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 TipRanks.com, 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.