The stock of VF Corp. (NYSE:VFC) last traded at $13.80, up 1.92% from the previous session.
VFC stock price is now 7.10% away from the 50-day moving average and -13.19% away from the 200-day moving average. The market capitalization of the company currently stands at $5.37B.
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 maintained at $13, Telsey Advisory Group recently Downgraded its rating from Outperform to Market Perform for VF Corp. (NYSE: VFC). On May 17, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $22 to quote $18, while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’
In other news, Darrell Bracken, President & Chief Exec Officer bought 75,200 shares of the company’s stock on Jun 10 ’24. The stock was bought for $997,408 at an average price of $13.26. Upon completion of the transaction, the President & Chief Exec Officer now directly owns 219,972 shares in the company, valued at $3.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 26 ’24, Director Carucci Richard bought 20,000 shares of the business’s stock. A total of $310,620 was incurred on buying the stock at an average price of $15.53. This leaves the insider owning 182,810 shares of the company worth $2.52 million. A total of 5.73% of the company’s stock is owned by insiders.
During the past 12 months, VF Corp. has had a low of $11.00 and a high of $21.17. As of last week, the company has a debt-to-equity ratio of 4.48, a current ratio of 1.22, and a quick ratio of 0.71. The fifty day moving average price for VFC is $12.8856 and a two-hundred day moving average price translates $15.8972 for the stock.
The latest earnings results from VF Corp. (NYSE: VFC) was released for 2024-03-30. The net profit margin was -9.26% and return on equity was -42.41% for VFC. The company reported revenue of $2.37 billion for the quarter, compared to $2.74 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.35 percent.
