V.F. Corporation (VFC) Is Forming Bullish Double Top at $81.94

June 29, 2018 - By Maria Fierro

V.F. Corporation (NYSE:VFC) Corporate Logo

Big Money Sentiment decreased to 0.85 in Q1 2018. It has change of 0.16, from 2017Q4’s 1.01. The ratio turned negative due to V.F. Corporation positioning: 53 sold and 283 reduced. 89 funds bought positions and 198 increased positions. Investors holded 392.21 million in 2017Q4 but now own 383.50 million shares or 2.22% less.
Mason Street Advsr Limited Company accumulated 45,864 shs. 15,109 are owned by Glenmede Trust Na. Johnson Inv Counsel reported 64,151 shs. Korea Inv has invested 0.03% in V.F. Corporation (NYSE:VFC). Godshalk Welsh Cap Management holds 0.64% or 7,950 shs in its capital. Hsbc Holdg Pcl reported 303,985 shs stake. Davenport Communication Ltd Llc invested in 0% or 42,091 shs. Gulf Int Bancorporation (Uk) Ltd owns 104,787 shs for 0.1% of their capital. Mufg Americas reported 29,643 shs or 0.07% of all its holdings. Pnc Financial Ser Grp Incorporated stated it has 10.14% in V.F. Corporation (NYSE:VFC). Focused Wealth invested in 2,150 shs. Perella Weinberg Prtn Cap Mngmt L P holds 7,161 shs. Cincinnati Casualty Company owns 1.27% invested in V.F. Corporation (NYSE:VFC) for 19,125 shs. Amg Natl Financial Bank invested in 1.58 million shs. Fjarde Ap owns 0.11% invested in V.F. Corporation (NYSE:VFC) for 94,778 shs.

V.F. Corporation had 6 sales and 0 insider buys since May 14, 2018. This’s net activity of $17.95 million. Another trade for 20,096 shs valued at $1.60 million was made by Roe Scott A. on Friday, May 18. On Monday, May 14 Shares for $1.16M were sold by BAILEY KEVIN. On Tuesday, June 12 Shares for $1.69M were sold by Scabbia Guerrini Martino. On Friday, May 18 74,180 shs were sold by Rendle Steven E, worth $5.94M. On Thursday, June 14 Baxter Scott H sold $5.53 million worth of V.F. Corporation (NYSE:VFC).

V.F. Corporation (VFC) chart forms a double top chart pattern with $85.22 price target. That’s 4.00 % above today’s $81.94 share price. $32.32 billion market cap has the stock. On Jun, 29 this chart pattern was announced by Finviz.com. At $85.22 price target, the company’s valuation could be $1.29 billion more.

VFC reached $81.94 during the last trading session after $0.35 change.V.F. Corporation has volume of 444,799 shares. Since June 29, 2017 VFC has risen 53.64% and is uptrending. VFC outperformed by 41.07% the S&P 500.

On July, 23. Investors expect V.F. Corporation (NYSE:VFC) to publish its quarterly earnings, as reported by Faxor. The EPS diference is $0.03 or 10.34 % up from last years number. Previous year: $0.29; Analysts forcast: $0.32. If VFC’s EPS is $0.32 the profit will be $126.23M for 64.02 P/E. After $0.67 EPS report previous quarter, Wall Street now forecasts -52.24 % negative EPS growth of V.F. Corporation.

V.F. Corporation (NYSE:VFC) Ratings Coverage

A total of 15 analysts rate VF Corp (NYSE:VFC) as follows: 10 “Buy”, 5 “Hold” and 0 “Sell”. Тherefore 67% are bullish. (NYSE:VFC) has 19 ratings reports on Jun 29, 2018 according to StockzIntelligence. On Monday, February 5 the stock has “Overweight” rating by PiperJaffray. On Tuesday, February 20 JP Morgan maintained V.F. Corporation (NYSE:VFC) rating. JP Morgan has “Neutral” rating and $78 target. On Monday, April 30 the stock has “Buy” rating by Canaccord Genuity. On Friday, February 2 the firm has “Buy” rating by Barclays Capital given. The stock rating was maintained by Canaccord Genuity with “Buy” on Monday, January 29. On Friday, January 26 the stock has “Hold” rating by Piper Jaffray. The stock rating was maintained by Buckingham Research with “Neutral” on Tuesday, May 8. The stock rating was maintained by Guggenheim with “Buy” on Monday, January 8. The stock rating was maintained by Barclays Capital with “Overweight” on Tuesday, February 20. The company rating was maintained by Robert W. Baird on Monday, May 7.

A couple more V.F. Corporation (NYSE:VFC) news were released by: Seekingalpha.com which released on June 22, 2018 “Sell Kraft-Heinz At $64-65 – Cramer’s Lightning Round (6/21/18)”, also Benzinga.com on June 26, 2018 released “Goldman Sachs Bullish On Tapestry, VF Corp, Tiffany; Says Sell PVH”, the next Finance.Yahoo.com is “Should You Buy VF. Corporation (NYSE:VFC) At $82.96?” on June 06, 2018. Investorplace.com has article titled “7 Stocks to Buy That Aren’t in the Dow But Should Be”.

V.F. Corporation (NYSE:VFC) Institutional Investors Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.