Breaking: Is Buying VF Corp Here a Winning Strategy?

Breaking: Is Buying VF Corp Here a Winning Strategy?

The stock of VF Corp (NYSE:VFC) is a huge mover today! About 1.05 million shares traded hands. VF Corp (NYSE:VFC) has declined 13.01% since April 28, 2016 and is downtrending. It has underperformed by 18.93% the S&P500.
The move comes after 7 months positive chart setup for the $22.64 billion company. It was reported on Dec, 1 by Barchart.com. We have $57.52 PT which if reached, will make NYSE:VFC worth $679.20M more.

Analysts await VF Corp (NYSE:VFC) to report earnings on February, 17. They expect $0.99 EPS, up 4.21% or $0.04 from last year’s $0.95 per share. VFC’s profit will be $401.39M for 14.10 P/E if the $0.99 EPS becomes a reality. After $1.14 actual EPS reported by VF Corp for the previous quarter, Wall Street now forecasts -13.16% negative EPS growth.

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 stock of VF Corp (NYSE:VFC) has “Neutral” rating given on Tuesday, January 12 by Sterne Agee CRT. The firm earned “Buy” rating on Tuesday, August 4 by Canaccord Genuity. JP Morgan downgraded VF Corp (NYSE:VFC) on Monday, October 24 to “Neutral” rating. As per Tuesday, October 25, the company rating was downgraded by Citigroup. Deutsche Bank downgraded VF Corp (NYSE:VFC) on Tuesday, October 25 to “Hold” rating. Sterne Agee CRT downgraded the shares of VFC in a report on Thursday, November 12 to “Underperform” rating. The rating was downgraded by B. Riley & Co on Monday, January 4 to “Neutral”. Piper Jaffray maintained VF Corp (NYSE:VFC) on Wednesday, August 12 with “Hold” rating. Barclays Capital maintained VF Corp (NYSE:VFC) rating on Monday, February 22. Barclays Capital has “Overweight” rating and $72 price target. Macquarie Research initiated the shares of VFC in a report on Friday, February 19 with “Outperform” rating.

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 turned negative, 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.
Investors Cap Advisory Service owns 16,738 shares or 0.2% of their US portfolio. Moreover, Herndon Cap Mgmt Lc has 0% invested in VF Corp (NYSE:VFC) for 31 shares. Menta Capital holds 0.09% or 10,304 shares in its portfolio. Santa Barbara Asset Mgmt Limited Liability Company, a California-based fund reported 2.08M shares. Moreover, Iowa Commercial Bank has 0.01% invested in VF Corp (NYSE:VFC) for 200 shares. Delta Asset Mgmt Limited Liability Company Tn holds 0% of its portfolio in VF Corp (NYSE:VFC) for 104 shares. Schmidt P J Mngmt Inc, a Wisconsin-based fund reported 3,950 shares. Choate Investment Advsr last reported 19,273 shares in the company. Cg Asset Management last reported 74,070 shares in the company. Panagora Asset Mgmt Inc last reported 16,215 shares in the company. Kcm Investment Ltd holds 8,073 shares or 0.03% of its portfolio. Boston Research & Mngmt holds 3,460 shares or 0.13% of its portfolio. Primecap Mngmt Ca has 1.27 million shares for 0.08% of their US portfolio. South Texas Money Mngmt Limited holds 6,745 shares or 0.02% of its portfolio. Usca Ria Ltd Liability Co last reported 23,447 shares in the company.

Insider Transactions: Since August 10, 2016, the stock had 0 buys, and 2 sales for $18.68 million net activity. On Thursday, August 18 WISEMAN ERIC C sold $17.09M worth of the stock or 264,816 shares. 25,540 shares with value of $1.59M were sold by OTIS CLARENCE JR on Wednesday, August 10.

Another recent and important VF Corp (NYSE:VFC) news was published by Valuewalk.com which published an article titled: “Dividend Aristocrats In Focus Part 17: VF Corp (VFC)” on 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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