Guggenheim Securities Initiates Coverage on VF Corp to Buy

Guggenheim Securities Initiates Coverage on VF Corp(NYSE:VFC). The shares have been rated Buy. The rating by Guggenheim Securities was issued on Sep 30, 2016.

In a different note, Susquehanna said it Initiates Coverage on VF Corp, according to a research note issued on Sep 16, 2016. The shares have been rated ‘Neutral’ by the firm. On Sep 15, 2016, Bank of America said it Downgrades its rating on VF Corp. The shares have been rated ‘Underperform’ by the firm. 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) made into the market gainers list on Tuesdays trading session with the shares advancing 0.38% or 0.21 points. Due to strong positive momentum, the stock ended at $56.19, which is also near the day’s high of $56.48. The stock began the session at $55.67 and the volume stood at 49,21,525 shares. The 52-week high of the shares is $73.81 and the 52 week low is $52.21. The company has a current market capitalization of $23,304 M and it has 41,47,37,720 shares in outstanding.

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 Company’s brands primarily include The North Face Vans Timberland Wrangler Lee and Nautica. The Company’s 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 Company’s brands sell products in international markets through licensees distributors and independently-operated partnership stores.

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