V.F. Corporation (VFC)’s Stock Is Buy After Achieving 52-Week High

July 16, 2018 - By Richard Slagle

V.F. Corporation (NYSE:VFC) Logo

Investors sentiment decreased to 0.85 in 2018 Q1. 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.
Wallington Asset Llc has 3.05% invested in V.F. Corporation (NYSE:VFC) for 155,445 shares. Town & Country Bancorp & Dba First Bankers holds 0.41% in V.F. Corporation (NYSE:VFC) or 10,490 shares. Dean Associate Limited Liability invested in 6,163 shares. First Trust Limited Partnership has invested 0.08% of its portfolio in V.F. Corporation (NYSE:VFC). Perigon Wealth Ltd Liability Corporation has invested 0% in V.F. Corporation (NYSE:VFC). 6,549 are owned by Cetera Advisor Netwr Limited Co. Virtu Financial Ltd Liability has 9,867 shares. Denver Invest Advsr Ltd Limited Liability Company accumulated 168,175 shares. Peoples Fincl Serv invested 0.29% of its portfolio in V.F. Corporation (NYSE:VFC). Sheets Smith Wealth Mngmt has invested 0.07% in V.F. Corporation (NYSE:VFC). Pensionfund Dsm Netherlands reported 40,700 shares. Schwab Charles Mgmt Inc holds 2.15M shares or 0.12% of its portfolio. 21,977 were accumulated by Panagora Asset Mgmt. Bp Public Limited Com holds 0.1% or 39,000 shares in its portfolio. Envestnet Asset reported 0% in V.F. Corporation (NYSE:VFC).

Since May 14, 2018, it had 0 insider purchases, and 6 insider sales for $17.95 million activity. 65,988 shares were sold by Baxter Scott H, worth $5.53M on Thursday, June 14. Roe Scott A. had sold 20,096 shares worth $1.60 million on Friday, May 18. $5.94 million worth of stock was sold by Rendle Steven E on Friday, May 18. 25,540 V.F. Corporation (NYSE:VFC) shares with value of $2.02 million were sold by CHUGG JULIANA L. 20,096 shares were sold by Scabbia Guerrini Martino, worth $1.69 million.

The stock of V.F. Corporation (NYSE:VFC) hit a new 52-week high and has $92.85 target or 5.00 % above today’s $88.43 share price. The 8 months bullish chart indicates low risk for the $34.88 billion company. The 1-year high was reported on Jul, 16 by Barchart.com. If the $92.85 price target is reached, the company will be worth $1.74B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 4.23% or $3.59 during the last trading session, reaching $88.43. About 2.42M shares traded or 22.97% 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 66.99 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 (NYSE:VFC) Ratings Coverage

Among 15 analysts covering VF Corp (NYSE:VFC), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. VF Corp had 20 analyst reports since January 26, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Monday, January 29 by Canaccord Genuity. JP Morgan upgraded V.F. Corporation (NYSE:VFC) on Monday, July 16 to “Overweight” rating. The stock of V.F. Corporation (NYSE:VFC) has “Neutral” rating given on Tuesday, May 8 by Buckingham Research. The stock of V.F. Corporation (NYSE:VFC) earned “Hold” rating by Piper Jaffray on Friday, January 26. PiperJaffray upgraded the shares of VFC in report on Monday, February 5 to “Overweight” rating. Cowen & Co maintained the stock with “Hold” rating in Monday, February 5 report. The stock has “Neutral” rating by JP Morgan on Tuesday, February 20. Piper Jaffray maintained the shares of VFC in report on Friday, February 16 with “Buy” rating. The firm earned “Overweight” rating on Tuesday, February 20 by Barclays Capital. The firm earned “Buy” rating on Friday, February 2 by Barclays Capital.

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 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 $34.88 billion. It operates through four divisions: Outdoor & Action Sports, Jeanswear, Imagewear, and Sportswear. It has a 53.53 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.

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

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