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Guggenheim Thinks VF’s Stock is Going to Recover

In a report issued on July 28, Robert Drbul from Guggenheim reiterated a Buy rating on VF (VFCResearch Report), with a price target of $60.00. The company’s shares closed last Monday at $45.50, close to its 52-week low of $43.08.

According to TipRanks.com, Drbul is a 5-star analyst with an average return of 7.6% and a 59.9% success rate. Drbul covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Columbia Sportswear, and Lululemon Athletica.

VF has an analyst consensus of Moderate Buy, with a price target consensus of $52.47, implying a 18.0% upside from current levels. In a report issued on July 21, BTIG also maintained a Buy rating on the stock with a $67.00 price target.

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Based on VF’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.26 billion and GAAP net loss of $55.96 million. In comparison, last year the company earned revenue of $2.19 billion and had a net profit of $324 million.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VFC in relation to earlier this year. Most recently, in May 2022, Richard Carucci, a Director at VFC bought 7,636 shares for a total of $287,114.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

V.F. Corporation is one of the world’s largest apparel, footwear, and accessories retailer. The company engages in the design, procurement, production, marketing and distribution of lifestyle apparel, footwear, and accessories for men, women and children. It owns some of the world’s most popular and premium brands including Timberland, North Face, Icebreaker, Vans, Smartwool, Altra, Kipling, Napapijri, JanSport, Eastpak.

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