Stifel Nicolaus Maintains a Buy Rating on VF Corp

By Jason Carr

In a report released today, Jim Duffy from Stifel Nicolaus maintained a Buy rating on VF Corp (NYSE: VFC), with a price target of $100. The company’s shares closed yesterday at $88.80, close to its 52-week high of $88.99.

According to TipRanks.com, Duffy is a 4-star analyst with an average return of 8.3% and a 62.7% success rate. Duffy covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, Fox Factory Holding, and Deckers Outdoor.

VF Corp has an analyst consensus of Moderate Buy, with a price target consensus of $93.25, which is a 5.0% upside from current levels. In a report issued on July 12, Deutsche Bank also initiated coverage with a Buy rating on the stock with a $93 price target.

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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 $271 million. In comparison, last year the company had a net profit of $116 million.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. Last month, Scott H. Baxter, the VP & Group Pres. of VFC sold 65,988 shares for a total of $5,533,094.

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 Others.