In today’s recent session, 0.58 million shares of the VF Corp (NYSE:VFC) have been traded, and its beta is 1.53. Most recently the company’s share price was $19.22, and it changed around -$0.37 or -1.89% from the last close, which brings the market valuation of the company to $7.48B. VFC at last check was trading at a discount to its 52-week high of $23.09, offering almost -20.14% off that amount. The share price’s 52-week low was $11.00, which indicates that the recent value has risen by an impressive 42.77% since then. We note from VF Corp’s average daily trading volume that its 10-day average is 5.74 million shares, with the 3-month average coming to 7.06 million.
VF Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.88. If we narrow it down even further, the data shows that 2 out of 25 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 13 recommended VFC as a Hold, whereas 5 deemed it a Buy, and 1 rated it as Underweight. VF Corp is expected to report earnings per share of 0.33 for the current quarter.
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VF Corp (NYSE:VFC) trade information
Instantly VFC has been showing red trend so far today with a performance of -1.89% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 20.71 on recent trading dayincreased the stock’s daily price by 7.19%. The company’s shares are currently up 2.23% year-to-date, but still down -5.18% over the last five days. On the other hand, VF Corp (NYSE:VFC) is 5.72% up in the 30-day period. We can see from the shorts that 34.97 million shares have been sold at a short interest cover period of 4.12 day(s).
The consensus price target as assigned by Wall Street analysts is $20, which translates to bulls needing to increase their stock price by 3.9% from its current value. Analyst projections state that VFC is forecast to be at a low of $10 and a high of $90.
VF Corp (VFC) estimates and forecasts
VF Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 54.25 percent over the past six months and at a -33.78% annual growth rate that is well below the industry average of -0.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -42.02% in revenue this quarter, and will report an increase of 61.63% in the next quarter. The year-over-year growth rate is expected to be -8.60%, down from the previous year.
Consensus estimates provided by 18 financial analysts predict the company will bring in an average of 2.75B in revenue for the current quarter. 18 analysts expect VF Corp to make 2.26B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.96B and 2.37B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -7.25%. Forecasts for the next quarter put sales growth at -4.83%.
VF Corp earnings are expected to increase by -37.46% in 2024, but the outlook is positive 17.84% per year for the next five years.
VFC Dividends
VF Corp’s next quarterly earnings report is expected to be released on 2025-Feb-04. The annual dividend yield of the stock is 1.87 percent and its annual dividend per share was 0.36. It is important to note, however, that the 1.87% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.46 per year.
VF Corp (NYSE:VFC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.35% of VF Corp shares, and 97.24% of them are in the hands of institutional investors. The stock currently has a share float of 97.58%. VF Corp stock is held by 730.0 institutions, with PNC FINANCIAL SERVICES GROUP, INC. being the largest institutional investor. By 2024-06-30, it held 19.5997% of the shares, which is about 76.12 million shares worth $1.03 billion.
DODGE & COX, with 10.9581% or 42.56 million shares worth $574.52 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Dodge & Cox Stock Fund and iShares Core S&P Smallcap ETF were the top two Mutual Funds as of Jun 30, 2024. The former held 27.4 shares worth $528.99 million, making up 7.04% of all outstanding shares. On the other hand, iShares Core S&P Smallcap ETF held roughly 21.0 shares worth around $405.47 million, which represents about 5.39% of the total shares outstanding.
