The Time Is Right To Purchase VF Corp (NYSE: VFC)

During the recent session, VF Corp (NYSE:VFC)’s traded shares were 1.36 million, with the beta value of the company hitting 1.54. At the last check today, the stock’s price was $21.13, reflecting an intraday gain of 2.01% or $0.42. The 52-week high for the VFC share is $23.09, that puts it down -9.28 from that peak though still a striking 47.94% gain since the share price plummeted to a 52-week low of $11.00. The company’s market capitalization is $8.23B, and the average intraday trading volume over the past 10 days was 12.24 million shares, and the average trade volume was 7.73 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 2.88. 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 0.33.

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VF Corp (NYSE:VFC) trade information

VF Corp (VFC) registered a 2.01% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.01% in intraday trading to $21.13, hitting a weekly high. The stock’s 5-day price performance is 26.28%, and it has moved by 8.18% in 30 days. Based on these gigs, the overall price performance for the year is 61.28%. The short interest in VF Corp (NYSE:VFC) is 42.94 million shares and it means that shorts have 6.25 day(s) to cover.

The consensus price target of analysts on Wall Street is $20, which implies a decrease of -5.65% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10 and $90 respectively. As a result, VFC is trading at a discount of -325.93% off the target high and 52.67% off the low.

VF Corp (VFC) estimates and forecasts

Statistics show that VF Corp has underperformed its competitors in share price, compared to the industry in which it operates. VF Corp (VFC) shares have gone up 67.54% during the last six months, with a year-to-date growth rate less than the industry average at -35.14% against -1.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -42.10% this quarter and then jump 59.40% in the quarter after that. In the rating firms’ projections, revenue will decrease -8.70% 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 2.75B as predicted by 17 analyst(s). Meanwhile, a consensus of 17 analyst(s) estimates revenue growth to 2.26B by the end of current fiscal year.

While earnings are projected to return -38.47% in 2024, the next five years will return 12.56% per annum.

VFC Dividends

VF Corp is due to release its next quarterly earnings on 2025-Feb-04. 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 0.36, with the dividend yield indicating at 1.70 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 4.46%.

VF Corp (NYSE:VFC)’s Major holders

VF Corp insiders own 0.35% of total outstanding shares while institutional holders control 97.74%, with the float percentage being 98.08%. PNC FINANCIAL SERVICES GROUP, INC. is the largest shareholder of the company, while 727.0 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.