In yesterday’s Wall Street session, VF Corp. (NYSE:VFC) shares traded at $14.50, up 0.76% from the previous session.
VFC stock price is now -10.68% away from the 50-day moving average and -18.13% away from the 200-day moving average. The market capitalization of the company currently stands at $5.64B.
With the price target reduced from $19 to $14, Goldman Downgraded its rating from Buy to Neutral for VF Corp. (NYSE: VFC). On November 15, 2023, JP Morgan Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock increasing its target price from $15 to quote $19, while ‘Evercore ISI’ rates the stock as ‘In-line’
In other news, Carucci Richard, Director bought 20,000 shares of the company’s stock on Feb 26 ’24. The stock was bought for $310,620 at an average price of $15.53. Upon completion of the transaction, the Director now directly owns 182,810 shares in the company, valued at $2.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 26 ’24, Director Dorer Benno O sold 4 shares of the business’s stock. A total of $62 was realized by selling the stock at an average price of $15.53. This leaves the insider owning 53,625 shares of the company worth $0.78 million. A total of 5.74% of the company’s stock is owned by insiders.
During the past 12 months, VF Corp. has had a low of $12.85 and a high of $23.58. As of last week, the company has a debt-to-equity ratio of 3.48, a current ratio of 1.23, and a quick ratio of 0.70. The fifty day moving average price for VFC is $16.23 and a two-hundred day moving average price translates $17.71 for the stock.
The latest earnings results from VF Corp. (NYSE: VFC) was released for Dec, 2023. According to the Apparel Manufacturing Company, earnings per share came in at $0.57, missing analysts’ expectations of $0.77 by -0.2. This compares to $1.31 EPS in the same period last year. The net profit margin was -7.08% and return on equity was -28.20% for VFC. The company reported revenue of $2.96 billion for the quarter, compared to $3.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.16 percent. For the current quarter, analysts expect VFC to generate $2.43B in revenue.
