In yesterday’s Wall Street session, VF Corp (NYSE:VFC) shares traded at $18.65, down -3.32% from the previous session.
VFC stock price is now -4.46% away from the 50-day moving average and 16.82% away from the 200-day moving average. The market capitalization of the company currently stands at $7.26B.
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With the price target enhanced from $19 to $21, Telsey Advisory Group maintained Market Perform rating for VF Corp (NYSE: VFC). On October 14, 2024, Wells Fargo Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock reducing its target price from $16 to quote $15, while ‘Goldman’ rates the stock as ‘Neutral’
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 $4.29 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 $4.01 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 $23.09. As of last week, the company has a debt-to-equity ratio of 5.25, a current ratio of 1.30, and a quick ratio of 0.88. The fifty day moving average price for VFC is $19.5196 and a two-hundred day moving average price translates $15.9652 for the stock.
The latest earnings results from VF Corp (NYSE: VFC) was released for 2024-09-28. The net profit margin was -5.34% and return on equity was -28.60% for VFC. The company reported revenue of $2.76 billion for the quarter, compared to $2.92 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.55 percent.
