VF Corp (VFC) Insider Sells $6,453,668.85 in Stock
VF Corp (NYSE:VFC) insider Laura C. Meagher sold 69,357 shares of the stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $93.05, for a total value of $6,453,668.85. Following the sale, the insider now owns 36,369 shares in the company, valued at $3,384,135.45. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of VFC opened at $91.63 on Friday. The firm has a market capitalization of $38.18 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 2.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.78 and a current ratio of 1.45. VF Corp has a 52 week low of $61.56 and a 52 week high of $97.00.
VF (NYSE:VFC) last posted its quarterly earnings results on Friday, July 20th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.11. VF had a return on equity of 35.37% and a net margin of 5.46%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the company earned $0.29 EPS. The firm’s revenue was up 22.9% on a year-over-year basis. analysts forecast that VF Corp will post 3.6 EPS for the current year.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of VF by 9.6% in the 2nd quarter. BlackRock Inc. now owns 24,770,077 shares of the textile maker’s stock worth $2,019,258,000 after purchasing an additional 2,179,165 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of VF by 1.6% in the 1st quarter. Wells Fargo & Company MN now owns 9,138,244 shares of the textile maker’s stock worth $677,327,000 after purchasing an additional 143,454 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new position in shares of VF in the 2nd quarter worth $352,007,000. Janus Henderson Group PLC boosted its position in shares of VF by 89.6% in the 2nd quarter. Janus Henderson Group PLC now owns 3,479,346 shares of the textile maker’s stock worth $283,640,000 after purchasing an additional 1,644,062 shares during the last quarter. Finally, FMR LLC boosted its position in shares of VF by 106.9% in the 2nd quarter. FMR LLC now owns 3,466,116 shares of the textile maker’s stock worth $282,557,000 after purchasing an additional 1,790,625 shares during the last quarter. Institutional investors and hedge funds own 98.25% of the company’s stock.
A number of equities research analysts recently commented on the company. Piper Jaffray Companies restated a “buy” rating and set a $103.00 price target on shares of VF in a research report on Monday, July 23rd. UBS Group assumed coverage on VF in a research report on Thursday, June 21st. They set a “neutral” rating and a $89.00 price target on the stock. Canaccord Genuity restated a “buy” rating and set a $108.00 price target on shares of VF in a research report on Monday, August 13th. TheStreet upgraded VF from a “c+” rating to a “b+” rating in a research report on Friday, May 4th. Finally, Goldman Sachs Group began coverage on VF in a research report on Monday, June 25th. They issued a “buy” rating and a $96.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $93.70.
VF Company Profile
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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