V.F. Corp. (VFC) Sees Strong Trading Volume
V.F. Corp. (NYSE:VFC) saw an uptick in trading volume on Friday . 1,756,388 shares were traded during trading, a decline of 6% from the previous session’s volume of 1,870,089 shares.The stock last traded at $60.37 and had previously closed at $61.56.
A number of research firms have recently issued reports on VFC. B. Riley restated a “neutral” rating and issued a $63.00 price target on shares of V.F. Corp. in a research report on Wednesday, July 20th. Buckingham Research lowered V.F. Corp. from a “buy” rating to a “neutral” rating in a research report on Friday. Goldman Sachs Group Inc. restated a “buy” rating on shares of V.F. Corp. in a research report on Thursday, May 12th. Zacks Investment Research upgraded V.F. Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, DA Davidson restated a “buy” rating and issued a $79.00 price target on shares of V.F. Corp. in a research report on Monday, July 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. V.F. Corp. has an average rating of “Buy” and an average target price of $70.87.
The stock has a market cap of $24.90 billion and a P/E ratio of 23.75. The stock has a 50-day moving average of $62.90 and a 200 day moving average of $63.25.
V.F. Corp. (NYSE:VFC) last announced its quarterly earnings data on Friday, July 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.53 billion. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 earnings per share. On average, equities research analysts forecast that V.F. Corp. will post $3.20 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 19th. Stockholders of record on Friday, September 9th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $1.48 annualized dividend and a dividend yield of 2.47%.
In related news, Director Clarence Otis, Jr. sold 25,540 shares of V.F. Corp. stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $62.12, for a total transaction of $1,586,544.80. Following the transaction, the director now owns 37,510 shares in the company, valued at approximately $2,330,121.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric C. Wiseman sold 264,816 shares of V.F. Corp. stock in a transaction on Friday, August 19th. The shares were sold at an average price of $64.55, for a total transaction of $17,093,872.80. Following the transaction, the chief executive officer now owns 756,198 shares in the company, valued at approximately $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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