VF Corp. (NYSE: VFC) Rose 12.13% In Six Months, Here’s What We Should Expect Now

During the last session, VF Corp. (NYSE:VFC)’s traded shares were 9.41 million, with the beta value of the company hitting 1.55. At the end of the trading day, the stock’s price was $18.21, reflecting an intraday loss of -1.19% or -$0.22. The 52-week high for the VFC share is $20.69, that puts it down -13.62 from that peak though still a striking 39.59% gain since the share price plummeted to a 52-week low of $11.00. The company’s market capitalization is $7.09B, and the average intraday trading volume over the past 10 days was 4.94 million shares, and the average trade volume was 7.60 million shares over the past three months.

VF Corp. (VFC) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.82. VFC has a Sell rating from 1 analyst(s) out of 18 analysts who have looked at this stock. 9 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.42.

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VF Corp. (NYSE:VFC) trade information

VF Corp. (VFC) registered a -1.19% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.19% in intraday trading to $18.21, hitting a weekly high. The stock’s 5-day price performance is 6.62%, and it has moved by 10.10% in 30 days. Based on these gigs, the overall price performance for the year is -6.04%. The short interest in VF Corp. (NYSE:VFC) is 42.27 million shares and it means that shorts have 4.85 day(s) to cover.

The consensus price target of analysts on Wall Street is $19, which implies an increase of 4.16% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $90 respectively. As a result, VFC is trading at a discount of -394.23% off the target high and 67.05% off the low.

VF Corp. (VFC) estimates and forecasts

Statistics show that VF Corp. has outperformed its competitors in share price, compared to the industry in which it operates. VF Corp. (VFC) shares have gone up 12.13% during the last six months, with a year-to-date growth rate more than the industry average at 6.76% against -2.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -33.30% this quarter and then drop -1.80% in the quarter after that. In the rating firms’ projections, revenue will decrease -4.10% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.8B as predicted by 18 analyst(s). Meanwhile, a consensus of 18 analyst(s) estimates revenue growth to 2.94B by the end of current fiscal year.

While earnings are projected to return -18.59% in 2024, the next five years will return 23.75% per annum.

VFC Dividends

VF Corp. is due to release its next quarterly earnings on 2024-Oct-28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for VF Corp. is 0.57, with the dividend yield indicating at 3.13 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 4.47%.

VF Corp. (NYSE:VFC)’s Major holders

VF Corp. insiders own 0.36% of total outstanding shares while institutional holders control 97.92%, with the float percentage being 98.28%. PNC FINANCIAL SERVICES GROUP, INC. is the largest shareholder of the company, while 750.0 institutions own stock in it. As of 2024-06-30, the company held over 76.12 million shares (or 19.5997% of all shares), a total value of $1.03 billion in shares.

The next largest institutional holding, with 42.56 million shares, is of DODGE & COX’s that is approximately 10.9581% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $574.52 million.