V.F. Corp. (VFC) Stock Price Down 1.9%
Shares of V.F. Corp. (NYSE:VFC) were down 1.9% during mid-day trading on Tuesday . The stock traded as low as $62.58 and last traded at $62.83, with a volume of 1,095,549 shares. The stock had previously closed at $64.04.
Several analysts have recently issued reports on VFC shares. Robert W. Baird reiterated a “buy” rating on shares of V.F. Corp. in a research note on Monday, May 2nd. Brean Capital reiterated a “buy” rating and set a $66.00 price target on shares of V.F. Corp. in a research note on Monday, May 2nd. Goldman Sachs Group Inc. restated a “buy” rating on shares of V.F. Corp. in a research note on Thursday, May 12th. Morgan Stanley restated an “underperform” rating and set a $52.50 target price on shares of V.F. Corp. in a research note on Wednesday, June 1st. Finally, Canaccord Genuity restated a “buy” rating and set a $82.00 target price on shares of V.F. Corp. in a research note on Thursday, June 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $70.87.
The company’s 50 day moving average is $63.19 and its 200-day moving average is $63.29. The stock has a market capitalization of $25.93 billion and a P/E ratio of 24.73.
V.F. Corp. (NYSE:VFC) last issued its quarterly earnings data on Friday, July 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. During the same quarter in the prior year, the firm earned $0.40 EPS. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.53 billion. The company’s revenue was up .8% on a year-over-year basis. Equities analysts predict that V.F. Corp. will post $3.20 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 19th. Stockholders of record on Friday, September 9th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Wednesday, September 7th.
In related news, Director Clarence Otis, Jr. sold 25,540 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $62.12, for a total value of $1,586,544.80. Following the completion of the sale, the director now directly owns 37,510 shares in the company, valued at $2,330,121.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Eric C. Wiseman sold 264,816 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $64.55, for a total value of $17,093,872.80. Following the completion of the sale, the chief executive officer now owns 756,198 shares of the company’s stock, valued at $48,812,580.90. The disclosure for this sale can be found here.
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.
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