Investors Buy V.F. Corp. (VFC) on Weakness
Traders purchased shares of V.F. Corp. (NYSE:VFC) on weakness during trading on Tuesday. $52.96 million flowed into the stock on the tick-up and $26.83 million flowed out of the stock on the tick-down, for a money net flow of $26.13 million into the stock. Of all stocks tracked, V.F. Corp. had the 10th highest net in-flow for the day. V.F. Corp. traded down ($0.21) for the day and closed at $63.80
A number of equities research analysts have weighed in on the company. Canaccord Genuity reaffirmed a “buy” rating and set a $82.00 price objective on shares of V.F. Corp. in a report on Tuesday, April 5th. Zacks Investment Research raised V.F. Corp. from a “sell” rating to a “hold” rating in a report on Monday, April 25th. BB&T Corp. downgraded V.F. Corp. from a “buy” rating to a “hold” rating in a report on Monday, April 25th. DA Davidson reissued a “buy” rating and issued a $79.00 target price on shares of V.F. Corp. in a report on Monday. Finally, B. Riley reissued a “neutral” rating and issued a $63.00 target price on shares of V.F. Corp. in a report on Tuesday, April 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. V.F. Corp. currently has an average rating of “Buy” and a consensus target price of $71.35.
The firm has a market capitalization of $26.61 billion and a P/E ratio of 22.86. The company has a 50-day moving average price of $62.80 and a 200-day moving average price of $62.36.
V.F. Corp. (NYSE:VFC) last issued its quarterly earnings results on Friday, April 29th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the firm posted $0.67 EPS. V.F. Corp.’s revenue for the quarter was up .1% on a year-over-year basis. Analysts anticipate that V.F. Corp. will post $3.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 20th. Stockholders of record on Friday, June 10th were issued a dividend of $0.37 per share. The ex-dividend date was Wednesday, June 8th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.32%.
Several institutional investors have modified their holdings of the company. Brown Advisory Inc. raised its position in shares of V.F. Corp. by 9.5% in the fourth quarter. Brown Advisory Inc. now owns 346,987 shares of the company’s stock worth $21,600,000 after buying an additional 30,087 shares during the period. Vanguard Group Inc. raised its position in shares of V.F. Corp. by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 21,970,594 shares of the company’s stock worth $1,367,669,000 after buying an additional 504,462 shares during the period. Verity & Verity LLC raised its position in shares of V.F. Corp. by 1.9% in the fourth quarter. Verity & Verity LLC now owns 61,557 shares of the company’s stock worth $3,832,000 after buying an additional 1,144 shares during the period. Mizuho Trust & Banking Co. Ltd. raised its position in shares of V.F. Corp. by 1.8% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 539,077 shares of the company’s stock worth $33,779,000 after buying an additional 9,713 shares during the period. Finally, Azimuth Capital Management LLC raised its position 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 period.
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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