VF Corp (NYSE:VFC) VP Scott H. Baxter sold 89,822 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $71.14, for a total value of $6,389,937.08. Following the sale, the vice president now owns 127,844 shares of the company’s stock, valued at approximately $9,094,822.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
VF Corp (VFC) traded up $0.69 during midday trading on Thursday, hitting $71.91. The stock had a trading volume of 1,709,274 shares, compared to its average volume of 3,061,414. VF Corp has a 1 year low of $48.05 and a 1 year high of $74.87. The company has a market capitalization of $27,814.54, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 2.25 and a beta of 0.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.47.
VF (NYSE:VFC) last announced its quarterly earnings results on Monday, October 23rd. The textile maker reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.11. VF had a return on equity of 29.22% and a net margin of 8.24%. The company had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period in the prior year, the company earned $1.20 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. sell-side analysts forecast that VF Corp will post 3.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, December 8th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, December 7th. This is a positive change from VF’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 2.56%. VF’s dividend payout ratio is presently 70.89%.
A number of institutional investors have recently made changes to their positions in VFC. Eaton Vance Management boosted its stake in VF by 1,249.7% during the second quarter. Eaton Vance Management now owns 930,352 shares of the textile maker’s stock valued at $53,588,000 after buying an additional 861,421 shares during the last quarter. PGGM Investments raised its position in VF by 220.9% during the second quarter. PGGM Investments now owns 680,333 shares of the textile maker’s stock valued at $39,187,000 after purchasing an additional 468,299 shares during the period. Schroder Investment Management Group raised its position in VF by 22.8% during the second quarter. Schroder Investment Management Group now owns 966,792 shares of the textile maker’s stock valued at $55,039,000 after purchasing an additional 179,455 shares during the period. SG Americas Securities LLC raised its position in VF by 399.4% during the second quarter. SG Americas Securities LLC now owns 223,357 shares of the textile maker’s stock valued at $12,865,000 after purchasing an additional 178,634 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new stake in VF during the second quarter valued at approximately $9,602,000. 85.74% of the stock is owned by institutional investors.
Several research firms have issued reports on VFC. Forward View reissued a “hold” rating on shares of VF in a report on Tuesday, August 15th. Susquehanna Bancshares reissued a “positive” rating and set a $75.00 price target (up previously from $70.00) on shares of VF in a report on Tuesday, August 15th. Piper Jaffray Companies set a $58.00 price target on VF and gave the company a “hold” rating in a report on Monday, August 14th. Buckingham Research boosted their price target on VF from $55.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, August 15th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $60.00 price target (up previously from $57.00) on shares of VF in a report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. VF presently has an average rating of “Hold” and a consensus price target of $65.84.
VF 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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