Just How Positive is BofA Merrill on V.F. Corp (NYSE:VFC) Following Their Upgrade?

July 13, 2018 - By Sonya McDaniel

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 dropped, 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.

Kcm Investment Advsrs Ltd accumulated 3,448 shares. Regent Invest Mgmt Limited Liability invested in 0.85% or 34,064 shares. Tctc Limited Liability Co has 0.02% invested in V.F. Corporation (NYSE:VFC). Oakworth owns 4,974 shares. 24,575 are owned by Hallmark Cap. Dearborn Prns Llc has invested 1.71% in V.F. Corporation (NYSE:VFC). Bokf Na holds 66,060 shares. 32,000 are owned by Rbf Cap Limited Liability Corp. Kbc Gru Nv reported 0.07% stake. Moreover, Foster Motley Incorporated has 0.06% invested in V.F. Corporation (NYSE:VFC) for 4,922 shares. Perkins Coie, a Washington-based fund reported 28,190 shares. Woodley Farra Manion Portfolio invested in 3.93% or 470,479 shares. Gw Henssler & has 1.08% invested in V.F. Corporation (NYSE:VFC) for 145,202 shares. Coldstream Management holds 0.26% or 32,505 shares in its portfolio. Atwood Palmer holds 0% or 333 shares in its portfolio.

Since May 14, 2018, it had 0 insider purchases, and 6 selling transactions for $17.95 million activity. The insider BAILEY KEVIN sold $1.16 million. $5.94M worth of stock was sold by Rendle Steven E on Friday, May 18. The insider CHUGG JULIANA L sold $2.02M. Another trade for 65,988 shares valued at $5.53 million was made by Baxter Scott H on Thursday, June 14. 20,096 shares valued at $1.69 million were sold by Scabbia Guerrini Martino on Tuesday, June 12.

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

BofA Merrill upped shares of V.F. Corp (NYSE:VFC) to a solid Buy rating from the previous Underperform. This change in rating was revealed to clients and investors 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 0.41% above currents $84.79 stock price. VF Corp had 19 analyst reports since January 26, 2018 according to SRatingsIntel. Canaccord Genuity maintained it with “Buy” rating and $90.0 target in Monday, January 29 report. The firm 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 rating was upgraded by PiperJaffray on Monday, February 5 to “Overweight”. Piper Jaffray maintained it with “Buy” rating and $89.0 target in Friday, February 16 report. The rating was upgraded by Stifel Nicolaus on Monday, February 12 to “Buy”. The stock of V.F. Corporation (NYSE:VFC) has “Hold” rating given on Friday, January 26 by Piper Jaffray. The stock of V.F. Corporation (NYSE:VFC) earned “Buy” rating by Barclays Capital on Friday, February 2. On Monday, April 30 the stock rating was maintained by Canaccord Genuity with “Buy”. Buckingham Research maintained the shares of VFC in report on Tuesday, May 8 with “Neutral” rating.

The stock increased 1.30% or $1.09 during the last trading session, reaching $84.79. About 1.13M shares traded. V.F. Corporation (NYSE:VFC) has risen 53.64% since July 13, 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 earnings per share, up 13.79 % or $0.04 from last year’s $0.29 per share. VFC’s profit will be $130.17M for 64.23 P/E if the $0.33 EPS becomes a reality. After $0.67 actual earnings per share 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 $33.45 billion. It operates through four divisions: Outdoor & Action Sports, Jeanswear, Imagewear, and Sportswear. It has a 51.33 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 recent V.F. Corporation (NYSE:VFC) news were published by: Fool.com which released: “VF Corporation Upgraded: The Best Stock for Back-to-School Season?” on July 13, 2018. Also Benzinga.com published the news titled: “Goldman Sachs Bullish On Tapestry, VF Corp, Tiffany; Says Sell PVH” on June 26, 2018. Streetinsider.com‘s news article titled: “BofA/Merrill Lynch Upgrades VF Corp. (VFC) to Buy on Vans Momentum” with publication date: July 13, 2018 was also an interesting one.

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

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