With over 6.07 million VF Corp. (VFC) shares trading Tuesday and a closing price of $17.16 on the day, the dollar volume was approximately $104.19 million. The shares have shown a negative half year performance of -10.95% and its price on 01/09/24 lost nearly -0.98%. Currently, there are 388.67M common shares owned by the public and among those 366.73M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 25 analysts who have offered their price forecasts for VFC have a consensus price objective of $19.00. The analysts have set the share’s price value over the next 12 months at a high of $33.00 and a low of $15.00. The average price target is 9.68% above its recent price level and a downside to the estimated low will see the stock lose -14.4% over that period. But an upside of 48.0% will see the stock hit the forecast high price target while median target price for the stock is $18.00.
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Insiders at the company have transacted a total of 32 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 28 of these insider trades were purchases, accounting for 973,672 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 39,093 shares.
Shares of VF Corp. (NYSE: VFC) opened at $17.15, down -$0.18 from a prior closing price of $17.33. However, the script later moved the day high at 17.40, down -0.98%. The company’s stock has a 5-day price change of -7.99% and 9.65% over the past three months. VFC shares are trading -8.72% year to date (YTD), with the 12-month market performance down to -41.91% lower. It has a 12-month low price of $12.85 and touched a high of $32.13 over the same period. VFC has an average intraday trading volume of 8.77 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.95%, -0.69%, and -9.40% respectively.
Institutional ownership of VF Corp. (NYSE: VFC) shares accounts for 90.25% of the company’s 388.67M shares outstanding.
It has a market capitalization of $6.67B and a beta (3y monthly) value of 1.52. The earnings-per-share (ttm) stands at -$0.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.93% over the week and 4.02% over the month.
Analysts forecast that VF Corp. (VFC) will achieve an EPS of $VinFast Auto Ltd. for the current quarter, $6.65 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Truist Financial Corporation while analysts give the company a high EPS estimate of $V.F. Corporation. Comparatively, EPS for the current quarter was $Ellington Financial Inc. a year ago. Earnings per share for the fiscal year are expected to decrease by -28.41%, and 28.55% over the next financial year. EPS should grow at an annualized rate of 0.65% over the next five years, compared to -34.44% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 25 brokerage firm advisors rate VF Corp. (VFC) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 15 of the 25 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the VFC, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on November 15, 2023, with the firm’s price target at $15-$19.
