After Susquehanna and Guggenheim gave VF Corp (NYSE: VFC) a Buy rating last month, the company received another Buy, this time from Merrill Lynch. Analyst Robert Ohmes maintained a Buy rating on VF Corp today and set a price target of $105. The company’s shares opened today at $90.09.
Ohmes has an average return of 8.8% when recommending VF Corp.
According to TipRanks.com, Ohmes is ranked #2479 out of 4872 analysts.
Currently, the analyst consensus on VF Corp is a Strong Buy with an average price target of $100.73, implying an 11.8% 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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VF Corp’s market cap is currently $35.46B and has a P/E ratio of 59.84. The company has a Price to Book ratio of 9.50.
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.