VF Corp (NYSE:VFC) CFO Scott A. Roe sold 10,000 shares of VF stock in a transaction on Monday, July 29th. The shares were sold at an average price of $88.39, for a total value of $883,900.00. Following the transaction, the chief financial officer now directly owns 98,198 shares of the company’s stock, valued at $8,679,721.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

VFC stock traded down $0.17 during midday trading on Tuesday, reaching $88.16. The stock had a trading volume of 917,305 shares, compared to its average volume of 1,969,010. The business’s fifty day moving average price is $87.62. The company has a current ratio of 2.04, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $34.53 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 2.49 and a beta of 1.15. VF Corp has a twelve month low of $67.18 and a twelve month high of $97.00.

VF (NYSE:VFC) last announced its quarterly earnings data on Wednesday, July 24th. The textile maker reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.24 billion. VF had a return on equity of 34.52% and a net margin of 8.62%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the company earned $0.43 earnings per share. Equities analysts anticipate that VF Corp will post 3.37 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, September 10th will be given a $0.43 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $1.72 dividend on an annualized basis and a yield of 1.95%. VF’s payout ratio is 53.97%.

A number of brokerages have issued reports on VFC. Telsey Advisory Group reissued an “outperform” rating and set a $106.00 price objective (up from $104.00) on shares of VF in a report on Thursday, July 25th. Goldman Sachs Group set a €6.34 ($7.37) target price on Banco Bilbao Vizcaya Argentaria and gave the company a “neutral” rating in a research note on Friday, May 17th. Pivotal Research raised their target price on VF to $95.00 in a research note on Monday, July 22nd. Guggenheim restated a “buy” rating and issued a $95.00 target price (up from $90.00) on shares of VF in a research note on Thursday, May 23rd. Finally, Cowen restated a “buy” rating on shares of ImmunoGen in a research note on Thursday, June 27th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $93.69.

A number of hedge funds have recently made changes to their positions in the stock. First Citizens Bank & Trust Co. increased its position in VF by 0.5% in the first quarter. First Citizens Bank & Trust Co. now owns 22,621 shares of the textile maker’s stock worth $1,966,000 after purchasing an additional 116 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its position in shares of VF by 2.2% during the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,771 shares of the textile maker’s stock worth $504,000 after buying an additional 125 shares during the period. Flagship Harbor Advisors LLC grew its position in shares of VF by 31.5% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 547 shares of the textile maker’s stock worth $47,000 after buying an additional 131 shares during the period. Camelot Portfolios LLC grew its position in shares of VF by 4.9% during the 2nd quarter. Camelot Portfolios LLC now owns 2,815 shares of the textile maker’s stock worth $246,000 after buying an additional 132 shares during the period. Finally, Covenant Multifamily Offices LLC grew its position in shares of VF by 2.6% during the 1st quarter. Covenant Multifamily Offices LLC now owns 5,805 shares of the textile maker’s stock worth $505,000 after buying an additional 145 shares during the period.

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.

Further Reading: Rule of 72

Insider Buying and Selling by Quarter for VF (NYSE:VFC)

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