V.F. Corp. (VFC) Shares Gap Up to $62.74
V.F. Corp. (NYSE:VFC) gapped up prior to trading on Friday . The stock had previously closed at $62.44, but opened at $62.74. V.F. Corp. shares last traded at $63.82, with a volume of 808,457 shares changing hands.
A number of brokerages have weighed in on VFC. Robert W. Baird reaffirmed a “buy” rating on shares of V.F. Corp. in a report on Monday, May 2nd. B. Riley reaffirmed a “neutral” rating and issued a $63.00 price objective on shares of V.F. Corp. in a report on Sunday, May 1st. Piper Jaffray Cos. reaffirmed a “buy” rating on shares of V.F. Corp. in a report on Saturday, April 30th. Zacks Investment Research lowered V.F. Corp. from a “hold” rating to a “sell” rating in a report on Friday. Finally, Brean Capital reaffirmed a “buy” rating and issued a $66.00 price objective on shares of V.F. Corp. in a report on Monday, May 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $71.04.
The company has a market capitalization of $26.71 billion and a P/E ratio of 22.95. The stock’s 50 day moving average is $62.34 and its 200 day moving average is $62.27.
V.F. Corp. (NYSE:VFC) last posted its quarterly earnings data on Friday, April 29th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The company earned $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. The company’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business earned $0.67 earnings per share. Equities analysts predict that V.F. Corp. will post $3.23 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 20th. Stockholders of record on Friday, June 10th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Wednesday, June 8th.
Several hedge funds and institutional investors recently bought and sold shares of VFC. Victory Capital Management Inc. boosted its position 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 during the period. FOURPOINTS Investment Managers S.A.S. acquired a new stake in shares of V.F. Corp. during the fourth quarter worth $1,206,000. MUFG Americas Holdings Corp boosted its stake in shares of V.F. Corp. by 7.8% in the fourth quarter. MUFG Americas Holdings Corp now owns 19,763 shares of the company’s stock worth $1,230,000 after buying an additional 1,437 shares during the last quarter. Tredje AP fonden boosted its stake in shares of V.F. Corp. by 2.4% in the fourth quarter. Tredje AP fonden now owns 21,288 shares of the company’s stock worth $1,325,000 after buying an additional 503 shares during the last quarter. Finally, Azimuth Capital Management LLC boosted its stake in shares of V.F. Corp. by 15.8% in the fourth quarter. Azimuth Capital Management LLC now owns 24,540 shares of the company’s stock worth $1,528,000 after buying an additional 3,350 shares during 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.
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