Stocks of VF Corp. (NYSE:VFC) traded higher last session on Wall Street, up 0.31% to $12.86.
VFC stock price is now -6.75% away from the 50-day moving average and -22.45% away from the 200-day moving average. The market capitalization of the company currently stands at $5.00B.
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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 $2.35 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 $0.69 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 $21.83. 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.
According to the Apparel Manufacturing Company, earnings per share came in at 0.17, beating analysts’ expectations of 0.14 by 0.03. This compares to $1.31 EPS in the same period last year. 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. For the current quarter, analysts expect VFC to generate $2.42B in revenue.
