Pivotal Research Remains a Hold on VF Corp (VFC)

By Austin Angelo

Pivotal Research analyst Mitch Kummetz maintained a Hold rating on VF Corp (VFCResearch Report) today and set a price target of $90. The company’s shares opened today at $87.34, close to its 52-week high of $91.30.

According to TipRanks.com, Kummetz is a 3-star analyst with an average return of 2.6% and a 56.7% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Shoe Carnival, and Genesco Inc.

Currently, the analyst consensus on VF Corp is a Strong Buy with an average price target of $97.33.

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Based on VF Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $129 million. In comparison, last year the company had a net profit of $160 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, Active, Work and Jeans. The Outdoor segment refers to outdoor and activity-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.