V.F. Corporation (NYSE:VFC) CEO Steven E. Rendle sold 65,604 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $70.57, for a total transaction of $4,629,674.28. Following the completion of the sale, the chief executive officer now owns 162,235 shares in the company, valued at $11,448,923.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of V.F. Corporation (NYSE VFC) traded down 1.65% during mid-day trading on Monday, reaching $69.73. 1,063,104 shares of the company’s stock traded hands. The firm has a market cap of $27.45 billion, a price-to-earnings ratio of 26.60 and a beta of 0.77. The firm’s 50-day moving average is $64.61 and its 200 day moving average is $59.37. V.F. Corporation has a one year low of $48.05 and a one year high of $71.95.
V.F. Corporation (NYSE:VFC) last posted its quarterly earnings data on Monday, October 23rd. The textile maker reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.11. The business had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.40 billion. V.F. Corporation had a return on equity of 29.22% and a net margin of 8.24%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 earnings per share. Analysts predict that V.F. Corporation will post $3.03 earnings per share for the current year.
The company also recently disclosed 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 an increase from V.F. Corporation’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, December 7th. V.F. Corporation’s dividend payout ratio is presently 70.89%.
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A number of analysts have recently weighed in on the stock. DA Davidson raised their price target on shares of V.F. Corporation to $72.00 and gave the company a “neutral” rating in a report on Tuesday, October 24th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $75.00 price target (up from $70.00) on shares of V.F. Corporation in a report on Tuesday, August 15th. Cowen and Company restated a “hold” rating and issued a $63.00 price target on shares of V.F. Corporation in a report on Thursday, September 21st. Stifel Nicolaus restated a “hold” rating and issued a $60.00 price target (up from $57.00) on shares of V.F. Corporation in a report on Monday, August 14th. Finally, Canaccord Genuity set a $53.00 price target on shares of V.F. Corporation and gave the company a “hold” rating in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $65.45.
Several hedge funds have recently bought and sold shares of the company. Keel Point LLC boosted its holdings in shares of V.F. Corporation by 0.4% in the first quarter. Keel Point LLC now owns 4,383 shares of the textile maker’s stock valued at $241,000 after acquiring an additional 19 shares during the period. Zions Bancorporation boosted its holdings in shares of 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 acquiring an additional 38 shares during the period. Kopp Investment Advisors LLC boosted its holdings in shares of V.F. Corporation by 0.4% in the second quarter. Kopp Investment Advisors LLC now owns 11,558 shares of the textile maker’s stock valued at $666,000 after acquiring an additional 49 shares during the period. RNC Capital Management LLC boosted its holdings in shares of V.F. Corporation by 1.5% in the second quarter. RNC Capital Management LLC now owns 4,135 shares of the textile maker’s stock valued at $238,000 after acquiring an additional 60 shares during the period. Finally, Indiana Trust & Investment Management CO boosted its holdings in shares of V.F. Corporation by 1.1% in the second quarter. Indiana Trust & Investment Management CO now owns 6,462 shares of the textile maker’s stock valued at $372,000 after acquiring an additional 71 shares during the period.
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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