Morgan Stanley Upgrades VF Corp to Equal-Weight with Price Target $50

Brokerage firm Morgan Stanley Upgrades its rating on VF Corp(VFC). As per the latest information, Morgan Stanley Raises the price target to $50 per share from a prior target of $48. The shares have been rated Equal-Weight. Previously, the analysts had a Underweight rating on the shares. The rating by the stock financial advisor at Morgan Stanley was issued on Feb 22, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 2, 2017, Goldman Sachs said it Downgrades its rating on VF Corp. The shares have been rated ‘Neutral’ by the firm. On Feb 1, 2017, Evercore ISI Group said it Downgrades its rating on VF Corp. The shares have been rated ‘Hold’ by the firm. On Jan 3, 2017, PiperJaffray said it Downgrades its rating on VF Corp. According to the research note, PiperJaffray Lowers the price target to $56 per share from a prior target of $58. The shares have been rated ‘Neutral’ by the firm.

VF Corp (VFC) made into the market gainers list on Wednesdays trading session with the shares advancing 2.06% or 1.08 points. Due to strong positive momentum, the stock ended at $53.5, which is also near the day’s high of $53.94. The stock began the session at $52.9 and the volume stood at 54,79,808 shares. The 52-week high of the shares is $67.1 and the 52 week low is $48.05. The company has a current market capitalization of $22,134 M and it has 41,37,11,260 shares in outstanding.

VF Corp(VFC) last announced its earnings results on Oct 24, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $3.49B. Analysts had an estimated revenue of $3.63B. Earnings per share were $1.20. The reported EPS was above estimates by $0.05 or 4.35%. Analysts had estimated an EPS of $1.15.

Several Insider Transactions has been reported to the SEC. On Aug 22, 2016, Eric C Wiseman (Chairman & CEO) sold 264,816 shares at $64.41 per share price.Also, 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.

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