V.F. (VFC) Forms $82.06 Double Top; Qs Investors Decreased Its Iamgold (IAG) Position

IAMGOLD Corporation (NYSE:IAG) Logo

V.F. Corporation (VFC) formed double top with $89.45 target or 9.00% above today’s $82.06 share price. V.F. Corporation (VFC) has $32.37B valuation. The stock increased 0.58% or $0.47 during the last trading session, reaching $82.06. About 290,080 shares traded. V.F. Corporation (NYSE:VFC) has risen 53.64% since June 29, 2017 and is uptrending. It has outperformed by 41.07% the S&P500. Some Historical VFC News: 04/05/2018 – VF CORP VFC.N FY2019 SHR VIEW $3.48, REV VIEW $13.30 BLN — THOMSON REUTERS l/B/E/S; 30/04/2018 – VF COMPLETES SALE OF NAUTICA BRAND TO AUTHENTIC BRANDS GROUP,; 28/03/2018 – VF Corp Appoints Steve Murray as Vice Pres, Strategic Projects; 16/04/2018 – lululemon athletica Names Patrick Guido Chief Financial Officer; 04/05/2018 – VF CORP QTRLY TOTAL REVENUES $3.05 BLN VS $2.50 BLN; 19/03/2018 – Large retailers urge Trump against China tariffs; 12/03/2018 – VF UKRAINE SECURES 4G LICENSE IN 1800 MHZ; 04/05/2018 – VF CORP VFC.N QUARTERLY ADJUSTED SHR $0.67 INCLUDING ITEMS; 23/04/2018 – Vans Opens Public Vote For The Ninth Annual Custom Culture Competition; 04/05/2018 – VF TRANSITION PERIOD REV. CONT OPS $3.0B

Qs Investors Llc decreased Iamgold Corp (IAG) stake by 19.29% reported in 2018Q1 SEC filing. Qs Investors Llc sold 127,600 shares as Iamgold Corp (IAG)’s stock rose 14.92%. The Qs Investors Llc holds 533,735 shares with $2.77 million value, down from 661,335 last quarter. Iamgold Corp now has $2.79 billion valuation. The stock increased 2.11% or $0.12 during the last trading session, reaching $5.82. About 660,942 shares traded. IAMGOLD Corporation (NYSE:IAG) has risen 43.12% since June 29, 2017 and is uptrending. It has outperformed by 30.55% the S&P500. Some Historical IAG News: 07/05/2018 – IAMGOLD KEEPS ANNUAL PRODUCTION & COST GUIDANCE UNCHANGED; 21/03/2018 – IAMGOLD CUT TOLIMA GOLD STAKE TO 8.42% FROM 10.85%; 07/05/2018 – IAMGOLD 1Q EPS 9c; 07/05/2018 – Iamgold 1Q Adj EPS 9c; 21/03/2018 – IAMGOLD PROVIDES UPDATE ON HOLDINGS IN TOLIMA GOLD INC; 28/03/2018 – Quinto Resources reports initial mineral resource estimate from IAMGOLD on Monster Lake project; 25/04/2018 – IAMGOLD MAKES STRATEGIC INVESTMENT IN TRADEWIND BLOCKCHAIN; 07/05/2018 – IAMGOLD CORP – PRODUCTION AND COST GUIDANCE FOR 2018 MAINTAINED; 25/04/2018 – IAMGOLD TO COLLABORATE WITH TRADEWIND TO BOOST UTILITY OF GOLD; 28/03/2018 – IAMGOLD Reports Initial Mineral Resource Estimate for the Monster Lake Project

Another recent and important IAMGOLD Corporation (NYSE:IAG) news was published by Seekingalpha.com which published an article titled: “Iamgold: Solid As Gold” on June 29, 2018.

Among 4 analysts covering IAMGOLD Corp (NYSE:IAG), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. IAMGOLD Corp had 4 analyst reports since January 17, 2018 according to SRatingsIntel. The company was downgraded on Thursday, June 7 by Desjardins Securities. The rating was upgraded by Bank of America to “Buy” on Friday, April 13. On Wednesday, January 17 the stock rating was upgraded by Canaccord Genuity to “Buy”. BMO Capital Markets downgraded the shares of IAG in report on Friday, February 16 to “Hold” rating.

