VF Corp (NYSE:VFC) General Counsel Laura C. Meagher sold 6,704 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $83.31, for a total value of $558,510.24. Following the completion of the transaction, the general counsel now directly owns 24,123 shares of the company’s stock, valued at approximately $2,009,687.13. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
NYSE:VFC traded up $0.46 during midday trading on Friday, hitting $90.81. 24,953 shares of the company traded hands, compared to its average volume of 1,483,994. VF Corp has a 12-month low of $67.18 and a 12-month high of $96.20. The company has a current ratio of 2.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.76. The firm’s fifty day moving average is $83.21 and its 200-day moving average is $86.94. The firm has a market capitalization of $35.76 billion, a P/E ratio of 24.08, a P/E/G ratio of 2.52 and a beta of 1.16.
VF (NYSE:VFC) last posted its quarterly earnings results on Wednesday, July 24th. The textile maker reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. VF had a return on equity of 34.52% and a net margin of 8.62%. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the company earned $0.43 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. On average, research analysts expect that VF Corp will post 3.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Monday, September 9th. VF’s payout ratio is 45.50%.
Several equities research analysts have recently commented on the stock. Wedbush reaffirmed an “outperform” rating and set a $98.00 price target on shares of VF in a research report on Thursday, May 23rd. Guggenheim reaffirmed a “buy” rating and set a $95.00 price target (up previously from $90.00) on shares of VF in a research report on Thursday, May 23rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $106.00 price target (up previously from $104.00) on shares of VF in a research report on Thursday, July 25th. Pivotal Research boosted their price objective on VF to $95.00 in a research note on Monday, July 22nd. Finally, TheStreet downgraded VF from a “b+” rating to a “c” rating in a research note on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $94.06.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in VF by 6.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 965,344 shares of the textile maker’s stock valued at $68,865,000 after purchasing an additional 61,967 shares in the last quarter. Geode Capital Management LLC boosted its position in VF by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 4,666,672 shares of the textile maker’s stock valued at $332,386,000 after purchasing an additional 159,863 shares in the last quarter. Alps Advisors Inc. bought a new stake in VF during the first quarter valued at about $413,000. Moors & Cabot Inc. bought a new stake in VF during the first quarter valued at about $366,000. Finally, Parallel Advisors LLC boosted its holdings in VF by 19.3% in the first quarter. Parallel Advisors LLC now owns 1,888 shares of the textile maker’s stock worth $164,000 after acquiring an additional 305 shares in the last quarter. 83.50% of the stock is currently owned by institutional investors and hedge funds.
V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.
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