V.F. Corporation (VFC) : Traders are bullish on V.F. Corporation (VFC) as it has outperformed the S&P 500 by a wide margin of 3.56% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.57%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.53% in the last 1 week, and is up 3.96% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
V.F. Corporation is up 6.16% in the last 3-month period. Year-to-Date the stock performance stands at 5.37%. The stock has recorded a 20-day Moving Average of 3.92% and the 50-Day Moving Average is 3.4%.
V.F. Corporation (NYSE:VFC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $63.96 and $63.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.84, notching a gain of 1.01% for the day. The total traded volume was 1,969,611 . The stock had closed at $64.19 on the previous day.
Also, Brean Capital downgrades their rating on the shares of V.F. Corporation (NYSE:VFC). The current rating of the shares is Buy. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on July 15, 2016.
V.F. Corporation (VF) is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and accessories. The Company operates through five coalitions: Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear and Contemporary Brands. The Company owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories. The Companys brands primarily include The North Face, Vans, Timberland, Wrangler, Lee and Nautica. The Companys products are marketed to consumers shopping in specialty stores, upscale and traditional department stores, national chains, mass merchants and its own direct-to-consumer operations. Its direct-to-consumer business includes VF-operated stores, concession retail stores and e-commerce sites. The Companys brands sell products in international markets through licensees, distributors and independently-operated partnership stores.