JP Morgan Issues a Upgrade for V.F. Corp (NYSE:VFC) from a Neutral to Overweight Rating

July 16, 2018 - By Catherine Diaz

V.F. Corporation (NYSE:VFC) Logo

Investors sentiment decreased to 0.85 in Q1 2018. Its down 0.16, from 1.01 in 2017Q4. It is negative, as 53 investors sold V.F. Corporation shares while 283 reduced holdings. 89 funds opened positions while 198 raised stakes. 383.50 million shares or 2.22% less from 392.21 million shares in 2017Q4 were reported.

Rockland Trust owns 5,260 shares or 0.05% of their US portfolio. Guinness Atkinson Asset reported 4,080 shares. Dnb Asset Management As reported 39,016 shares. Martin Currie invested in 0.5% or 97,025 shares. Fulton National Bank & Trust Na has invested 0.03% in V.F. Corporation (NYSE:VFC). Boston Research & Management Inc holds 0.13% of its portfolio in V.F. Corporation (NYSE:VFC) for 3,460 shares. Security Natl owns 2,534 shares. Swiss Bancorp invested in 1.08 million shares. Segall Bryant And Hamill Ltd Com holds 229,373 shares. Thomaspartners Inc reported 4.37M shares or 2.37% of all its holdings. Stephens Ar holds 21,625 shares. Sva Plumb Wealth Management Limited Liability has 0.24% invested in V.F. Corporation (NYSE:VFC). Lazard Asset Management Limited Liability Corp owns 137 shares or 0% of their US portfolio. Mason Street Advisors Ltd Limited Liability Company holds 0.08% in V.F. Corporation (NYSE:VFC) or 45,864 shares. Moreover, Wellington Mgmt Llp has 0.21% invested in V.F. Corporation (NYSE:VFC) for 12.57M shares.

Since May 14, 2018, it had 0 insider buys, and 6 insider sales for $17.95 million activity. Shares for $5.94 million were sold by Rendle Steven E. 65,988 shares were sold by Baxter Scott H, worth $5.53 million on Thursday, June 14. BAILEY KEVIN sold $1.16 million worth of stock. 20,096 shares were sold by Roe Scott A., worth $1.60M on Friday, May 18. Scabbia Guerrini Martino also sold $1.69M worth of V.F. Corporation (NYSE:VFC) shares.

V.F. Corp (NYSE:VFC) Stock Upgrade

JP Morgan upped shares of V.F. Corp (NYSE:VFC) to a solid Overweight rating from the previous Neutral. This change in rating was issued in a research report today.

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

Among 15 analysts covering VF Corp (NYSE:VFC), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. VF Corp has $101 highest and $78 lowest target. $85.14’s average target is -3.76% below currents $88.47 stock price. VF Corp had 19 analyst reports since January 26, 2018 according to SRatingsIntel. The firm has “Neutral” rating given on Tuesday, February 20 by JP Morgan. The stock has “Hold” rating by Cowen & Co on Monday, February 5. Stifel Nicolaus upgraded the shares of VFC in report on Monday, February 12 to “Buy” rating. Buckingham Research maintained the stock with “Neutral” rating in Tuesday, May 8 report. On Monday, February 5 the stock rating was upgraded by PiperJaffray to “Overweight”. Piper Jaffray maintained the shares of VFC in report on Friday, February 16 with “Buy” rating. The stock of V.F. Corporation (NYSE:VFC) has “Outperform” rating given on Monday, May 7 by Robert W. Baird. The firm has “Overweight” rating by Barclays Capital given on Tuesday, February 20. The firm has “Buy” rating given on Friday, February 2 by Barclays Capital. The stock of V.F. Corporation (NYSE:VFC) earned “Buy” rating by Canaccord Genuity on Monday, April 30.

The stock increased 4.28% or $3.63 during the last trading session, reaching $88.47. About 2.36M shares traded or 20.01% up from the average. V.F. Corporation (NYSE:VFC) has risen 53.64% since July 16, 2017 and is uptrending. It has outperformed by 41.07% the S&P500.

Analysts await V.F. Corporation (NYSE:VFC) to report earnings on July, 23. They expect $0.33 EPS, up 13.79 % or $0.04 from last year’s $0.29 per share. VFC’s profit will be $130.17M for 67.02 P/E if the $0.33 EPS becomes a reality. After $0.67 actual EPS reported by V.F. Corporation for the previous quarter, Wall Street now forecasts -50.75 % negative EPS growth.

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products in the Americas, Europe, and the Asia Pacific. The company has market cap of $34.90 billion. It operates through four divisions: Outdoor & Action Sports, Jeanswear, Imagewear, and Sportswear. It has a 53.55 P/E ratio. The firm offers outdoor apparel, youth culture/action sports-inspired footwear, footwear and equipment, handbags, luggage, backpacks, totes, accessories, backpacks, surfing-inspired footwear, merino wool socks, womenÂ’s activewear, and travel accessories under The North Face, Vans, Timberland, Kipling, Napapijri, JanSport, Reef, Smartwool, Eastpak, lucy, and Eagle Creek brands.

More news for V.F. Corporation (NYSE:VFC) were recently published by: Benzinga.com, which released: “VF Corp. Upgraded On Strength In Vans Brand, Consumer Momentum” on July 13, 2018. Benzinga.com‘s article titled: “31 Stocks Moving In Monday’s Mid-Day Session” and published on July 16, 2018 is yet another important article.

V.F. Corporation (NYSE:VFC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.