The price of V.F. Corporation (NYSE:VFC) shares last traded on Wall Street rose 0.10% to $19.61.
Based on available information, 23 analysts follow V.F. Corporation (NYSE:VFC). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $38.00 and a low of $18.00, we find $24.40. Given the previous closing price of $19.59, this indicates a potential upside of 24.55 percent. VFC stock price is now -6.92% away from the 50-day moving average and -29.92% away from the 200-day moving average. The market capitalization of the company currently stands at $7.16B.
Among analysts, 12 rate the stock a hold while 8 rate it a buy. Brokers who have rated the stock have averaged $24.60 as their price target over the next twelve months.
With the price target enhanced from $18 to $22, Wells Fargo Upgraded its rating from Underweight to Equal Weight for V.F. Corporation (NYSE: VFC).
In other news, Roberts Carol L, Director bought 7,109 shares of the company’s stock on Mar 15. The stock was bought for $149,786 at an average price of $21.07. Upon completion of the transaction, the Director now directly owns 7,109 shares in the company, valued at $0.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13, Director CHUGG JULIANA L bought 15,000 shares of the business’s stock. A total of $400,305 was incurred on buying the stock at an average price of $26.69. This leaves the insider owning 15,000 shares of the company worth $0.29 million. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VFC stock. A new stake in V.F. Corporation shares was purchased by MASSACHUSETTS FINANCIAL SERVICES CO /MA/ during the first quarter worth $58,023,000. SELECT EQUITY GROUP, L.P. invested $49,105,000 in shares of VFC during the first quarter. In the first quarter, SAMLYN CAPITAL, LLC acquired a new stake in V.F. Corporation valued at approximately $13,372,000. LIONTRUST INVESTMENT PARTNERS LLP acquired a new stake in VFC for approximately $11,563,000. SCOPUS ASSET MANAGEMENT, L.P. purchased a new stake in VFC valued at around $9,805,000 in the second quarter. In total, there are 1,047 active investors with 90.60% ownership of the company’s stock.
A candlestick chart of V.F. Corporation (NYSE: VFC) showed a price of $19.74 on Thursday morning. During the past 12 months, V.F. Corporation has had a low of $16.77 and a high of $50.27. As of last week, the company has a debt-to-equity ratio of 2.28, a current ratio of 1.50, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $14.96B, which is based on a 326.83 price-to-earnings ratio, a 201.75 price-to-earnings-growth ratio, and a beta of 1.47. The fifty day moving average price for VFC is $21.03 and a two-hundred day moving average price translates $27.86 for the stock.
The latest earnings results from V.F. Corporation (NYSE: VFC) was released for Mar, 2023. According to the Apparel Manufacturing Company, earnings per share came in at $0.17, beating analysts’ expectations of $0.14 by 0.03. This compares to $0.21 EPS in the same period last year. The net profit margin was 1.00% and return on equity was 3.70% for VFC. The company reported revenue of $2.74 billion for the quarter, compared to $2.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.01 percent. For the current quarter, analysts expect VFC to generate $2.07B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/20/2023. Investors who held shares on 06/12/2023 were paid a $0.30 dividend. On an annualized basis, this represents a $1.20 dividend and a 6.12% percent yield. There was an ex-dividend date of 06/09/2023 for this dividend. In terms of dividend payout ratio, VFC is presently at 591.10%.
V.F. Corporation(VFC) Company Profile
V.F. Corporation, together with its subsidiaries, engages in the design, 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 three segments: Outdoor, Active, and Work. The company offers outdoor, merino wool and other natural fibers-based, lifestyle, and casual apparel; footwear; equipment; accessories; outdoor-inspired, performance-based, youth culture/action sports-inspired, streetwear, and protective work footwear; handbags, luggage, backpacks, and totes; and work and work-inspired lifestyle apparel and footwear. It provides its products under The North Face, Timberland, Smartwool, Icebreaker, Altra, Vans, Supreme, Kipling, Napapijri, Eastpak, JanSport, Dickies, and Timberland PRO brand names. The company sells its products primarily to specialty stores, department stores, national chains, and mass merchants, as well as sells through direct-to-consumer operations, including retail stores, concession retail stores, and e-commerce sites, and other digital platforms. V.F. Corporation was founded in 1899 and is headquartered in Denver, Colorado.