Stocks of VF Corp. (NYSE:VFC) traded higher last session on Wall Street, up 0.51% to $17.79.
VFC stock price is now 15.53% away from the 50-day moving average and 15.77% away from the 200-day moving average. The market capitalization of the company currently stands at $6.92B.
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With the price target enhanced from $15 to $19, Telsey Advisory Group maintained Market Perform rating for VF Corp. (NYSE: VFC). On July 18, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $11 to quote $20, while ‘Telsey Advisory Group’ rates the stock as ‘Market Perform’
In other news, Carucci Richard, Director bought 15,000 shares of the company’s stock on Aug 22 ’24. The stock was bought for $250,500 at an average price of $16.70. Upon completion of the transaction, the Director now directly owns 230,178 shares in the company, valued at $4.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13 ’24, Director Carucci Richard bought 25,000 shares of the business’s stock. A total of $344,495 was incurred on buying the stock at an average price of $13.78. This leaves the insider owning 215,130 shares of the company worth $3.83 million. A total of 5.70% 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 $20.69. As of last week, the company has a debt-to-equity ratio of 5.13, a current ratio of 0.99, and a quick ratio of 0.51. The fifty day moving average price for VFC is $15.482 and a two-hundred day moving average price translates $15.3771 for the stock.
The latest earnings results from VF Corp. (NYSE: VFC) was released for 2024-06-30. The net profit margin was -11.38% and return on equity was -57.02% for VFC. The company reported revenue of $1.91 billion for the quarter, compared to $2.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.58 percent.
