Insider Selling: VF Corp. Director Unloads 3,400 Shares of Stock (VFC)
VF Corp. (NYSE:VFC) Director Bedout Juan Ernesto De sold 3,400 shares of VF Corp. stock on the open market in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $217.03, for a total value of $737,902.00. Following the completion of the transaction, the director now directly owns 5,155 shares in the company, valued at approximately $1,118,790. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of VF Corp. (NYSE:VFC) traded down 0.03% during mid-day trading on Thursday, hitting $214.89. 194,101 shares of the company’s stock traded hands. VF Corp. has a 52 week low of $142.79 and a 52 week high of $202.35. The stock has a 50-day moving average of $201.2 and a 200-day moving average of $191.8. The company has a market cap of $23.540 billion and a P/E ratio of 20.41.
VF Corp. (NYSE:VFC) last posted its quarterly earnings results on Monday, October 21st. The company reported $3.91 earnings per share for the quarter, beating the analysts’ consensus estimate of $3.78 by $0.13. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter last year, the company posted $3.52 earnings per share. VF Corp.’s revenue was up 4.7% compared to the same quarter last year. Analysts expect that VF Corp. will post $10.95 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 20th. Stockholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Friday, December 6th. This is a boost from VF Corp.’s previous quarterly dividend of $0.87.
A number of analysts have recently weighed in on VFC shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of VF Corp. in a research note to investors on Monday. They now have a $240.00 price target on the stock, up previously from $215.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of VF Corp. in a research note to investors on Friday, October 25th. They now have a $221.00 price target on the stock. Finally, analysts at Wedbush raised their price target on shares of VF Corp. from $210.00 to $225.00 in a research note to investors on Wednesday, October 23rd. They now have an “outperform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. VF Corp. presently has an average rating of “Buy” and an average price target of $219.31.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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