V.F. Corporation (NYSE:VFC – Get Free Report) Director Richard Carucci bought 30,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was purchased at an average cost of $17.17 per share, with a total value of $515,100.00. Following the completion of the transaction, the director directly owned 336,043 shares of the company’s stock, valued at approximately $5,769,858.31. The trade was a 9.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
V.F. Stock Performance
NYSE:VFC opened at $17.65 on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.84 and a quick ratio of 1.21. The business has a fifty day simple moving average of $17.97 and a two-hundred day simple moving average of $18.43. V.F. Corporation has a 1 year low of $11.06 and a 1 year high of $22.27. The company has a market capitalization of $6.91 billion, a P/E ratio of 27.57, a P/E/G ratio of 1.41 and a beta of 1.57.
V.F. (NYSE:VFC – Get Free Report) last released its earnings results on Wednesday, May 20th. The textile maker reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.28). V.F. had a return on equity of 21.05% and a net margin of 2.65%.The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the prior year, the business earned ($0.13) earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, analysts expect that V.F. Corporation will post 1.1 earnings per share for the current year.
V.F. Announces Dividend
Analyst Upgrades and Downgrades
A number of research firms have issued reports on VFC. UBS Group decreased their target price on V.F. from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Truist Financial cut their price target on V.F. from $18.00 to $15.00 and set a “hold” rating for the company in a report on Thursday, May 21st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $18.00 price target (down from $19.00) on shares of V.F. in a report on Monday, February 23rd. Wall Street Zen raised V.F. from a “hold” rating to a “buy” rating in a report on Sunday, March 22nd. Finally, BTIG Research raised V.F. from a “neutral” rating to a “buy” rating and set a $23.00 price target for the company in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.58.
View Our Latest Analysis on V.F.
Institutional Investors Weigh In On V.F.
Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its stake in V.F. by 59.7% during the third quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock valued at $40,000 after buying an additional 1,027 shares during the period. Parallel Advisors LLC boosted its stake in V.F. by 27.9% during the first quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock valued at $46,000 after buying an additional 588 shares during the period. Root Financial Partners LLC boosted its stake in V.F. by 282.9% during the first quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock valued at $52,000 after buying an additional 2,255 shares during the period. Rothschild Investment LLC boosted its stake in V.F. by 705.8% during the third quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock valued at $54,000 after buying an additional 3,282 shares during the period. Finally, GAMMA Investing LLC boosted its stake in V.F. by 30.5% during the fourth quarter. GAMMA Investing LLC now owns 10,987 shares of the textile maker’s stock valued at $199,000 after buying an additional 2,570 shares during the period. Institutional investors own 86.84% of the company’s stock.
V.F. Company Profile
VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.
Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.
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