V.F. Corp. (VFC) Sees Unusually-High Trading Volume
V.F. Corp. (NYSE:VFC) saw strong trading volume on Friday . 1,756,388 shares changed hands during mid-day 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 analysts have issued reports on VFC shares. B. Riley reiterated a “neutral” rating and set a $63.00 price target on shares of V.F. Corp. in a research note on Wednesday, July 20th. Buckingham Research lowered shares of V.F. Corp. from a “buy” rating to a “neutral” rating in a research note on Friday. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of V.F. Corp. in a research note on Thursday, May 12th. Zacks Investment Research upgraded shares of V.F. Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Finally, DA Davidson reiterated a “buy” rating and set a $79.00 price target on shares of V.F. Corp. in a research note on Monday, July 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $70.87.
The firm has a market capitalization of $24.90 billion and a PE 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 posted its quarterly earnings data on Friday, July 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the prior year, the firm earned $0.40 earnings per share. V.F. Corp.’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities analysts expect that V.F. Corp. will post $3.20 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 19th. Stockholders 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 dividend yield of 2.47%.
In other 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 approximately $2,330,121.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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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