VF Corp Gets a Hold Rating from Canaccord Genuity

By Ryan Adsit

Canaccord Genuity analyst Camilo Lyon reiterated a Hold rating on VF Corp (NYSE: VFC) yesterday and set a price target of $53. The company’s shares closed yesterday at $53.19.

According to TipRanks.com, Lyon is ranked 0 out of 5 stars with an average return of -4.7% and a 40.5% success rate. Lyon covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, Sequential Brands, and Deckers Outdoor.

VF Corp has an analyst consensus of Hold, with a price target consensus of $51.

Based on VF Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.58 billion and quarterly net profit of $213 million. In comparison, last year the company earned revenue of $2.84 billion and had a net profit of $260 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. The Outdoor & Action Sports segment refers to outdoor and activity-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories. The Jeanswear segment offers denim and casual apparel. The Imagewear segment provides occupational workwear and athletic apparel. The Sportswear segment includes sportswear apparel and accessories. The company was founded in 1899 by John Barbey and headquartered in Greensboro, NC.