Time to Buy V.F. Corporation (VFC) After The Completion of This Wedge Up Pattern?

February 15, 2018 - By marketbeat

Investors sentiment increased to 1.08 in 2017 Q3. Its up 0.15, from 0.93 in 2017Q2. It improved, as 42 investors sold V.F. Corporation shares while 233 reduced holdings. 85 funds opened positions while 211 raised stakes. 395.35 million shares or 2.44% less from 405.25 million shares in 2017Q2 were reported.
Waddell & Reed Fincl Inc invested 0.02% in V.F. Corporation (NYSE:VFC). Citigroup Inc holds 0.02% or 362,819 shares. Iberiabank owns 0.58% invested in V.F. Corporation (NYSE:VFC) for 55,040 shares. Glg Llc has invested 0.06% in V.F. Corporation (NYSE:VFC). Dubuque Bank & Tru reported 162 shares. Employees Retirement Of Texas holds 0.01% or 18,000 shares in its portfolio. Moreover, Laurel Grove Cap Ltd Limited Liability Company has 0.12% invested in V.F. Corporation (NYSE:VFC). Ashfield Prns Limited Company owns 111,874 shares or 0.95% of their US portfolio. Gemmer Asset Management Ltd Limited Liability Company has invested 0% of its portfolio in V.F. Corporation (NYSE:VFC). Commonwealth Of Pennsylvania School Empls Retrmt Sys stated it has 26,570 shares. Pinnacle Fincl Incorporated accumulated 6,886 shares. Hl Service Ltd Llc invested 0.02% in V.F. Corporation (NYSE:VFC). The Virginia-based Lowe Brockenbrough And Company Inc has invested 0.29% in V.F. Corporation (NYSE:VFC). New Mexico Educational Retirement Board accumulated 29,776 shares. Qci Asset Ny holds 0.01% in V.F. Corporation (NYSE:VFC) or 1,650 shares.

Since August 18, 2017, it had 0 buys, and 6 sales for $33.77 million activity. Shares for $1.44M were sold by MCCOLLOUGH W ALAN on Monday, August 21. Rendle Steven E sold $4.63 million worth of stock or 65,604 shares. MEAGHER LAURA C sold 14,036 shares worth $990,549. O’Meara Aidan sold 29,336 shares worth $1.83 million. $1.34M worth of V.F. Corporation (NYSE:VFC) shares were sold by Roe Scott A..

The stock of V.F. Corporation (VFC) formed an up wedge with $87.57 target or 4.00 % above today’s $84.20 share price. The 6 months wedge indicates low risk for the $33.27B company. If the $87.57 price target is reached, the company will be worth $1.33B more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.61% or $0.51 during the last trading session, reaching $84.2. About 2.02 million shares traded. V.F. Corporation (NYSE:VFC) has declined 13.07% since February 15, 2017 and is downtrending. It has underperformed by 29.77% the S&P500.

Analysts await V.F. Corporation (NYSE:VFC) to report earnings on February, 16. They expect $1.01 EPS, up 4.12 % or $0.04 from last year’s $0.97 per share. VFC’s profit will be $399.11 million for 20.84 P/E if the $1.01 EPS becomes a reality. After $1.23 actual EPS reported by V.F. Corporation for the previous quarter, Wall Street now forecasts -17.89 % negative EPS growth.

V.F. Corporation (NYSE:VFC) Ratings Coverage

Among 28 analysts covering V.F. Corp (NYSE:VFC), 12 have Buy rating, 1 Sell and 15 Hold. Therefore 43% are positive. V.F. Corp had 101 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Hold” rating by Zacks on Wednesday, August 26. PiperJaffray downgraded it to “Neutral” rating and $56 target in Tuesday, January 3 report. The stock of V.F. Corporation (NYSE:VFC) has “Neutral” rating given on Monday, October 24 by JP Morgan. On Monday, July 24 the stock rating was maintained by Stifel Nicolaus with “Hold”. As per Friday, September 16, the company rating was initiated by Susquehanna. Morgan Stanley downgraded the stock to “Underweight” rating in Monday, January 11 report. The rating was downgraded by Deutsche Bank to “Hold” on Tuesday, October 25. The stock of V.F. Corporation (NYSE:VFC) has “Hold” rating given on Tuesday, June 20 by Susquehanna. The stock of V.F. Corporation (NYSE:VFC) earned “Hold” rating by Stifel Nicolaus on Monday, August 14. On Monday, October 23 the stock rating was maintained by Robert W. Baird with “Buy”.

More notable recent V.F. Corporation (NYSE:VFC) news were published by: Seekingalpha.com which released: “VF Corporation: Way Overvalued” on January 28, 2018, also Nasdaq.com with their article: “VF Corp Opens New Distribution Center: Will it Aid Sales?” published on January 19, 2018, Nasdaq.com published: “VF Corp (VFC) Likely to Retain Positive Earnings Trend in Q4” on February 13, 2018. More interesting news about V.F. Corporation (NYSE:VFC) were released by: Streetinsider.com and their article: “Stifel Upgrades VF Corp. (VFC) to Buy” published on February 12, 2018 as well as Seekingalpha.com‘s news article titled: “Wrangling A High-Profile Apparel Company: VF Corp.” with publication date: February 13, 2018.

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