Forward View Consulting Upgrades VF Corp to Hold

By Austin Angelo

Forward View Consulting analyst Nathan Yates upgraded VF Corp (NYSE: VFC) to Hold on July 28 and set a price target of $65. The company’s shares closed on Friday at $61.85.

According to, Yates is ranked 0 out of 5 stars with an average return of -9.6% and a 28.9% success rate. Yates covers the Consumer Goods sector, focusing on stocks such as Brunswick Corporation, Sturm Ruger & Company, and Johnson Outdoors Inc.

Currently, the analyst consensus on VF Corp is Hold and the average price target is $56.86, representing a -8.1% downside.

In a report issued on July 17, Canaccord Genuity also reiterated a Hold rating on the stock with a $53 price target.

Based on VF Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.36 billion and quarterly net profit of $110 million. In comparison, last year the company earned revenue of $2.46 billion and had a net profit of $201 million.

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VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear.