VF Corp (VFC) is Initiated by Susquehanna to Neutral

VF Corp (VFC) was Initiated by Susquehanna to “Neutral”. Susquehanna advised their investors in a research report released on Sep 16, 2016.

Many Wall Street Analysts have commented on VF Corp. BofA/Merrill Downgraded VF Corp on Sep 15, 2016 to ” Underperform”, Price Target of the shares are set at $54.VF Corp was Resumed by Wells Fargo to “Market Perform” on Sep 12, 2016. VF Corp was Downgraded by Buckingham Research to ” Neutral” on Sep 2, 2016.

On the company’s financial health, VF Corp reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.34. The company had revenue of $2445.30 million for the quarter, compared to analysts expectations of $2526.79 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

VF Corp closed down -0.44 points or -0.75% at $58.04 with 2,987,847 shares getting traded on Wednesday. Post opening the session at $58.67, the shares hit an intraday low of $57.75 and an intraday high of $58.71 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Aug 22, 2016, Eric C Wiseman (Chairman & CEO) sold 264,816 shares at $64.41 per share price. According to the SEC, on Mar 3, 2016, Steven E Rendle (President & COO) sold 53,800 shares at $66.13 per share price. On Mar 2, 2016, Scott A. Roe (VP & CFO) sold 6,512 shares at $65.48 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s brands primarily include The North Face Vans Timberland Wrangler Lee and Nautica. The Company’s 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 Company’s brands sell products in international markets through licensees distributors and independently-operated partnership stores.

VF Corp

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