Insider Selling: Clarence Otis, Jr. Sells 46,400 Shares of VF Corp Stock (VFC)
VF Corp (NYSE:VFC) Director Clarence Otis, Jr. sold 46,400 shares of the stock on the open market in a transaction dated Thursday, February 20th. The stock was sold at an average price of $57.88, for a total transaction of $2,685,632.00. Following the completion of the sale, the director now directly owns 9,765 shares of the company’s stock, valued at approximately $565,198. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on VFC shares. Analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of VF Corp in a research note on Tuesday. They now have a $65.00 price target on the stock, down previously from $70.00. Separately, analysts at Barclays raised their price target on shares of VF Corp from $56.00 to $60.00 in a research note on Tuesday. They now have an “overweight” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of VF Corp from a “neutral” rating to a “buy” rating in a research note on Tuesday. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $149.68.
VF Corp (NYSE:VFC) traded up 1.10% during mid-day trading on Friday, hitting $58.67. The stock had a trading volume of 1,476,504 shares. VF Corp has a one year low of $38.895 and a one year high of $63.45. The stock has a 50-day moving average of $59.14 and a 200-day moving average of $54.37. The company has a market cap of $25.757 billion and a price-to-earnings ratio of 21.41.
VF Corp (NYSE:VFC) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.82 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.84 by $0.02. 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 $0.77 earnings per share. VF Corp’s revenue was up 8.5% compared to the same quarter last year. On average, analysts predict that VF Corp will post $3.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 20th. Investors of record on Monday, March 10th will be paid a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Thursday, March 6th.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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