The Vanguard Group, Inc. has recently announced that it has increased stake in VF Corp. (NYSE:VFC) by 1.18%. After grabbing 39.8 million shares, the institutional investor is now in possession of 0.46 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 10.24% having worth around $665.94 million. Moreover, PNC Bank, NA increased its share by 18862.0 to have a control over 38.55 million shares. And Dodge & Cox raised its holdings to 32.12 million shares by acquiring 32.12 million shares or 8.26% of the stake.
VF Corp. (VFC) concluded trading on 01/03/24 at a closing price of $17.51, with 7.41 million shares of worth about $129.67 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.70% during that period and on Wednesday the price saw a loss of about -6.11%. Currently the company’s common shares owned by public are about 388.67M shares, out of which, 366.73M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 25 analysts are covering the VFC stock and their offered price forecasts bring an average price target of $18.90. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $33.00 and could fall to a lowest price of $15.00. The stock’s current price level is 7.35% above of average price target set by the analysts, while a rise to estimated low would result in loss of -16.73% for the stock. However, touching the estimated high of $33.00 would mean a gain of 46.94% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 32 times over the past 12 months. They bought 973,672 shares in 28 of the transactions. In 4 selling transactions, insiders dumped 39,093 shares.
Dodge & Cox Stock Fund, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in VF Corp. Dodge & Cox Stock Fund is currently holding 20.77 million shares of worth totaling $347.41 million. The company recently came buying 20.77 million shares which brought its stake up to 5.34% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 14221.0 shares, after which its hold over company’s outstanding shares expand to 2.83%, leaving 10.99 million shares with the mutual fund that have a worth of about $183.82 million. Vanguard Small Cap Index Fund, after buying 9.07 million shares, have now control over 2.33% of the stake in the company. It holds 38635.0 shares of worth $151.7 million.
VF Corp. (NYSE: VFC) started trading at $18.29, below -$0.36 from concluding price of the previous day. Stock saw a price change of -6.46% in past 5 days and over the past one month there was a price change of -3.21%. Year-to-date (YTD), VFC shares are showing a performance of -6.86% which decreased to -36.58% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.85 but also hit the highest price of $32.13 during that period. The average intraday trading volume for VF Corp. shares is 8.78 million. The stock is currently trading -6.22% below its 20-day simple moving average (SMA20), while that difference is up 1.02% for SMA50 and it goes to -7.95% lower than SMA200.
The Vanguard Group, Inc. acquired 39.8 million shares of VF Corp. having value of about $665.94 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.46 million shares in the company valued at close to $8105956.83, or have control over 1.18% stake in the company. VF Corp. (NYSE: VFC) currently have 388.67M outstanding shares and institutions hold larger chunk of about 90.28% of that. Holding of mutual funds in the company is about 40.24% while other institutional holders and individual stake holders have control over 50.46% and 23.20% of the stake respectively.
The stock has a current market capitalization of $6.81B and its 3Y-monthly beta is at 1.52. It has posted earnings per share of -$0.55 in the same period. It has Quick Ratio of 0.78 while making debt-to-equity ratio of 3.53. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VFC, volatility over the week remained 3.39% while standing at 4.17% over the month.
Analysts are in expectations that VF Corp. (VFC) stock would likely to be making an EPS of $0.81 in the current quarter, while forecast for next quarter EPS is $0.18 and it is $1.94 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.37 which is $0.95 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -28.30% while it is estimated to increase by 28.34% in next year. EPS is likely to grow at an annualized rate of 0.65% for next 5-years, compared to annual growth of -34.44% made by the stock over the past 5-years.
Analysts at 25 brokerage firms have issued recommendations for the VF Corp. (VFC)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.40. Out of those 25 Wall Street analysts, 7 recommended a “Buy” rating, while 15 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on November 15, 2023 offering a Neutral rating for the stock and assigned a target price range of between $15 and $19 to it.
