The stock of VF Corp. (NYSE:VFC) last traded at $16.73, up 0.97% from the previous session.
VFC stock price is now -9.55% away from the 50-day moving average and 7.15% away from the 200-day moving average. The market capitalization of the company currently stands at $6.51B.
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 $16 to $15, Wells Fargo Downgraded its rating from Equal Weight to Underweight for VF Corp. (NYSE: VFC). On October 11, 2024, Goldman recently initiated its ‘Neutral’ rating on the stock quoting a target price of $20, while ‘Jefferies’ rates the stock as ‘Hold’
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 $3.85 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 $3.6 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 $21.40. 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 $18.4958 and a two-hundred day moving average price translates $15.6129 for the stock.
The latest earnings results from VF Corp. (NYSE: VFC) was released for 2024-06-29. 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.
