V.F. Corporation (VFC) has been under a strong bear grip, hence the stock is down -3.05% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.16% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.1% in the last 1 week, and is up 0.21% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1% and the 50-Day Moving Average is 0.03%. V.F. Corporation has dropped 0.4% during the last 3-month period . Year-to-Date the stock performance stands at 1.45%.
V.F. Corporation (NYSE:VFC): stock turned positive on Friday. Though the stock opened at $61.5, the bulls momentum made the stock top out at $62.53 level for the day. The stock recorded a low of $61.24 and closed the trading day at $62.43, in the green by 1.30%. The total traded volume for the day was 2,781,717. The stock had closed at $61.63 in the previous days trading.
Also, Brokerage firm Brean Capital downgrades its rating on V.F. Corporation (NYSE:VFC). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on July 15, 2016.
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.