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VF Corp (VFC) Gets a Buy Rating from Susquehanna


Susquehanna analyst Sam Poser reiterated a Buy rating on VF Corp (NYSE: VFC) yesterday and set a price target of $108. The company’s shares closed yesterday at $89.65.

According to TipRanks.com, Poser is a 5-star analyst with an average return of 9.3% and a 58.6% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Steven Madden.

Currently, the analyst consensus on VF Corp is a Strong Buy with an average price target of $100.73, implying a 12.4% upside from current levels. In a report released yesterday, 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 $116 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.

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.