VF Corp Sets New 52-Week High at $64.87 (VFC)
VF Corp (NYSE:VFC)’s share price reached a new 52-week high during mid-day trading on Wednesday , StockRatingsNetwork reports. The company traded as high as $64.87 and last traded at $64.54, with a volume of 537,153 shares trading hands. The stock had previously closed at $64.61.
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 issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $88.16.
The stock has a 50-day moving average of $62.3 and a 200-day moving average of $61.65. The company has a market cap of $27.823 billion and a P/E ratio of 22.79.
VF Corp (NYSE:VFC) last announced its earnings results on Friday, July 18th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that VF Corp will post $3.10 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders of record on Tuesday, September 9th will be paid a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, September 5th.
In other VF Corp news, VP Scott H. Baxter sold 82,368 shares of VF Corp stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $64.65, for a total value of $5,325,091.20. The sale was disclosed in a document filed with the SEC, which is available at this link.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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