V.F. Corp. (VFC) Shares Gap Up to $63.80
V.F. Corp. (NYSE:VFC) shares gapped up before the market opened on Wednesday . The stock had previously closed at $63.78, but opened at $63.80. V.F. Corp. shares last traded at $64.31, with a volume of 896,848 shares traded.
VFC has been the topic of several recent analyst reports. Canaccord Genuity reiterated a “buy” rating on shares of V.F. Corp. in a research note on Wednesday, April 27th. Robert W. Baird reiterated a “buy” rating on shares of V.F. Corp. in a research note on Monday, May 16th. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of V.F. Corp. in a research note on Thursday, May 12th. Brean Capital reiterated a “buy” rating and issued a $66.00 price target on shares of V.F. Corp. in a research note on Monday, May 2nd. Finally, Piper Jaffray Cos. reiterated a “buy” rating on shares of V.F. Corp. in a research note on Saturday, April 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $71.35.
The firm has a 50 day moving average price of $62.85 and a 200-day moving average price of $62.38. The stock has a market capitalization of $26.78 billion and a PE ratio of 23.01.
V.F. Corp. (NYSE:VFC) last announced its quarterly earnings results on Friday, April 29th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. During the same period in the prior year, the business earned $0.67 earnings per share. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Analysts predict that V.F. Corp. will post $3.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 20th. Investors of record on Friday, June 10th were given a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $1.48 annualized dividend and a yield of 2.30%.
A number of large investors recently bought and sold shares of the stock. Argent Trust Co boosted its stake in V.F. Corp. by 4.8% in the third quarter. Argent Trust Co now owns 15,342 shares of the company’s stock valued at $1,046,000 after buying an additional 706 shares in the last quarter. Victory Capital Management Inc. boosted its stake in V.F. Corp. by 42.8% in the fourth quarter. Victory Capital Management Inc. now owns 16,238 shares of the company’s stock valued at $1,011,000 after buying an additional 4,867 shares in the last quarter. FOURPOINTS Investment Managers S.A.S. bought a new stake in V.F. Corp. during the fourth quarter valued at approximately $1,206,000. MUFG Americas Holdings Corp boosted its stake in V.F. Corp. by 7.8% in the fourth quarter. MUFG Americas Holdings Corp now owns 19,763 shares of the company’s stock valued at $1,230,000 after buying an additional 1,437 shares in the last quarter. Finally, Tredje AP fonden boosted its stake in V.F. Corp. by 2.4% in the fourth quarter. Tredje AP fonden now owns 21,288 shares of the company’s stock valued at $1,325,000 after buying an additional 503 shares in the last quarter.
V.F. Corporation (VF) is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. The Company owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.