Insider Selling: V.F. Corporation (VFC) Chairman Sells 110,943 Shares of Stock
V.F. Corporation (NYSE:VFC) Chairman Eric C. Wiseman sold 110,943 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $63.65, for a total value of $7,061,521.95. Following the sale, the chairman now directly 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 Securities & Exchange Commission, which can be accessed through the SEC website.
V.F. Corporation (NYSE VFC) traded down 0.54% on Tuesday, reaching $62.88. The company’s stock had a trading volume of 526,029 shares. V.F. Corporation has a 12 month low of $48.05 and a 12 month high of $64.90. The company has a 50-day moving average price of $60.62 and a 200 day moving average price of $55.78. The company has a market cap of $24.75 billion, a P/E ratio of 23.99 and a beta of 0.78.
V.F. Corporation (NYSE:VFC) last issued its quarterly earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts anticipate that V.F. Corporation will post $2.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.66%. The ex-dividend date is Thursday, September 7th. V.F. Corporation’s dividend payout ratio (DPR) is currently 64.86%.
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A number of equities research analysts have issued reports on VFC shares. TheStreet raised V.F. Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, July 13th. Macquarie reaffirmed 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. Bank of America Corporation reaffirmed 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. Buckingham Research reaffirmed a “neutral” rating and set a $55.00 target price on shares of V.F. Corporation in a research report on Monday, July 17th. Finally, Forward View raised V.F. Corporation from a “sell” rating to a “hold” rating and set a $65.00 target price for the company in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. V.F. Corporation presently has a consensus rating of “Hold” and an average target price of $60.15.
Large investors have recently modified their holdings of the company. Orrstown Financial Services Inc. raised its stake in shares of V.F. Corporation by 9.2% in the second 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 period. TrimTabs Asset Management LLC bought a new position in V.F. Corporation during the first quarter valued at approximately $121,000. WFG Advisors LP increased its position in V.F. Corporation by 7.4% in the first 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 in the last quarter. Zions Bancorporation increased its position in V.F. Corporation by 1.5% in the first quarter. Zions Bancorporation now owns 2,575 shares of the textile maker’s stock valued at $140,000 after buying an additional 38 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd bought a new position in V.F. Corporation during the first quarter valued at approximately $148,000. 89.09% of the stock is owned by hedge funds and other institutional investors.
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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