VF (VFC) Coverage Initiated at Goldman Sachs Group

Goldman Sachs Group assumed coverage on shares of VF (NYSE:VFC) in a report published on Monday, MarketBeat reports. The brokerage issued a buy rating and a $96.00 price target on the textile maker’s stock.

A number of other equities analysts have also recently weighed in on the company. UBS Group assumed coverage on VF in a report on Thursday, June 21st. They issued a neutral rating and a $89.00 price target for the company. Argus assumed coverage on VF in a report on Monday, May 21st. They issued a buy rating and a $101.00 price target for the company. Canaccord Genuity set a $91.00 price target on VF and gave the stock a buy rating in a report on Tuesday, May 8th. Buckingham Research upped their price target on VF to $77.00 and gave the stock a neutral rating in a report on Tuesday, May 8th. Finally, TheStreet raised VF from a c+ rating to a b+ rating in a report on Friday, May 4th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $81.23.

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NYSE VFC opened at $81.18 on Monday. The stock has a market capitalization of $32.22 billion, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 2.31 and a beta of 0.90. VF has a twelve month low of $55.51 and a twelve month high of $85.15. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 0.60.

VF (NYSE:VFC) last released its quarterly earnings results on Friday, May 4th. The textile maker reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.91 billion. VF had a return on equity of 34.05% and a net margin of 5.24%. VF’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. equities research analysts expect that VF will post 3.53 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 18th. Investors of record on Friday, June 8th were issued a $0.46 dividend. The ex-dividend date was Thursday, June 7th. This represents a $1.84 annualized dividend and a dividend yield of 2.27%. VF’s dividend payout ratio is presently 61.74%.

In related news, Chairman Steven E. Rendle sold 74,180 shares of the stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $80.12, for a total value of $5,943,301.60. Following the completion of the sale, the chairman now owns 257,070 shares of the company’s stock, valued at $20,596,448.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Kevin Bailey sold 15,000 shares of the stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $77.42, for a total value of $1,161,300.00. Following the completion of the sale, the vice president now directly owns 54,571 shares of the company’s stock, valued at approximately $4,224,886.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 220,900 shares of company stock valued at $17,948,688. Insiders own 1.72% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of VF by 3.2% in the first quarter. BlackRock Inc. now owns 22,590,912 shares of the textile maker’s stock valued at $1,674,438,000 after purchasing an additional 699,045 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of VF by 1.6% in the first quarter. Wells Fargo & Company MN now owns 9,138,244 shares of the textile maker’s stock valued at $677,327,000 after purchasing an additional 143,454 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of VF by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 3,817,062 shares of the textile maker’s stock valued at $281,921,000 after purchasing an additional 172,234 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of VF by 23.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,153,080 shares of the textile maker’s stock valued at $159,587,000 after purchasing an additional 408,132 shares during the last quarter. Finally, King Luther Capital Management Corp increased its holdings in shares of VF by 18.2% in the first quarter. King Luther Capital Management Corp now owns 1,648,360 shares of the textile maker’s stock valued at $122,176,000 after purchasing an additional 254,150 shares during the last quarter.

About VF

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.

Everbridge Inc (EVBG) CEO & Chairman Jaime Wallace Ellertson Sold $18.9 million of Shares

CEO & Chairman of Everbridge Inc (NASDAQ:EVBG) Jaime Wallace Ellertson sold 381,607 shares of EVBG on 06/22/2018 at an average price of $49.55 a share. The total sale was $18.9 million.

CEO Recent Trades:

CEO & Chairman Jaime Wallace Ellertson sold 381,607 shares of EVBG stock on 06/22/2018 at the average price of $49.55. The price of the stock has decreased by 4.44% since.CEO & Chairman Jaime Wallace Ellertson sold 219,349 shares of EVBG stock on 06/19/2018 at the average price of $51.33. The price of the stock has decreased by 7.75% since.

CFO Recent Trades:

SVP, CFO and Treasurer Kenneth S Goldman sold 9,500 shares of EVBG stock on 06/18/2018 at the average price of $51.29. The price of the stock has decreased by 7.68% since.

