Stock On Watch: Could VF Corp Lose Strenght? The Stock Increases A Lot Today

Stock On Watch: Could VF Corp Lose Strenght? The Stock Increases A Lot Today

The stock of VF Corp (NYSE:VFC) is a huge mover today! The stock increased 4.97% or $2.75 during the last trading session, hitting $58.05. About 6.47 million shares traded hands or 122.34% up from the average. VF Corp (NYSE:VFC) has declined 14.44% since April 20, 2016 and is downtrending. It has underperformed by 18.99% the S&P500.
The move comes after 5 months positive chart setup for the $24.36 billion company. It was reported on Nov, 22 by Barchart.com. We have $62.69 PT which if reached, will make NYSE:VFC worth $1.95B more.

VF Corp (NYSE:VFC) Ratings Coverage

Out of 21 analysts covering V.F. Corp (NYSE:VFC), 10 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 48% are positive. V.F. Corp has been the topic of 51 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was upgraded on Monday, July 27 by Goldman Sachs. Canaccord Genuity maintained VF Corp (NYSE:VFC) rating on Thursday, October 8. Canaccord Genuity has “Buy” rating and $90 price target. The rating was initiated by Canaccord Genuity on Tuesday, August 4 with “Buy”. The stock of VF Corp (NYSE:VFC) earned “Neutral” rating by Citigroup on Tuesday, October 25. Deutsche Bank downgraded the shares of VFC in a report on Tuesday, October 25 to “Hold” rating. The firm has “Neutral” rating given on Friday, September 2 by Buckingham Research. The stock of VF Corp (NYSE:VFC) earned “Neutral” rating by JP Morgan on Monday, October 24. Telsey Advisory Group upgraded VF Corp (NYSE:VFC) on Monday, October 26 to “Outperform” rating. The firm has “Hold” rating given on Monday, April 25 by BB&T Capital. The firm has “Overweight” rating by Piper Jaffray given on Wednesday, October 14.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.91 in Q2 2016. Its down 0.09, from 1 in 2016Q1. The ratio dived, as 53 funds sold all VF Corp shares owned while 265 reduced positions. 54 funds bought stakes while 264 increased positions. They now own 407.75 million shares or 0.77% less from 410.91 million shares in 2016Q1.
Schmidt P J Invest Inc accumulated 0.09% or 3,950 shares. Strs Ohio reported 214,995 shares or 0.06% of all its holdings. Northern Trust Corp last reported 0.13% of its portfolio in the stock. Iowa State Bank last reported 200 shares in the company. Argent Trust Co has 12,813 shares for 0.35% of their US portfolio. Wetherby Asset Mngmt owns 4,220 shares or 0.06% of their US portfolio. Scotia Cap Inc holds 0% or 3,422 shares in its portfolio. Dean Investment Limited Liability Company, a Ohio-based fund reported 11,928 shares. Moreover, Pillar Pacific Cap Management has 0.78% invested in VF Corp (NYSE:VFC) for 75,106 shares. Stewart & Patten Co Ltd Liability holds 1.72% of its portfolio in VF Corp (NYSE:VFC) for 142,145 shares. Nbt Natl Bank N A owns 5,961 shares or 0.06% of their US portfolio. Moreover, Campbell Newman Asset Mngmt Inc has 1.36% invested in VF Corp (NYSE:VFC) for 121,839 shares. Manufacturers Life Insur The has 359,672 shares for 0.03% of their US portfolio. Keybank National Association Oh holds 31,391 shares or 0.01% of its portfolio. Artemis Inv Mngmt Llp reported 270,033 shares or 0.27% of all its holdings.

Insider Transactions: Since August 10, 2016, the stock had 0 buys, and 2 insider sales for $18.68 million net activity. 25,540 shares were sold by OTIS CLARENCE JR, worth $1.59 million. Shares for $17.09 million were sold by WISEMAN ERIC C on Thursday, August 18.

More notable recent VF Corp (NYSE:VFC) news were published by: Wsj.com which released: “Wrangler Maker VF Corp. Cuts Guidance as Sales Slow” on October 24, 2016, also Thestreet.com with their article: “Avoid the Unfashionable Bargain That Is VF Corp” published on October 25, 2016, Thestreet.com published: “Jim Cramer — Here’s Why Kimberly-Clark, VF Corp. Earnings Disappointed” on October 24, 2016. More interesting news about VF Corp (NYSE:VFC) were released by: Thestreet.com and their article: “Analysts’ Actions — Chesapeake, McCormick, Time Warner, VF Corp. and More” published on October 25, 2016 as well as Valuewalk.com‘s news article titled: “Dividend Aristocrats In Focus Part 17: VF Corp (VFC)” with publication date: November 01, 2016.

VFC Company Profile

V.F. Corporation (VF), incorporated in December 4, 1899, is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and related products. The Firm has a portfolio of approximately 30 brands across a spectrum of activities and lifestyles. The Company’s divisions include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. The Firm owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories. The Company’s brands primarily include The North Face, Vans, Timberland, Wrangler, Lee, Nautica, Majestic and Kipling. The Company’s products are marketed to clients shopping in specialty stores, department stores, national chains, mass merchants and its own direct-to-consumer operations. The Company’s direct-to-consumer business includes VF-operated stores, concession retail stores and e-commerce sites. The Company’s brands sell products in international markets through licensees, distributors and independently-operated partnership stores. The Company’s products are obtained from over 28 VF-operated manufacturing facilities and approximately 1,900 contractor manufacturing facilities in over 60 countries. The Firm also operates approximately 30 distribution centers and over 1,520 retail stores.

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