Susquehanna analyst Sam Poser maintained a Buy rating on VF Corp (NYSE: VFC) today and set a price target of $90. The company’s shares closed on Friday at $84.84, close to its 52-week high of $86.
According to TipRanks.com, Poser is a 5-star analyst with an average return of 8.9% and a 58.9% 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 Moderate Buy analyst consensus rating for VF Corp with a $92.27 average price target, implying an 8.8% upside from current levels. In a report issued on July 10, Canaccord Genuity also reiterated a Buy rating on the stock with a $92 price target.
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Based on VF Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $271 million. In comparison, last year the company had a net profit of $116 million.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. Last month, Scott H. Baxter, the VP & Group Pres. of VFC sold 65,988 shares for a total of $5,533,094.
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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.
