VF Corp CFO Sells $2,011,045 in Stock (VFC)
VF Corp (NYSE:VFC) CFO Robert K. Shearer sold 31,750 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $63.34, for a total transaction of $2,011,045.00. Following the completion of the sale, the chief financial officer now directly owns 261,225 shares of the company’s stock, valued at approximately $16,545,992. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on VFC shares. Analysts at Zacks reiterated a “neutral” rating on shares of VF Corp in a research note on Friday, August 1st. They now have a $64.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of VF Corp in a research note on Wednesday, July 23rd. They now have a $62.00 price target on the stock, up previously from $61.00. Finally, analysts at Telsey Advisory Group reiterated a “” rating on shares of VF Corp in a research note on Monday, July 21st. They now have a $69.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $88.16.
Shares of VF Corp (NYSE:VFC) traded up 0.16% during mid-day trading on Thursday, hitting $63.52. 641,081 shares of the company’s stock traded hands. VF Corp has a one year low of $46.405 and a one year high of $64.08. The stock has a 50-day moving average of $62. and a 200-day moving average of $61.25. The company has a market cap of $27.383 billion and a price-to-earnings ratio of 22.37.
VF Corp (NYSE:VFC) last announced its earnings results on Friday, July 18th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.01. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the company posted $0.32 earnings per share. VF Corp’s revenue was up 8.2% compared to the same quarter last year. Analysts expect that VF Corp will post $3.10 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Investors of record on Tuesday, September 9th will be given a dividend of $0.2625 per share. This represents a $1.05 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, September 5th.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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