Directors and Officers Recent Trades:

SVP & Chief Technology Officer Imad Mouline sold 3,362 shares of EVBG stock on 06/18/2018 at the average price of $51.29. The price of the stock has decreased by 7.68% since.President Robert W Hughes sold 5,784 shares of EVBG stock on 06/11/2018 at the average price of $47.7. The price of the stock has decreased by 0.73% since.SVP & General Counsel Elliot J. Mark sold 1,000 shares of EVBG stock on 06/01/2018 at the average price of $46.04. The price of the stock has increased by 2.85% since.SVP & Chief Technology Officer Imad Mouline sold 1,974 shares of EVBG stock on 06/01/2018 at the average price of $46.11. The price of the stock has increased by 2.69% since.SVP & Chief Technology Officer Imad Mouline sold 3,000 shares of EVBG stock on 06/01/2018 at the average price of $46.11. The price of the stock has increased by 2.69% since.

For the complete insider trading history of EVBG, click here

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Trade Saga Unknowns Seen Bringing More Pain for China Investors

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A bad year for Chinese stocks looks set to worsen as the trade dispute between Beijing and Washington squeezes a market that’s just fallen below a key support level for the first time in two years.

Analysts said uncertainty over how the U.S.-China disagreement pans out will continue to weigh on investor sentiment, with one saying further escalation could be like a Cold War. Shanghai’s benchmark index extended a two-year low Wednesday, despite government attempts to reassure the market.

Here are some views of analysts and fund managers:

Sun Jianbo, president of China Vision Capital Management in Beijing:

The market is yet to bottom out as possible twists and turns in U.S.-China trade talks will continue to weigh on sentimentSome big caps are still at relatively high levels and may face selling pressureStock declines would prompt investors to cut leverage, leading to further losses -- a vicious cycle

Dai Ming, fund manager at Hengsheng Asset Management:

Don’t see a bottom yet. There were a lot of margin calls on Tuesday and more are looming that will accelerate the drop. Management in more than 90% of companies on ChiNext and 50% on main board have pledged shares Escalation in trade tension as well as disappointing May economic data surprised investors and has added to pessimismHard to gauge the impact of a full-blown trade war on China’s economy, but if the tariff list expands from finance and technology it’s very scary. This is like a Cold War Yi Gang’s comments signaled the government doesn’t see systemic risk in the stock market. Investors may interpret this as meaning the national team is in no rush to step in until there’s a crash like in 2015  

QuickTake: Can Trump Win a China Trade War? We May Soon Find Out

Wu Kan, fund manager with Shanshan Finance in Shanghai:

The double whammy of domestic and external risks is hitting market confidence. Risk appetite has dropped sharply, as investors worry about more unexpected developments in U.S.-China trade talksInvestors are also increasingly concerned about possible “landmines” on the mainland market as some shareholders may face forced liquidation of stocks they pledged or margin calls as markets declineThe downtrend is unlikely to reverse soon, unless China tunes its financial deleveraging policies or the trade situation stabilizes

Read: China at Risk of Losing Title of World’s Number Two Stock Market

Howard Wang, head of Greater China equities, JPMorgan Asset Management:

While the correction was sharp -– and as with all corrections, unpleasant -– we are continuing with portfolio strategies focused on secular growth in China Best to take longer-term view on fundamentals and valuation levels rather than what happened today or what will happen over the next few weeksGiven the merits of the global trading system and the problems associated with a re-mapping of supply chains, we expect a negotiated solution rather than a continuation of tariffs between the U.S. and its major trading partners

Banny Lam, head of research at CEB International Investment:

With Wednesday’s stronger-than-expected yuan fixing, China is trying to tell the market the yuan won’t weaken further and it’s not going to devalue the currency to fight the trade warTrade concerns will hurt market sentiment in the third quarter. A potential trade war would pressure the economy in the fourth quarterThe yuan will keep being pressured along the way, and the central bank will step in from time to time to rein in depreciation expectations

More: China Moves to Slow Currency Drop After Fastest Loss Since 2015

Ken Cheung, a senior currency strategist at Mizuho Bank in Hong Kong:

The PBOC is probably attempting to use the stronger-than-expected fixing to avoid a simultaneous selloff in the yuan and China equitiesStabilizing sentiment is the central bank’s primary task at the momentTrade tension and weakening growth momentum will keep the yuan under pressure in the near term, in a trading range between 6.45 and 6.50 per dollar

— With assistance by Amanda Wang, Tian Chen, Jeanny Yu, Abhishek Vishnoi, Emma Dai, and Sofia Horta e Costa