At the recent close, V.F. Corporation (NYSE:VFC) tinted loss of -2.49% (-1.53 points) to US$60.03. The company’s revenue for the quarter was up.8% compared to the same quarter a year ago. PNC Financial Services has been the topic of 24 analyst reports since September 8, 2015 according to StockzIntelligence Inc.
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The company also recently declared a quarterly dividend, which will be paid on Monday, September 19th. The forecast of 14 polled investment analysts covering the stock advises investors to Buy stake in the company.
The team rates VF Corp as a Buy with a ratings score of B. This is driven by several positive factors, which it believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks the team covers. Dubuque Bank & Trust Co. boosted its stake in V.F. Corp.by 42.4% in the first quarter. Amg National Trust Bank owns 1.12 million shares or 6.13% of their United States portfolio. CLS Investments LLC purchased a new stake in V.F. Corp. during the first quarter valued at $199,000.
In a related news, The (Chairman & CEO), of V F Corp, Wiseman Eric C had unloaded 264,816 shares at $64.41 per share in a transaction on August 18, 2016. The company’s institutional ownership is monitored at 86.4%.
Currently, the stock carries a price to earnings ratio of 38.99, a price to book ratio of 9.47, and a price to sales ratio of 3.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The average volume stands around 2.31 million shares. The 4-week change in the price of the stock is -3.43% and the stock has fallen -6.19% in the past 1 week. The disclosure for this sale can be found here. The firm lowered its rating on VFC from Buy to Hold.
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In addition to Buckingham Research reporting it’s price target, a total of 25 equity analysts have issued a ratings update on the company. There was another key note issued by Brean Capital on Friday July 15, 2016. Below is a list of VF Corp (NYSE:VFC) latest ratings and price target changes. The consensus target is $68.38 with eight analysts rating the company a strong buy, 11 firms rating the company a buy, five analysts rating the stock a hold, one brokerage rating the stock to underperform, and lastly 0 firms rating the stock as sell. The company, which is now trading at $38.56, has been assigned an average target price of $49.63. V.F. Corporation has dropped 3.03% during the last 3-month period. The Company’s divisions include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. The Company owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories.
