The stock of V.F. Corporation (NYSE:VFC) last traded at $19.45, up 1.09% from the previous session.
Data from the available sources indicates that V.F. Corporation (NYSE:VFC) is covered by 24 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $33.00 and a low of $18.00, we find $22.60. Given the previous closing price of $19.24, this indicates a potential upside of 17.46 percent. VFC stock price is now 0.26% away from the 50-day moving average and -18.17% away from the 200-day moving average. The market capitalization of the company currently stands at $7.70B.
In total, 12 analysts have assigned it a hold rating, and 9 have given it a buy rating. Brokers who have rated the stock have averaged $23.61 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, Carucci Richard, Director bought 40,000 shares of the company’s stock on Aug 09. The stock was bought for $763,644 at an average price of $19.09. Upon completion of the transaction, the Director now directly owns 162,699 shares in the company, valued at $3.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15, Director Roberts Carol L bought 7,109 shares of the business’s stock. A total of $149,786 was incurred on buying the stock at an average price of $21.07. This leaves the insider owning 7,109 shares of the company worth $0.14 million. Insiders disposed of 39,093 shares of company stock worth roughly $0.76 million over the past 1 year. 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 DORSAL CAPITAL MANAGEMENT, LLC during the first quarter worth $62,240,000. NOMURA HOLDINGS INC invested $28,443,000 in shares of VFC during the first quarter. In the first quarter, CLEAR STREET LLC acquired a new stake in V.F. Corporation valued at approximately $7,780,000. SIMPLEX TRADING, LLC acquired a new stake in VFC for approximately $5,055,000. POINT72 MIDDLE EAST FZE purchased a new stake in VFC valued at around $3,971,000 in the second quarter. In total, there are 1,003 active investors with 90.60% ownership of the company’s stock.
With an opening price of $19.40 on Tuesday morning, V.F. Corporation (NYSE: VFC) set off the trading day. During the past 12 months, V.F. Corporation has had a low of $16.77 and a high of $44.82. As of last week, the company has a debt-to-equity ratio of 2.47, a current ratio of 1.40, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $14.54B, which is based on a 341.23 price-to-earnings ratio, a 36.93 price-to-earnings-growth ratio, and a beta of 1.46. The fifty day moving average price for VFC is $19.40 and a two-hundred day moving average price translates $23.73 for the stock.
The latest earnings results from V.F. Corporation (NYSE: VFC) was released for Jun, 2023. According to the Apparel Manufacturing Company, earnings per share came in at -$0.15, missing analysts’ expectations of -$0.11 by -0.04. This compares to -$0.14 EPS in the same period last year. The net profit margin was 1.00% and return on equity was 3.90% for VFC. The company reported revenue of $2.09 billion for the quarter, compared to $2.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.75 percent. For the current quarter, analysts expect VFC to generate $3.03B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/20/2023. Investors who held shares on 09/11/2023 were paid a $0.30 dividend. On an annualized basis, this represents a $1.20 dividend and a 6.17% percent yield. There was an ex-dividend date of 09/08/2023 for this dividend. In terms of dividend payout ratio, VFC is presently at 532.00%.
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.
