Time to Reconsider V.F. Corporation (VFC) After Reaching Record High?

February 15, 2018 - By Clifton Ray

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.15, from 0.93 in 2017Q2. It is positive, 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.
Thomaspartners Inc has 2.18% invested in V.F. Corporation (NYSE:VFC) for 4.30M shares. Evercore Wealth Management Limited Com has 0.04% invested in V.F. Corporation (NYSE:VFC). Pnc Serv Inc has invested 9.21% in V.F. Corporation (NYSE:VFC). Hallmark Cap Mngmt holds 0.21% or 25,950 shares. Johnson Financial has invested 0.01% in V.F. Corporation (NYSE:VFC). 3,927 are owned by Sns Fincl Grp Inc Llc. 37,270 are held by State Of Alaska Department Of Revenue. Aqr Mngmt Limited Liability invested in 0.01% or 153,388 shares. Stearns Grp accumulated 4,277 shares or 0.07% of the stock. Caxton Assoc Lp reported 5,900 shares or 0.01% of all its holdings. Sabal Co invested 0.04% of its portfolio in V.F. Corporation (NYSE:VFC). The Kansas-based Waddell & Reed has invested 0.02% in V.F. Corporation (NYSE:VFC). Royal National Bank & Trust Of Canada, a Ontario – Canada-based fund reported 786,346 shares. Cetera Advisors Limited Liability Co owns 4,981 shares. Planning Corp reported 3,897 shares.

Since August 18, 2017, it had 0 insider purchases, and 6 sales for $33.77 million activity. Roe Scott A. sold $1.34M worth of stock. O’Meara Aidan sold 29,336 shares worth $1.83M. WISEMAN ERIC C had sold 290,021 shares worth $18.32 million on Thursday, August 31. Shares for $990,549 were sold by MEAGHER LAURA C on Thursday, October 26. Another trade for 22,852 shares valued at $1.44M was made by MCCOLLOUGH W ALAN on Monday, August 21.

The stock of V.F. Corporation (NYSE:VFC) reached all time high today, Feb, 15 and still has $91.33 target or 9.00 % above today’s $83.79 share price. This indicates more upside for the $33.11 billion company. This technical setup was reported by Barchart.com. If the $91.33 PT is reached, the company will be worth $2.98B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.12% or $0.1 during the last trading session, reaching $83.79. About 1.30M 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 earnings per share, up 4.12 % or $0.04 from last year’s $0.97 per share. VFC’s profit will be $399.11M for 20.74 P/E if the $1.01 EPS becomes a reality. After $1.23 actual earnings per share 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 company was maintained on Wednesday, October 25 by Citigroup. The firm earned “Buy” rating on Monday, February 22 by Brean Capital. The stock of V.F. Corporation (NYSE:VFC) has “Buy” rating given on Friday, February 2 by Barclays Capital. The firm has “Hold” rating given on Monday, August 14 by Piper Jaffray. Stifel Nicolaus maintained the stock with “Hold” rating in Monday, August 14 report. The stock has “Overweight” rating by Piper Jaffray on Monday, October 26. The stock of V.F. Corporation (NYSE:VFC) earned “Hold” rating by Piper Jaffray on Wednesday, August 12. The firm has “Buy” rating given on Tuesday, July 25 by UBS. The firm earned “Hold” rating on Monday, August 14 by Cowen & Co. The stock has “Neutral” rating by B. Riley & Co on Monday, January 4.

More notable recent V.F. Corporation (NYSE:VFC) news were published by: Streetinsider.com which released: “VF Corp. (VFC) PT Raised to $95 at Susquehanna Following Management Meetings” on January 29, 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: Seekingalpha.com and their article: “VF Corporation: Way Overvalued” published on January 28, 2018 as well as Seekingalpha.com‘s news article titled: “Wrangling A High-Profile Apparel Company: VF Corp.” with publication date: February 13, 2018.

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 $33.11 billion. It operates through four divisions: Outdoor & Action Sports, Jeanswear, Imagewear, and Sportswear. It has a 35.24 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.

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