In yesterday’s Wall Street session, VF Corp. (NYSE:VFC) shares traded at $16.38, up 2.18% from the previous session.
VFC stock price is now 23.14% away from the 50-day moving average and 6.83% away from the 200-day moving average. The market capitalization of the company currently stands at $6.37B.
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With the price target enhanced from $11 to $20, Citigroup Upgraded its rating from Neutral to Buy for VF Corp. (NYSE: VFC). On July 18, 2024, Telsey Advisory Group reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $13 to quote $15, while the Telsey Advisory Group previously rated the stock as ‘Market Perform’ on May 23, 2024.
In other news, Carucci Richard, Director bought 25,000 shares of the company’s stock on Jun 13 ’24. The stock was bought for $344,495 at an average price of $13.78. Upon completion of the transaction, the Director now directly owns 215,130 shares in the company, valued at $3.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 10 ’24, President & Chief Exec Officer Darrell Bracken bought 75,200 shares of the business’s stock. A total of $997,408 was incurred on buying the stock at an average price of $13.26. This leaves the insider owning 219,972 shares of the company worth $3.6 million. A total of 5.67% 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 $13.4018 and a two-hundred day moving average price translates $15.3168 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.
