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In a report released today, Robert Drbul from Guggenheim reiterated a Buy rating on VF Corp (VFC), with a price target of $95. The company’s shares opened today at $85.01.
Drbul said:
“We are updating our model to reflect the KTB spin. We continue to view VFC’s portfolio favorably. We believe VFC’s acute focus on high margin channels including DTC/digital and International position it well to drive long-term, healthy top-line growth in a margin accretive fashion. We believe our favorable outlook on the company warrants a BUY rating and are increasing our PT to $95 (from $90).”
According to TipRanks.com, Drbul is a 5-star analyst with an average return of 10.0% and a 65.4% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Ascena Retail Group, and Ralph Lauren Corp.
VF Corp has an analyst consensus of Moderate Buy, with a price target consensus of $95.29, implying a 12.1% upside from current levels. In a report issued on May 17, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $97 price target.
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VF Corp’s market cap is currently $35.72B and has a P/E ratio of 24.63. The company has a Price to Book ratio of 7.82.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2019, Scott H. Baxter, the VP & Group Pres. of VFC sold 51,911 shares for a total of $4,372,983.
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.
