Stocks of VF Corp (NYSE:VFC) traded higher last session on Wall Street, up 4.04% to $23.45.
VFC stock price is now -2.38% away from the 50-day moving average and 23.43% away from the 200-day moving average. The market capitalization of the company currently stands at $9.14B.
With the price target of $28, Needham recently initiated with Buy rating for VF Corp (NYSE: VFC). , while ‘Truist’ rates the stock as ‘Hold’
In other news, Carucci Richard, Director bought 15,000 shares of the company’s stock on Aug 22 ’24. The stock was bought for $250,500 at an average price of $16.70. Upon completion of the transaction, the Director now directly owns 230,178 shares in the company, valued at $5.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13 ’24, Director Carucci Richard bought 25,000 shares of the business’s stock. A total of $344,495 was incurred on buying the stock at an average price of $13.78. This leaves the insider owning 215,130 shares of the company worth $5.04 million. A total of 5.69% of the company’s stock is owned by insiders.
During the past 12 months, VF Corp has had a low of $11.00 and a high of $29.02. As of last week, the company has a debt-to-equity ratio of 3.42, a current ratio of 1.56, and a quick ratio of 1.00.
The net profit margin was -3.25% and return on equity was -16.13% for VFC. The company reported revenue of $2.83 billion for the quarter, compared to $2.78 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.93 percent.
