Is Buying V.F. Corporation (NYSE:VFC), Having Lower Short Interest a Winning Strategy?

June 14, 2018 - By Michael Lara

V.F. Corporation (NYSE:VFC) Logo

Investors sentiment decreased to 0.85 in Q1 2018. Its down 0.16, from 1.01 in 2017Q4. It worsened, as 53 investors sold V.F. Corporation shares while 283 reduced holdings. 89 funds opened positions while 198 raised stakes. 383.50 million shares or 2.22% less from 392.21 million shares in 2017Q4 were reported.
Toth Fincl Advisory holds 2,064 shares or 0.04% of its portfolio. Moreover, Comerica State Bank has 0.1% invested in V.F. Corporation (NYSE:VFC). Checchi Advisers Ltd Co has invested 0.04% in V.F. Corporation (NYSE:VFC). 106,997 were reported by Arizona State Retirement System. Jacobs Levy Equity Mgmt holds 0.03% or 20,930 shares. Dnb Asset Management As invested in 39,016 shares. Moreover, Old Mutual Global (Uk) has 0.1% invested in V.F. Corporation (NYSE:VFC). Buckingham Asset Lc stated it has 0.05% of its portfolio in V.F. Corporation (NYSE:VFC). Oppenheimer Asset Mngmt Inc, a New York-based fund reported 55,586 shares. Massachusetts Serv Ma accumulated 2.24 million shares or 0.07% of the stock. Private Na holds 6,386 shares. Tocqueville Asset Limited Partnership holds 3,095 shares. Orrstown Fincl reported 0.17% stake. Sun Life invested 0% of its portfolio in V.F. Corporation (NYSE:VFC). Eastern Bancshares accumulated 4,783 shares or 0.02% of the stock.

Since May 14, 2018, it had 0 insider purchases, and 4 sales for $10.73 million activity. CHUGG JULIANA L also sold $2.02 million worth of V.F. Corporation (NYSE:VFC) shares. $5.94 million worth of V.F. Corporation (NYSE:VFC) shares were sold by Rendle Steven E. 15,000 shares were sold by BAILEY KEVIN, worth $1.16M.

The stock of V.F. Corporation (NYSE:VFC) registered a decrease of 2.43% in short interest. VFC’s total short interest was 8.36M shares in June as published by FINRA. Its down 2.43% from 8.57 million shares, reported previously. With 1.85M shares average volume, it will take short sellers 5 days to cover their VFC’s short positions. The short interest to V.F. Corporation’s float is 2.13%.

The stock decreased 0.96% or $0.81 during the last trading session, reaching $83.66. About 1.85 million shares traded. V.F. Corporation (NYSE:VFC) has risen 53.64% since June 14, 2017 and is uptrending. It has outperformed by 41.07% the S&P500.

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products in the Americas, Europe, and the Asia Pacific. The company has market cap of $33.00 billion. It operates through four divisions: Outdoor & Action Sports, Jeanswear, Imagewear, and Sportswear. It has a 50.64 P/E ratio. The firm offers outdoor apparel, youth culture/action sports-inspired footwear, footwear and equipment, handbags, luggage, backpacks, totes, accessories, backpacks, surfing-inspired footwear, merino wool socks, womenÂ’s activewear, and travel accessories under The North Face, Vans, Timberland, Kipling, Napapijri, JanSport, Reef, Smartwool, Eastpak, lucy, and Eagle Creek brands.

V.F. Corporation (NYSE:VFC) Ratings Coverage

Among 13 analysts covering VF Corp (NYSE:VFC), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. VF Corp had 18 analyst reports since December 15, 2017 according to SRatingsIntel. The stock of V.F. Corporation (NYSE:VFC) has “Outperform” rating given on Monday, May 7 by Robert W. Baird. The stock of V.F. Corporation (NYSE:VFC) earned “Buy” rating by Guggenheim on Monday, January 8. The rating was initiated by Barclays Capital on Friday, February 2 with “Buy”. The stock has “Hold” rating by Cowen & Co on Monday, February 5. JP Morgan maintained V.F. Corporation (NYSE:VFC) rating on Tuesday, February 20. JP Morgan has “Neutral” rating and $78 target. The company was maintained on Friday, January 26 by Piper Jaffray. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, December 15 report. The stock of V.F. Corporation (NYSE:VFC) earned “Buy” rating by Stifel Nicolaus on Monday, February 12. As per Monday, April 30, the company rating was maintained by Canaccord Genuity. Buckingham Research maintained V.F. Corporation (NYSE:VFC) on Tuesday, May 8 with “Neutral” rating.

Another recent and important V.F. Corporation (NYSE:VFC) news was published by which published an article titled: “Should You Buy VF. Corporation (NYSE:VFC) At $82.96?” on June 06, 2018.

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

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