The Vanguard Group, Inc. recently announced the acquisition of new stake in VF Corp. (NYSE:VFC). The institutional investor has increased its shareholding in the Consumer Cyclical company by 1.18% to 39.8 million shares with purchase of 0.46 million shares. This fresh investment now brings its stake to 10.24% valued currently at $748.33 million. In addition, PNC Bank, NA raised its holdings by 18862.0 to 38.55 million shares.
Currently, there are 388.67M common shares owned by the public and among those 366.73M shares have been available to trade.
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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.
The top 3 mutual fund holders in VF Corp. are Dodge & Cox Stock Fund, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund. Dodge & Cox Stock Fund owns 20.77 million shares of the company’s stock, all valued at over $390.39 million. The company bought an additional 20.77 million shares recently to bring their total holdings to about 5.34% of the shares outstanding. Vanguard Total Stock Market ETF bought 9990.0 shares to see its total holdings expand to 11.0 million shares valued at over $206.75 million and representing 2.83% of the shares outstanding. Vanguard Small Cap Index Fund sold -0.15 million shares to bring its total holdings to over 8.91 million shares at a value of $167.57 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.29% of the shares outstanding.
However, the script later moved the day high at 17.48, up 1.76%. The company’s stock has a 5-day price change of 10.44% and -3.34% over the past three months. VFC shares are trading -7.71% year to date (YTD), with the 12-month market performance down to -41.95% 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 8.29 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 1.93%, -0.60%, and -6.84% respectively.
Institutional ownership of VF Corp. (NYSE: VFC) shares accounts for 88.63% of the company’s 388.67M shares outstanding. Mutual fund holders own 40.51%, while other institutional holders and individual stakeholders account for 48.63% and 23.20% respectively.
It has a market capitalization of $6.75B and a beta (3y monthly) value of 1.51. 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 4.23% over the week and 3.99% over the month.
Analysts forecast that VF Corp. (VFC) will achieve an EPS of $0.8 for the current quarter, $0.17 for the next quarter and $1.92 for 2025. The lowest estimate earnings-per-share for the quarter is $0.57 while analysts give the company a high EPS estimate of $0.95. Comparatively, EPS for the current quarter was $1.12 a year ago. Earnings per share for the fiscal year are expected to decrease by -29.26%, and 29.25% 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.
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.
