Bullish Double Top Chart Pattern Is Formed By V.F. Corporation (VFC) at $81.94

June 29, 2018 - By Alberto Lyles

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

During 2018 Q1 the big money sentiment decreased to 0.85. That’s change of 0.16, from 2017Q4’s 1.01. 53 investors sold all, 283 reduced holdings as V.F. Corporation ratio is negative. 198 increased positions while 89 funds acquired positions. Funds hold 383.50 million shares thus 2.22% less from 2017Q4’s 392.21 million shares.
North Star Invest Management invested in 156 shs or 0% of the stock. Hamilton Point Inv Advsrs Ltd Liability invested in 0.65% or 17,406 shs. Sabal Trust has 0.05% invested in V.F. Corporation (NYSE:VFC). 2,700 were reported by Weik Management. Orrstown Finance Svcs Inc invested in 0.17% or 1,952 shs. Robeco Institutional Asset Bv invested 0.08% in V.F. Corporation (NYSE:VFC). Franklin Resource accumulated 0.01% or 352,514 shs. Ogorek Anthony Joseph Ny Adv owns 127 shs. Westpac stated it has 108,633 shs or 0% of all its holdings. Horan Cap Limited Company, Ohio-based fund reported 3,722 shs. Jacobs Levy Equity Mngmt Inc holds 0.03% or 20,930 shs in its capital. Fred Alger Mngmt Incorporated holds 0% or 1,058 shs in its capital. Investec Asset Mgmt North America holds 1.52% or 269,748 shs. Buckingham Asset Mngmt Ltd Liability Company stated it has 0.05% in V.F. Corporation (NYSE:VFC). Guinness Atkinson Asset accumulated 0.18% or 4,080 shs.

V.F. Corporation registered $17.95 million net activity with 0 buys and 6 insider sales since May 14, 2018. $2.02M worth of V.F. Corporation (NYSE:VFC) was sold by CHUGG JULIANA L on Wednesday, May 16. The insider Baxter Scott H sold $5.53 million. Another trade for 15,000 shs valued at $1.16M was sold by BAILEY KEVIN. On Friday, May 18 20,096 shs were sold by Roe Scott A., worth $1.60M. Another trade for 20,096 shs valued at $1.69 million was made by Scabbia Guerrini Martino on Tuesday, June 12.

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.

Ticker’s shares touched $81.94 during the last trading session after 0.43% 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.

V.F. Corporation (NYSE:VFC) is awaited to reveal earnings on July, 23., RTT reports. Analysts have anticipation on stock’s EPS of $0.32. That’s up 10.34 % from last year’s $0.29 EPS. This could hit $126.23 million profit for VFC assuming the current $0.32 EPS will become reality. Wall Street forecasts -52.24 % negative EPS growth as of July, 23.

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. The stock rating was maintained by Piper Jaffray with “Hold” on Friday, January 26. In Friday, February 2 report Barclays Capital initiated the stock with “Buy” rating. On Tuesday, May 8 the company was maintained by Buckingham Research. The company rating was maintained by Cowen & Co on Monday, February 5. On Monday, April 30 the firm earned “Buy” rating by Canaccord Genuity. The stock rating was maintained by Piper Jaffray with “Buy” on Friday, February 16. On Monday, February 5 the firm has “Overweight” rating given by PiperJaffray. On Tuesday, February 20 the stock has “Neutral” rating by JP Morgan. On Monday, February 12 the stock has “Buy” rating by Stifel Nicolaus. On Monday, January 29 the rating was maintained by Canaccord Genuity with “Buy”.

A couple more V.F. Corporation (NYSE:VFC) news were brought out by: Investorplace.com which released on June 28, 2018 “7 Stocks to Buy That Aren’t in the Dow But Should Be”, also Seekingalpha.com on June 22, 2018 brought out “Sell Kraft-Heinz At $64-65 – Cramer’s Lightning Round (6/21/18)”, the next Benzinga.com is “Goldman Sachs Bullish On Tapestry, VF Corp, Tiffany; Says Sell PVH” on June 26, 2018. Finance.Yahoo.com has article titled “Should You Buy VF. Corporation (NYSE:VFC) At $82.96?”.

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

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