V.F. Corporation (NYSE: VFC) stock jumped 0.83% on Friday to $45.15 against a previous-day closing price of $44.78. With 2.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.65 million shares. During the session, the Apparel Manufacturing company that operates in wider Consumer Cyclical sector, reached to the highest price of $45.69 whereas the lowest price it dropped to was $44.70. The 52-week range on VFC shows that it touched its highest point at $81.78 and its lowest point at $43.08 during that stretch. It currently has a 1-year price target of $54.14. With its current market cap of 18.40 billion, VFC has annualized dividend of $2.00 while the current yield stands at 4.43%. Beta for the stock currently stands at 1.43.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VFC was down-trending over the past week, with a drop of -7.04%, but this was up by 1.01% over a month. Three-month performance dropped to -13.26% while six-month performance fell -30.90%. The stock lost -43.04% in the past year, while it has lost -38.34% so far this year. A look at the trailing 12-month EPS for VFC yields 3.09 with Next year EPS estimates of 3.50. For the next quarter, that number is 1.02. This implies an EPS growth rate of 242.40% for this year and 12.24% for next year. EPS is expected to grow by 22.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 11.30%.
Float and Shares Shorts:
At present, 387.60 million VFC shares are outstanding with a float of 367.24 million shares on hand for trading. On Jul 14, 2022, short shares totaled 18.29 million, which was 4.71% higher than short shares on Jun 14, 2022. In addition to Mr. Steven E. Rendle as the firm’s Exec. Chairman, Pres & CEO, Mr. Matt H. Puckett serves as its Exec. VP & CFO.
Through their ownership of 86.52% of VFC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 45.71% of VFC, in contrast to 41.89% held by mutual funds. Shares owned by individuals account for 22.93%. As the largest shareholder in VFC with 10.01% of the stake, The Vanguard Group, Inc. holds 38,867,140 shares worth 38,867,140. A second-largest stockholder of VFC, PNC Bank, NA, holds 38,774,842 shares, controlling over 9.99% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in VFC, holding 27,762,574 shares or 7.15% stake. With a 3.68% stake in VFC, the Washington Mutual Investors Fund is the largest stakeholder. A total of 14,301,098 shares are owned by the mutual fund manager. The American Balanced Fund, which owns about 2.79% of VFC stock, is the second-largest Mutual Fund holder. It holds 10,838,568 shares valued at 478.74 million. Vanguard Total Stock Market Index holds 2.66% of the stake in VFC, owning 10,329,513 shares worth 456.25 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VFC since 25 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 13 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With VFC analysts setting a high price target of $85.00 and a low target of $35.00, the average target price over the next 12 months is $52.57. Based on these targets, VFC could surge 88.26% to reach the target high and fall by -22.48% to reach the target low. Reaching the average price target will result in a growth of 16.43% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. VFC will report FY 2023 earnings on 05/19/2023. Analysts have provided yearly estimates in a range of $3.26 being high and $2.78 being low. For VFC, this leads to a yearly average estimate of $3.07. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. V.F. Corporation surprised analysts by -$0.04 when it reported $0.09 EPS against a consensus estimate of $0.13. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $1.19 and the low estimate is $0.88. The average estimate for the next quarter is thus $1.01.
Summary of Insider Activity:
Insiders traded VFC stock several times over the past three months with 22 Buys and 1 Sells. In these transactions, 65,751 shares were bought while 677 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 108,220 while 14,960 shares were sold.