Key Points
- CEO Bracken Darrell bought 32,894 V.F. shares at an average price of $14.98, investing approximately $492,752 and increasing his holdings by 2.4% to 1.4 million shares.
- V.F. reported quarterly revenue of $1.67 billion, above estimates, but its loss of $0.27 per share was worse than expected and revenue declined 5.2% year over year.
- Analysts remain cautious, with several firms cutting price targets; the stock carries a consensus “Hold” rating and an average target of $18.21. V.F. also declared a quarterly dividend of $0.09 per share, yielding about 2.4% annually.
V.F. Corporation (NYSE:VFC - Get Free Report) insider Bracken Darrell purchased 32,894 shares of the company's stock in a transaction dated Friday, July 31st. The stock was acquired at an average price of $14.98 per share, with a total value of $492,752.12. Following the completion of the transaction, the insider owned 1,402,109 shares of the company's stock, valued at $21,003,592.82. This represents a 2.40% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
V.F. Price Performance
V.F. stock opened at $14.92 on Tuesday. The firm has a market cap of $5.86 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.43 and a quick ratio of 0.78. The stock's fifty day moving average price is $16.78 and its two-hundred day moving average price is $17.97. V.F. Corporation has a one year low of $11.65 and a one year high of $22.27.
V.F. (NYSE:VFC - Get Free Report) last released its earnings results on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.05). V.F. had a net margin of 2.88% and a return on equity of 18.91%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company posted ($0.24) earnings per share. The business's revenue was down 5.2% compared to the same quarter last year. As a group, research analysts expect that V.F. Corporation will post 1.08 EPS for the current fiscal year.
V.F. Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 10th will be given a $0.09 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.4%. V.F.'s payout ratio is presently 52.17%.
Institutional Trading of V.F.
Institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its holdings in V.F. by 1.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 578,767 shares of the textile maker's stock worth $8,352,000 after buying an additional 10,881 shares during the period. Fiduciary Alliance LLC raised its position in shares of V.F. by 10.3% during the fourth quarter. Fiduciary Alliance LLC now owns 647,496 shares of the textile maker's stock worth $11,707,000 after acquiring an additional 60,619 shares during the last quarter. Quent Capital LLC lifted its stake in shares of V.F. by 1,635.2% in the fourth quarter. Quent Capital LLC now owns 13,170 shares of the textile maker's stock worth $238,000 after acquiring an additional 12,411 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of V.F. by 19.1% in the fourth quarter. Handelsbanken Fonder AB now owns 112,000 shares of the textile maker's stock worth $2,025,000 after acquiring an additional 18,000 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in V.F. by 151.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,915 shares of the textile maker's stock valued at $125,000 after acquiring an additional 4,167 shares during the last quarter. Institutional investors own 86.84% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have commented on VFC shares. Wells Fargo & Company lowered their price objective on shares of V.F. from $18.00 to $16.00 and set an "equal weight" rating for the company in a research report on Thursday, July 30th. Telsey Advisory Group decreased their price target on V.F. from $20.00 to $17.00 and set a "market perform" rating on the stock in a research note on Thursday, July 30th. The Goldman Sachs Group lowered their price target on V.F. from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Thursday. Weiss Ratings downgraded V.F. from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, June 4th. Finally, Citigroup assumed coverage on V.F. in a research note on Thursday, May 21st. They issued a "neutral" rating and a $18.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $18.21.
Read Our Latest Stock Report on VFC
Key V.F. News
Here are the key news stories impacting V.F. this week:
- Positive Sentiment: CEO Bracken Darrell purchased 32,894 VFC shares for approximately $493,000 at an average price of $14.98, increasing his holdings by 2.4% to more than 1.4 million shares. The open-market purchase may signal management confidence that the stock is undervalued and provides some support for investor sentiment. V.F. insider purchase filing
- Neutral Sentiment: An analysis of VFC’s international revenue trends highlights the importance of overseas markets to the company’s financial stability and growth prospects. Investors are likely watching whether international sales can offset weakness in the broader business, particularly as the company works through its brand turnaround. Why V.F. international revenue trends deserve attention
- Negative Sentiment: Truist Financial lowered its price target for VFC to $14 from $15, reinforcing concerns about the company’s near-term outlook. The reduction follows continued pressure on profitability and the need for meaningful improvement from key brands. Truist cuts V.F. price target
- Negative Sentiment: A quarterly review described margin pressure and brand-turnaround efforts as the dominant issues for VFC. The company’s latest results also included an adjusted loss that was worse than expected, while revenue declined year over year, underscoring execution risks despite management’s turnaround plans. VFC Q2 margin and turnaround analysis
About V.F.
(
Get Free Report)
VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.
Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
