The price of VF Corp. (NYSE:VFC) shares last traded on Wall Street rose 3.18% to $13.95.
VFC stock price is now -10.85% away from the 50-day moving average and -19.78% away from the 200-day moving average. The market capitalization of the company currently stands at $5.42B.
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 $2.55 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 $0.75 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 $15.58 and a two-hundred day moving average price translates $17.36 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.
VF Corp.(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.
