V.F. Corporation (VFC) VP Sells $2,838,121.00 in Stock
V.F. Corporation (NYSE:VFC) VP Scott H. Baxter sold 39,694 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $71.50, for a total value of $2,838,121.00. Following the sale, the vice president now directly owns 112,202 shares of the company’s stock, valued at $8,022,443. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
V.F. Corporation (NYSE VFC) opened at $73.35 on Friday. V.F. Corporation has a twelve month low of $48.05 and a twelve month high of $73.40. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.47 and a quick ratio of 0.97. The company has a market capitalization of $28,683.87, a price-to-earnings ratio of 23.88, a PEG ratio of 2.32 and a beta of 0.79.
V.F. Corporation (NYSE:VFC) last posted its quarterly earnings results on Monday, October 23rd. The textile maker reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.11. V.F. Corporation had a return on equity of 29.22% and a net margin of 8.24%. The firm had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period last year, the company earned $1.20 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. research analysts anticipate that V.F. Corporation will post 3.03 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, December 8th will be issued a $0.46 dividend. This is a positive change from V.F. Corporation’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, December 7th. V.F. Corporation’s dividend payout ratio (DPR) is presently 70.89%.
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A number of analysts recently commented on VFC shares. Buckingham Research increased their price target on V.F. Corporation from $62.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, October 24th. Canaccord Genuity set a $81.00 price target on V.F. Corporation and gave the company a “buy” rating in a research report on Thursday, October 19th. Bank of America Corporation reaffirmed an “underperform” rating and set a $50.00 price target (up from $47.00) on shares of V.F. Corporation in a research report on Tuesday, August 15th. Forward View raised V.F. Corporation from a “sell” rating to a “hold” rating and set a $65.00 price target for the company in a research report on Friday, July 28th. Finally, Susquehanna Bancshares Inc reissued a “buy” rating and issued a $75.00 target price on shares of V.F. Corporation in a research report on Monday, October 16th. Two investment 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 stock has a consensus rating of “Hold” and an average target price of $65.45.
Several institutional investors have recently bought and sold shares of the company. Diamond Hill Capital Management Inc. boosted its holdings in shares of V.F. Corporation by 2.2% in the second quarter. Diamond Hill Capital Management Inc. now owns 3,584,032 shares of the textile maker’s stock worth $206,440,000 after acquiring an additional 76,486 shares during the period. AMG National Trust Bank boosted its stake in V.F. Corporation by 0.7% during the third quarter. AMG National Trust Bank now owns 1,347,332 shares of the textile maker’s stock valued at $85,650,000 after buying an additional 9,604 shares during the period. Schroder Investment Management Group boosted its stake in V.F. Corporation 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 buying an additional 179,455 shares during the period. New York State Common Retirement Fund boosted its stake in V.F. Corporation by 2.4% during the third quarter. New York State Common Retirement Fund now owns 934,700 shares of the textile maker’s stock valued at $59,419,000 after buying an additional 22,300 shares during the period. Finally, Eaton Vance Management boosted its stake in V.F. Corporation 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 period. 86.27% 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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