Revenue Update on VF Corp(NYSE:VFC)

VF Corp(NYSE:VFC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 22, 2016. Company reported revenue of $2.44B. Analysts estimated a revenue of $2.53B. Earnings per share were $0.36. Analysts had estimated an EPS of $0.34.

In a different note, On Jul 15, 2016, Brean Capital said it Downgrades its rating on VF Corp. The shares have been rated ‘Buy’ by the firm. On Apr 25, 2016, BB&T Capital said it Downgrades its rating on VF Corp. The shares have been rated ‘Hold’ by the firm.

VF Corp (VFC) shares turned negative on Thursdays trading session with the shares closing down -0.09 points or -0.15% at a volume of 15,37,436. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $61.74. The peak price level was also seen at $61.74 while the days lowest was $61.1. Finally the shares closed at $61.63. The 52-week high of the shares is $77.4 while the 52-week low is $52.21. According to the latest information available, the market cap of the company is $25,701 M.

Several Insider Transactions has been reported to the SEC. On Mar 8, 2016, Eric C Wiseman (Chairman & CEO) sold 99,666 shares at $65.77 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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