Traders Buy V.F. Corp. (VFC) on Weakness
Investors bought shares of V.F. Corp. (NYSE:VFC) on weakness during trading hours on Tuesday. $55.00 million flowed into the stock on the tick-up and $21.23 million flowed out of the stock on the tick-down, for a money net flow of $33.77 million into the stock. Of all companies tracked, V.F. Corp. had the 15th highest net in-flow for the day. V.F. Corp. traded down ($0.44) for the day and closed at $56.14
Several analysts have recently weighed in on the stock. B. Riley restated a “neutral” rating and set a $63.00 price objective on shares of V.F. Corp. in a research report on Monday, July 25th. Zacks Investment Research upgraded shares of V.F. Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 27th. DA Davidson restated a “buy” rating and set a $79.00 price objective on shares of V.F. Corp. in a research report on Monday, July 18th. Brean Capital restated a “hold” rating on shares of V.F. Corp. in a research report on Monday, July 25th. Finally, Piper Jaffray Cos. restated a “buy” rating and set a $67.00 price objective on shares of V.F. Corp. in a research report on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. V.F. Corp. presently has a consensus rating of “Hold” and a consensus target price of $68.16.
The stock has a market cap of $23.28 billion, a P/E ratio of 22.21 and a beta of 0.76. The stock’s 50-day moving average price is $61.43 and its 200-day moving average price is $62.84.
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V.F. Corp. (NYSE:VFC) last posted its earnings results on Friday, July 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.53 billion. V.F. Corp. had a return on equity of 25.27% and a net margin of 8.82%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. Equities research analysts predict that V.F. Corp. will post $3.20 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Friday, September 9th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Wednesday, September 7th. V.F. Corp.’s payout ratio is 58.73%.
In other V.F. Corp. news, CEO Eric C. Wiseman sold 264,816 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $64.55, for a total value of $17,093,872.80. Following the sale, the chief executive officer now directly owns 756,198 shares in the company, valued at $48,812,580.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Clarence Otis, Jr. sold 25,540 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $62.12, for a total value of $1,586,544.80. Following the completion of the sale, the director now owns 37,510 shares in the company, valued at $2,330,121.20. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of VFC. Nomura Asset Management Co. Ltd. boosted its stake in V.F. Corp. by 2.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 39,188 shares of the company’s stock worth $2,439,000 after buying an additional 800 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of V.F. Corp. by 8.2% in the first quarter. Capstone Asset Management Co. now owns 54,273 shares of the company’s stock worth $3,515,000 after buying an additional 4,100 shares during the period. Iberiabank Corp raised its position in shares of V.F. Corp. by 42.4% in the first quarter. Iberiabank Corp now owns 9,729 shares of the company’s stock worth $630,000 after buying an additional 2,898 shares during the period. V Wealth Management LLC acquired a new position in shares of V.F. Corp. during the first quarter worth approximately $324,000. Finally, Wendell David Associates Inc. raised its position in shares of V.F. Corp. by 56.2% in the first quarter. Wendell David Associates Inc. now owns 22,160 shares of the company’s stock worth $1,440,000 after buying an additional 7,975 shares during the period. Institutional investors own 84.48% of the company’s stock.
V.F. Corp. Company Profile
V.F. Corporation (VF) is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. The Company owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories.
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