Price Action to Note: Is VF Corp’s Fuel For Real? The Stock Just Increased Again

Price Action to Note: Is VF Corp's Fuel For Real? The Stock Just Increased Again

The stock of VF Corp (NYSE:VFC) is a huge mover today! About 541,107 shares traded hands. VF Corp (NYSE:VFC) has declined 16.44% since March 9, 2016 and is downtrending. It has underperformed by 23.85% the S&P500.
The move comes after 7 months positive chart setup for the $22.36B company. It was reported on Oct, 12 by Barchart.com. We have $79.98 PT which if reached, will make NYSE:VFC worth $10.29 billion more.

Analysts await VF Corp (NYSE:VFC) to report earnings on October, 28. They expect $1.16 earnings per share, up 8.41% or $0.09 from last year’s $1.07 per share. VFC’s profit will be $473.49M for 11.81 P/E if the $1.16 EPS becomes a reality. After $0.36 actual earnings per share reported by VF Corp for the previous quarter, Wall Street now forecasts 222.22% EPS growth.

VF Corp (NYSE:VFC) Ratings Coverage

Out of 20 analysts covering V.F. Corp (NYSE:VFC), 12 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 60% are positive. V.F. Corp has been the topic of 45 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Tuesday, January 12 by Sterne Agee CRT. The company was initiated on Friday, September 16 by Susquehanna. The rating was initiated by Canaccord Genuity on Tuesday, August 4 with “Buy”. The rating was maintained by Telsey Advisory Group with “Outperform” on Monday, February 22. On Friday, February 19 the stock rating was initiated by Macquarie Research with “Outperform”. Piper Jaffray upgraded the shares of VFC in a report on Monday, October 26 to “Overweight” rating. The firm earned “Hold” rating on Monday, April 25 by BB&T Capital. Zacks upgraded VF Corp (NYSE:VFC) rating on Wednesday, August 26. Zacks has “Hold” rating and $77 price target. The rating was downgraded by Morgan Stanley on Monday, January 11 to “Underweight”. Telsey Advisory Group upgraded VF Corp (NYSE:VFC) rating on Monday, October 26. Telsey Advisory Group has “Outperform” rating and $79 price target.

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 increased to 1 in 2016 Q2. Its up 0.04, from 0.96 in 2016Q1. The ratio increased, 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.
Fiera Capital last reported 0.02% of its portfolio in the stock. Alecta Pensionsforsakring Omsesidigt owns 6.14M shares or 3.7% of their US portfolio. Westpac Bk Corp owns 73,368 shares or 0% of their US portfolio. Congress Asset Ma has invested 0.2% of its portfolio in VF Corp (NYSE:VFC). Atwood Palmer owns 200 shares or 0% of their US portfolio. Naples Advsrs Limited Liability Company last reported 0.77% of its portfolio in the stock. Moreover, Security Natl Trust has 0.08% invested in VF Corp (NYSE:VFC) for 3,421 shares. Nuveen Asset Mngmt Ltd Llc owns 36,027 shares or 0.01% of their US portfolio. Louisiana State Employees Retirement holds 21,900 shares or 0.07% of its portfolio. The Connecticut-based Euclid has invested 0.02% in VF Corp (NYSE:VFC). Nationwide Fund Advsr last reported 0.03% of its portfolio in the stock. Welch Gru Limited reported 2,503 shares or 0.03% of all its holdings. Hills Bank And owns 10,173 shares or 0.23% of their US portfolio. Zebra Cap Mngmt Limited Liability Corp accumulated 21,597 shares or 0.46% of the stock. Creative Planning accumulated 0.02% or 33,961 shares.

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

More notable recent VF Corp (NYSE:VFC) news were published by: Wsj.com which released: “North Face Owner VF Corp. CEO to Leave Helm” on October 05, 2016, also Thestreet.com with their article: “VF Corp (VFC) Stock Drops, Downgraded at BofA/Merrill Lynch” published on September 15, 2016, Thestreet.com published: “Analysts’ Actions — Cognizant, Dick’s, Seattle Genetics, VF Corp. and More” on September 15, 2016. More interesting news about VF Corp (NYSE:VFC) were released by: Investorplace.com and their article: “Why Monsanto Company (MON), Sarepta Therapeutics Inc (SRPT) and VF Corp (VFC …” published on September 15, 2016 as well as Prnewswire.com‘s news article titled: “Textile Stocks Under Scanner — V.F. Corp., Lululemon Athletica, G-III Apparel …” with publication date: October 05, 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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