Qs Investors Llc increased Xcel Energy Inc (NYSE:XEL) stake by 80,311 shares to 323,434 valued at $14.71M in 2018Q1. It also upped United Parcel Service Inc (NYSE:UPS) stake by 36,461 shares and now owns 147,528 shares. Church & Dwight Inc (NYSE:CHD) was raised too.

Analysts await IAMGOLD Corporation (NYSE:IAG) to report earnings on August, 8. They expect $0.03 EPS, up 200.00% or $0.02 from last year’s $0.01 per share. IAG’s profit will be $14.38 million for 48.50 P/E if the $0.03 EPS becomes a reality. After $0.09 actual EPS reported by IAMGOLD Corporation for the previous quarter, Wall Street now forecasts -66.67% negative EPS growth.

Investors sentiment decreased to 0.85 in 2018 Q1. Its down 0.16, from 1.01 in 2017Q4. It is negative, 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. Geode Mngmt Limited Liability Corporation stated it has 0.1% of its portfolio in V.F. Corporation (NYSE:VFC). Hartford Invest Mgmt reported 110,253 shares. Glenmede Trust Na holds 15,109 shares. Nelson Van Denburg And Campbell Wealth Mgmt Gru Ltd Liability Corporation has 13 shares for 0% of their portfolio. Aviance Partners Ltd Limited Liability Company holds 7,803 shares or 0.17% of its portfolio. Blb&B Advsrs Ltd Limited Liability Company holds 29,377 shares or 0.29% of its portfolio. Smith Salley And reported 77,612 shares stake. Hermes Inv Mngmt Ltd accumulated 7,414 shares. Sand Hill Glob Advsr Ltd Liability owns 7,554 shares for 0.54% of their portfolio. Vision Capital stated it has 0.24% of its portfolio in V.F. Corporation (NYSE:VFC). Cincinnati Fincl Corporation reported 3.66% in V.F. Corporation (NYSE:VFC). Mutual Of America Cap Mgmt Limited Com reported 42,096 shares stake. Qci Asset Mngmt has 0.01% invested in V.F. Corporation (NYSE:VFC). Westpac Banking stated it has 108,633 shares or 0% of all its holdings. Mckinley Carter Wealth Ser stated it has 0.27% of its portfolio in V.F. Corporation (NYSE:VFC).

Since May 14, 2018, it had 0 buys, and 6 selling transactions for $17.95 million activity. Another trade for 65,988 shares valued at $5.53M was sold by Baxter Scott H. $1.69M worth of V.F. Corporation (NYSE:VFC) was sold by Scabbia Guerrini Martino on Tuesday, June 12. $1.16M worth of V.F. Corporation (NYSE:VFC) was sold by BAILEY KEVIN. 74,180 shares were sold by Rendle Steven E, worth $5.94M on Friday, May 18. The insider Roe Scott A. sold $1.60M. $2.02M worth of stock was sold by CHUGG JULIANA L on Wednesday, May 16.

Among 15 analysts covering VF Corp (NYSE:VFC), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. VF Corp has $101 highest and $78 lowest target. $84.50’s average target is 2.97% above currents $82.06 stock price. VF Corp had 19 analyst reports since January 8, 2018 according to SRatingsIntel. Piper Jaffray maintained the stock with “Hold” rating in Friday, January 26 report. The firm has “Buy” rating by Guggenheim given on Monday, January 8. The stock of V.F. Corporation (NYSE:VFC) has “Neutral” rating given on Tuesday, February 20 by JP Morgan. The firm has “Buy” rating by Piper Jaffray given on Friday, February 16. The stock of V.F. Corporation (NYSE:VFC) has “Hold” rating given on Monday, February 5 by Cowen & Co. The firm earned “Buy” rating on Monday, April 30 by Canaccord Genuity. The firm earned “Outperform” rating on Monday, May 7 by Robert W. Baird. On Tuesday, February 20 the stock rating was maintained by Barclays Capital with “Overweight”. PiperJaffray upgraded V.F. Corporation (NYSE:VFC) on Monday, February 5 to “Overweight” rating. The rating was upgraded by Stifel Nicolaus on Monday, February 12 to “Buy”.

Analysts await V.F. Corporation (NYSE:VFC) to report earnings on July, 23. They expect $0.32 EPS, up 10.34% or $0.03 from last year’s $0.29 per share. VFC’s profit will be $126.23 million for 64.11 P/E if the $0.32 EPS becomes a reality. After $0.67 actual EPS reported by V.F. Corporation for the previous quarter, Wall Street now forecasts -52.24% negative EPS growth.

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