VF Corp (VFC) Gets a Buy Rating from Guggenheim


In a report released today, Robert Drbul from Guggenheim maintained a Buy rating on VF Corp (VFC), with a price target of $90. The company’s shares opened today at $82.22.

Drbul wrote:

“We continue to view VFC’s strong portfolio of global brands favorably and given the solid results and momentum in the business, we are raising our price target to $90 from $85. We are BUY- rated as we believe VFC is well-positioned for L-T, margin accretive share gains, globally. Total revenue increased 8% (+10% in +9% organic in $3.94bn vs. our $3.88bn estimate. The strong result was driven by strength in the important and higher margin +20% organic CC) segments. VFC continues to appropriately manage consumer demand around its strongest brands and we believe the company has significant runway, globally, to increase share.”

According to TipRanks.com, Drbul is a 5-star analyst with an average return of 9.5% and a 62.7% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Capri Holdings Limited, and Ascena Retail Group.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for VF Corp with a $93.47 average price target, a 13.7% upside from current levels. In a report released yesterday, Cowen & Co. also maintained a Buy rating on the stock with a $95 price target.

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Based on VF Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $507 million. In comparison, last year the company had a GAAP net loss of $90.27 million.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VFC in relation to earlier this year.

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.

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