Susquehanna analyst Sam Poser maintained a Buy rating on VF (VFC) yesterday and set a price target of $105.00. The company’s shares closed last Monday at $82.97.
According to TipRanks.com, Poser is a 4-star analyst with an average return of 3.0% and a 53.9% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings, Wolverine World Wide, and Lululemon Athletica.
Currently, the analyst consensus on VF is a Moderate Buy with an average price target of $100.30, which is a 19.2% upside from current levels. In a report issued on January 21, Credit Suisse also maintained a Buy rating on the stock with a $116.00 price target.
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Based on VF’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $465 million. In comparison, last year the company had a net profit of $464 million.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VFC in relation to earlier this year. Most recently, in December 2019, Clarence Otis, a Director at VFC sold 16,930 shares for a total of $1,543,000.
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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, Active, Work and Jeans. The Outdoor segment refers to outdoor and activity-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.
