VF Corp VP Karl Heinz Salzburger Sells 14,566 Shares (VFC)
VF Corp (NYSE:VFC) VP Karl Heinz Salzburger sold 14,566 shares of VF Corp stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $65.44, for a total value of $953,199.04. Following the completion of the transaction, the vice president now directly owns 420,000 shares in the company, valued at approximately $27,484,800. The sale was disclosed in a document filed with the SEC, which is available at this link.
VF Corp (NYSE:VFC) traded up 1.32% during mid-day trading on Thursday, hitting $65.36. 1,214,801 shares of the company’s stock traded hands. VF Corp has a one year low of $47.33 and a one year high of $65.60. The stock has a 50-day moving average of $62.47 and a 200-day moving average of $61.69. The company has a market cap of $28.177 billion and a P/E ratio of 22.75.
VF Corp (NYSE:VFC) last issued its quarterly earnings data on Friday, July 18th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue 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 declared a quarterly dividend, which is scheduled for Friday, September 19th. Shareholders 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 1.61%. The ex-dividend date of this dividend is Friday, September 5th.
Several analysts have recently commented on the stock. Analysts at Macquarie reiterated an “outperform” rating on shares of VF Corp in a research note on Thursday. They now have a $74.00 price target on the stock, up previously from $71.00. Separately, 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. Finally, 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. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $88.32.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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