Insider Selling: VF Corp VP Sells 82,368 Shares of Stock (VFC)
VF Corp (NYSE:VFC) VP Scott H. Baxter unloaded 82,368 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,325,091.20. Following the completion of the transaction, the vice president now directly owns 219,981 shares of the company’s stock, valued at approximately $14,221,772. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
VFC has been the subject of a number of recent research reports. 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 analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $88.16.
VF Corp (NYSE:VFC) traded down 0.34% on Wednesday, hitting $64.09. 425,526 shares of the company’s stock traded hands. VF Corp has a one year low of $46.405 and a one year high of $64.74. The stock has a 50-day moving average of $62.20 and a 200-day moving average of $61.46. The company has a market cap of $27.629 billion and a P/E ratio of 22.68.
VF Corp (NYSE:VFC) last posted its quarterly 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. Stockholders 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 1.63%. 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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