V.F. Corporation (VFC) Forms Bullish Double Top at $81.94

June 29, 2018 - By Nellie Deboer

V.F. Corporation (NYSE:VFC) Corporate Logo

During 2018 Q1 the big money sentiment decreased to 0.85. That’s change of 0.16, from 2017Q4’s 1.01. 53 investors sold all, 283 reduced holdings as V.F. Corporation ratio fall. 198 rose stakes while 89 funds bought stakes. Funds hold 383.50 million shares thus 2.22% less from 2017Q4’s 392.21 million shares.
Orrstown Financial Services Incorporated, a Pennsylvania-based fund reported 1,952 shs. Cetera Advsrs Ltd Liability holds 0.01% of its capital in V.F. Corporation (NYSE:VFC) for 3,048 shs. Gulf Int National Bank (Uk) holds 0.1% or 104,787 shs. Moreover, Sand Hill Global Advisors Llc has 0.54% invested in V.F. Corporation (NYSE:VFC). Sequoia Advsr Ltd Limited Liability Company stated it has 0.02% in V.F. Corporation (NYSE:VFC). Endurance Wealth Mgmt holds 0% or 60 shs. Oak Ridge Ltd Liability invested 0.64% of its capital in V.F. Corporation (NYSE:VFC). Qs Investors Ltd Liability reported 0% stake. Earnest Prtnrs Lc reported 183 shs. Oregon Public Employees Retirement Fund reported 0.1% stake. 106,997 were accumulated by Arizona State Retirement Systems. Wilbanks Smith & Thomas Asset Mngmt Ltd Liability holds 2,770 shs or 0.02% of its capital. Parametric Portfolio Associate Ltd Llc invested 0.08% of its capital in V.F. Corporation (NYSE:VFC). Rockland Trust Company has 0.05% invested in V.F. Corporation (NYSE:VFC). Nuveen Asset Management Lc holds 153,712 shs.

V.F. Corporation had 6 sales and 0 buys since May 14, 2018. This’s net activity of $17.95 million. 25,540 shs were sold by CHUGG JULIANA L, worth $2.02M on Wednesday, May 16. Rendle Steven E had sold 74,180 shs worth $5.94M on Friday, May 18. Baxter Scott H had sold 65,988 shs worth $5.53 million. Shares for $1.60 million were sold by Roe Scott A.. BAILEY KEVIN sold $1.16M worth of stock.

V.F. Corporation (VFC) chart forms a double top chart pattern with $85.22 price target. That’s 4.00 % above today’s $81.94 share price. $32.32 billion market cap has the stock. On Jun, 29 this chart pattern was announced by Finviz.com. At $85.22 price target, the company’s valuation could be $1.29 billion more.

VFC is touching $81.94 during the last trading session, after increased 0.43%.V.F. Corporation has volume of 444,799 shares. Since June 29, 2017 VFC has risen 53.64% and is uptrending. VFC outperformed by 41.07% the S&P500.

On July, 23. Investors expect V.F. Corporation (NYSE:VFC) to report its quarterly earnings, as reported by RTT. The earnings per share diference is $0.03 or 10.34 % up from last years number. Previous year: $0.29; Analysts forcast: $0.32. VFC’s profit could reach $126.23 million if the current earnings per share of $0.32 is accurate. -52.24 % negative EPS growth is what Wall Street’s sees after $0.67 reported EPS previous quarter.

V.F. Corporation (NYSE:VFC) Ratings Coverage

Total analysts of 15 have positions in VF Corp (NYSE:VFC) as follows: 10 rated it a “Buy”, 0 with “Sell” and 5 with “Hold”. The positive are 67%. Since January 8, 2018 according to StockzIntelligence Inc VF Corp has 19 analyst reports. On Monday, January 29 Canaccord Genuity maintained the shares of VFC in report with “Buy” rating. The company rating was maintained by Buckingham Research on Tuesday, May 8. In Monday, February 5 report Cowen & Co maintained the stock with “Hold” rating. On Monday, February 12 the firm earned “Buy” rating by Stifel Nicolaus. On Tuesday, February 20 Barclays Capital maintained V.F. Corporation (NYSE:VFC) rating. Barclays Capital has “Overweight” rating and $89 target. On Tuesday, February 20 JP Morgan maintained the shares of VFC in report with “Neutral” rating. In Friday, February 2 report Barclays Capital initiated the stock with “Buy” rating. On Friday, January 26 the rating was maintained by Piper Jaffray with “Hold”. On Friday, February 16 the rating was maintained by Piper Jaffray with “Buy”. The stock rating was upgraded by PiperJaffray to “Overweight” on Monday, February 5.

A couple more V.F. Corporation (NYSE:VFC) news were posted by: Seekingalpha.com which released on June 22, 2018 “Sell Kraft-Heinz At $64-65 – Cramer’s Lightning Round (6/21/18)”, also Investorplace.com on June 28, 2018 posted “7 Stocks to Buy That Aren’t in the Dow But Should Be”, the next Benzinga.com is “Goldman Sachs Bullish On Tapestry, VF Corp, Tiffany; Says Sell PVH” on June 26, 2018. Finance.Yahoo.com has article titled “Should You Buy VF. Corporation (NYSE:VFC) At $82.96?”.

V.F. Corporation (NYSE:VFC) Institutional Investors Chart

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