V.F. Corp. (VFC) Stock Price Down 1.9%
V.F. Corp. (NYSE:VFC) fell 1.9% on Tuesday . The company traded as low as $62.58 and last traded at $62.83, with a volume of 1,095,549 shares changing hands. The stock had previously closed at $64.04.
A number of brokerages have weighed in on VFC. B. Riley reissued a “neutral” rating and issued a $63.00 price target on shares of V.F. Corp. in a report on Wednesday, July 20th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of V.F. Corp. in a report on Thursday, May 12th. Zacks Investment Research raised shares of V.F. Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. DA Davidson reaffirmed a “buy” rating and set a $79.00 price objective on shares of V.F. Corp. in a research note on Monday, July 18th. Finally, Brean Capital reaffirmed a “hold” rating on shares of V.F. Corp. in a research note on Monday, July 25th. 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 issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $70.87.
The firm’s 50 day moving average is $63.12 and its 200-day moving average is $63.28. The firm has a market capitalization of $25.50 billion and a P/E ratio of 24.32.
V.F. Corp. (NYSE:VFC) last issued its earnings results 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. The firm earned $2.40 billion during the quarter, compared to analyst estimates of $2.53 billion. V.F. Corp.’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 EPS. Equities analysts anticipate that V.F. Corp. will post $3.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 19th. Shareholders of record on Friday, September 9th will be issued a $0.37 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $1.48 dividend on an annualized basis and a yield of 2.39%.
In other news, CEO Eric C. Wiseman sold 264,816 shares of the stock in a transaction dated Friday, August 19th. The stock was 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Clarence Otis, Jr. sold 25,540 shares of the stock in a transaction dated Wednesday, August 10th. The shares were 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 of the company’s stock, valued at approximately $2,330,121.20. 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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