V.F. Corporation (NYSE:VFC) Chairman Eric C. Wiseman sold 110,943 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $63.65, for a total transaction of $7,061,521.95. Following the completion of the transaction, the chairman now owns 660,806 shares of the company’s stock, valued at approximately $42,060,301.90. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of V.F. Corporation (NYSE:VFC) traded up 0.14% on Friday, hitting $62.43. 4,053,132 shares of the stock traded hands. V.F. Corporation has a 1-year low of $48.05 and a 1-year high of $64.51. The stock has a market cap of $24.57 billion, a PE ratio of 23.82 and a beta of 0.78. The stock has a 50 day moving average of $62.88 and a 200-day moving average of $56.96.
V.F. Corporation (NYSE:VFC) last issued its earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. V.F. Corporation’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 earnings per share. On average, equities research analysts expect that V.F. Corporation will post $2.97 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 8th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, September 7th. V.F. Corporation’s payout ratio is currently 64.86%.
VFC has been the subject of a number of recent analyst reports. Buckingham Research reiterated a “neutral” rating and set a $55.00 target price on shares of V.F. Corporation in a research report on Monday, July 17th. Bank of America Corporation reiterated an “underperform” rating and set a $50.00 target price (up previously from $47.00) on shares of V.F. Corporation in a research report on Tuesday, August 15th. Canaccord Genuity reiterated a “hold” rating and set a $53.00 target price on shares of V.F. Corporation in a research report on Friday, May 26th. Macquarie reiterated an “outperform” rating and set a $70.00 target price (up previously from $69.00) on shares of V.F. Corporation in a research report on Tuesday, July 25th. Finally, Susquehanna Bancshares Inc upgraded shares of V.F. Corporation from a “neutral” rating to a “positive” rating and increased their target price for the stock from $53.00 to $70.00 in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $60.30.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orrstown Financial Services Inc. raised its position in V.F. Corporation by 9.2% in the 2nd quarter. Orrstown Financial Services Inc. now owns 1,780 shares of the textile maker’s stock valued at $103,000 after buying an additional 150 shares during the last quarter. TrimTabs Asset Management LLC purchased a new stake in V.F. Corporation in the 1st quarter valued at $121,000. WFG Advisors LP raised its position in V.F. Corporation by 7.4% in the 1st quarter. WFG Advisors LP now owns 2,480 shares of the textile maker’s stock valued at $136,000 after buying an additional 170 shares during the last quarter. Zions Bancorporation raised its position in V.F. Corporation by 1.5% in the 1st quarter. Zions Bancorporation now owns 2,575 shares of the textile maker’s stock valued at $140,000 after buying an additional 38 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd purchased a new stake in V.F. Corporation in the 1st quarter valued at $148,000. 89.11% of the stock is owned by institutional investors and hedge funds.
V.F. Corporation Company Profile
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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