating and $77 target share price in a report from an August 12. Piper Jaffray upgraded VFC stock in a recent report from October 26 to “Overweight” rating. Finally, Buckingham Research upgraded the stock to “Buy” rating in a report issued on a July 24.
Approximately 1.14 million shares of stock traded hands. VF Corp (NYSE:VFC) has declined 12.45% since May 8, 2015 and is downtrending. It has underperformed by 9.43% the S&P500.
The overall sentiment of institutions has increased to 1.13 in Q2 2015. Its up 0.19, from 0.94 in 2015Q2. The ratio is positive, as 57 institutions have sold all the shares of VF Corp that they owned while 271 funds have taken shares off the table. 73 funds have purchased shares for the first time while 299 added to their positions. These institutions now hold 410.25 million shares or 4.25% less than the 428.45 million shares they owned in 2015Q2.
The Fund Pnc Financial Services Group Inc. currently is holding shares equating to 13.77% of its total portfolio in VF Corp representing a total of 169.00 million shares. Another fund,Jgp Global Gestao De Recursos Ltda., is holding a total of 275,725 shares equating to 10.32% of their holdings. Additionally, Amg National Trust Bank has a 984,485 share stake in VF Corp which represents 6.38% of their total portfolio. The Fund, Csat Investment Advisory L.P., based out of Michigan, has also built up a stake in the stock, which represents a total of 4.77% of their total portfolio. Finally Cincinnati Financial Corp, a fund which is based in the state of Ohio reported a total holdings of 1.02 million shares.
Insider activity is a very important aspect to track on any stock. Going back to February 25, 2015, shareholders of VF Corp have witnessed 1 buying transaction, and a total of 4 selling transactions equating to a net activity of approximately $24.73 million . Carucci Richard bought 4,000 shares worth approximately $284,070. Wiseman Eric C sold 133,956 shares worth approximately $10.17M. Meagher Laura C sold 27,355 shares worth approximately $2.07M. De Bedout Juan Ernesto sold 17,200 shares worth approximately $1.31 million. The company insider John E Barbey Trust Udt Dated 08/21/51 Fbo Helen Mucklow (Dec’d) As Appt’d For John E. B.Dupont sold 4,000 shares worth $282,414.
V.F. Corporation is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and accessories. The company has a market cap of $26.95 billion. The Firm operates through five coalitions: Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear and Contemporary Brands. It has 25.71 P/E ratio. The Firm owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories.
According to Zacks Investment Research, “V.F. Corporation designs, manufactures and markets branded jeanswear, intimate apparel, children’s playwear, occupational apparel, knitwear and other apparel. VF Corporation oversees the operations of its individual businesses, providing them with financial and administrative resources. Its principal brands include Lee, Wrangler, Riders, Rustler, Vanity Fair, Vassarette, Bestform, Lily of France, Lee Sport, Healthtex, JanSport, Eastpak, Red Kap and The North Face.” Get a free copy of the Zacks research report on VF Corp (VFC).