In yesterday’s Wall Street session, VF Corp. (NYSE:VFC) shares traded at $12.73, up 1.11% from the previous session.
VFC stock price is now -9.12% away from the 50-day moving average and -23.69% away from the 200-day moving average. The market capitalization of the company currently stands at $4.95B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $18 to $14, Exane BNP Paribas Downgraded its rating from Outperform to Neutral for VF Corp. (NYSE: VFC). On February 07, 2024, Goldman Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $19 to quote $14, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Carucci Richard, Director bought 20,000 shares of the company’s stock on Feb 26 ’24. The stock was bought for $310,620 at an average price of $15.53. Upon completion of the transaction, the Director now directly owns 182,810 shares in the company, valued at $2.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 26 ’24, Director Dorer Benno O sold 4 shares of the business’s stock. A total of $62 was realized by selling the stock at an average price of $15.53. This leaves the insider owning 53,625 shares of the company worth $0.68 million. A total of 5.74% of the company’s stock is owned by insiders.
During the past 12 months, VF Corp. has had a low of $11.91 and a high of $22.63. As of last week, the company has a debt-to-equity ratio of 3.48, a current ratio of 1.23, and a quick ratio of 0.70.
The net profit margin was -7.08% and return on equity was -28.20% for VFC. The company reported revenue of $2.96 billion for the quarter, compared to $3.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.16 percent.
