In the latest trading session, 4.09 million VF Corp. (NYSE:VFC) shares changed hands as the company’s beta touched 1.56. With the company’s most recent per share price at $18.32 changed hands at -$1.28 or -6.56% at last look, the market valuation stands at $7.13B. VFC’s current price is a discount, trading about -16.81% off its 52-week high of $21.40. The share price had its 52-week low at $11.00, which suggests the last value was 39.96% up since then. When we look at VF Corp.’s average trading volume, we note the 10-day average is 5.44 million shares, with the 3-month average coming to 6.64 million.
Analysts gave the VF Corp. (VFC) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.88. If we narrow down to specifics, the data shows that 1 out of 18 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 9 recommended VFC as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. VF Corp.’s EPS for the current quarter is expected to be 0.37.
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VF Corp. (NYSE:VFC) trade information
Instantly VFC was in red as seen in intraday trades today. With action -5.40%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -2.58%, with the 5-day performance at -5.40% in the red. However, in the 30-day time frame, VF Corp. (NYSE:VFC) is -1.80% down. Looking at the short shares, we see there were 36.47 million shares sold at short interest cover period of 5.13 days.
The consensus price target for the stock as assigned by Wall Street analysts is 19, meaning bulls need an upside of 3.58% from its recent market value. According to analyst projections, VFC’s forecast low is 6 with 90 as the target high. To hit the forecast high, the stock’s price needs a -391.27% plunge from its current level, while the stock would need to tank 67.25% for it to hit the projected low.
VF Corp. (VFC) estimates and forecasts
Data shows that the VF Corp. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 43.20% over the past 6 months, a -1.35% in annual growth rate that is considerably lower than the industry average of 0.00%. Year-over-year growth is forecast to reach -7.90% down from the last financial year.
Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 2.7B. 13 analysts are of the opinion that VF Corp.’s revenue for the current quarter will be 2.82B.
The 2024 estimates are for VF Corp. earnings to decrease by -30.82%, but the outlook for the next 5-year period is at 17.21% per year.
VFC Dividends
VF Corp. is expected to release its next quarterly earnings report on 2024-Oct-28. The 1.97% annual yield figure for the share gives it an annual dividend of 0.36. It is important to note, however, that the 1.97% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 4.47 per year.
VF Corp. (NYSE:VFC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.35% of VF Corp. shares while 97.41% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 97.75%. There are 97.41% institutions holding the VF Corp. stock share, with PNC FINANCIAL SERVICES GROUP, INC. the top institutional holder. As of 2024-06-30, the company held 19.5997% of the shares, roughly 76.12 million VFC shares worth $1.03 billion.
DODGE & COX holds the second largest percentage of outstanding shares, with 10.9581% or 42.56 million shares worth $574.52 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Dodge & Cox Stock Fund and iShares Core S&P Smallcap ETF. With 27.4 shares estimated at $499.81 million under it, the former controlled 7.04% of total outstanding shares. On the other hand, iShares Core S&P Smallcap ETF held about 5.40% of the shares, roughly 21.0 shares worth around $383.1 million.
