Brokerage firm Bank of America Downgrades its rating on VF Corp(NYSE:VFC). The shares have been rated Underperform. Previously, the analysts had a Buy rating on the shares. The rating by Bank of America was issued on Sep 15, 2016.
In a different note, On Sep 12, 2016, Wells Fargo said it Assumes its rating on VF Corp. The shares have been rated ‘Market Perform’ by the firm. On Sep 6, 2016, DA Davidson said it Downgrades its rating on VF Corp. In the research note, the firm Lowers the price-target to $78.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 15, 2016, Brean Capital said it Downgrades its rating on VF Corp. The shares have been rated ‘Buy’ by the firm.
VF Corp (VFC) shares turned negative on Tuesdays trading session with the shares closing down -0.44 points or -0.78% at a volume of 28,95,530. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $57.08. The peak price level was also seen at $57.08 while the days lowest was $56.005. Finally the shares closed at $56.14. The 52-week high of the shares is $73.81 while the 52-week low is $52.21. According to the latest information available, the market cap of the company is $23,283 M.
VF Corp(VFC) last announced its earnings results on Jul 22, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.44B. Analysts had an estimated revenue of $2.53B. Earnings per share were $0.36. Analysts had estimated an EPS of $0.34.
Several Insider Transactions has been reported to the SEC. On Aug 22, 2016, Eric C Wiseman (Chairman & CEO) sold 264,816 shares at $64.41 per share price.Also, On Mar 3, 2016, Steven E Rendle (President & COO) sold 53,800 shares at $66.13 per share price.On Mar 2, 2016, Scott A. Roe (VP & CFO) sold 6,512 shares at $65.48 per share price, according to the Form-4 filing with the securities and exchange commission.
V.F. Corporation (VF) is engaged in the design manufacturing marketing and distribution of branded lifestyle apparel footwear and accessories. The Company operates through five coalitions: Outdoor & Action Sports Jeanswear Imagewear Sportswear and Contemporary Brands. The Company owns a portfolio of brands in the outerwear footwear denim backpack luggage accessory sportswear occupational and performance apparel categories. The Companys brands primarily include The North Face Vans Timberland Wrangler Lee and Nautica. The Companys products are marketed to consumers shopping in specialty stores upscale and traditional department stores national chains mass merchants and its own direct-to-consumer operations. Its direct-to-consumer business includes VF-operated stores concession retail stores and e-commerce sites. The Companys brands sell products in international markets through licensees distributors and independently-operated partnership stores.