Susquehanna analyst Sam Poser reiterated a Buy rating on VF Corp (NYSE: VFC) today and set a price target of $108. The company’s shares opened today at $92.58, close to its 52-week high of $97.
According to TipRanks.com, Poser is a 5-star analyst with an average return of 8.9% and a 57.3% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Steven Madden.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for VF Corp with a $103.29 average price target, implying an 11.6% upside from current levels. In a report issued on September 12, Guggenheim also maintained a Buy rating on the stock with a $105 price target.
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Based on VF Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $160 million. In comparison, last year the company had a net profit of $110 million.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. Last month, Scott Roe, the VP & CFO of VFC sold 29,544 shares for a total of $2,740,797.
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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.
