V.F. Corporation (NYSE: VFC) stock fell -4.90% on Thursday to $17.45 against a previous-day closing price of $18.35. With 11.53 million shares changed hands, the volume of the stock remained heavier than its average volume of 8.08 million shares. During the session, the Apparel Manufacturing company that operates in wider Consumer Cyclical sector, reached to the highest price of $18.58 whereas the lowest price it dropped to was $17.43. The 52-week range on VFC shows that it touched its highest point at $51.40 and its lowest point at $18.03 during that stretch. It currently has a 1-year price target of $27.69. With its current market cap of 7.39 billion, VFC has annualized dividend of $1.20 while the current yield stands at 6.88%. Beta for the stock currently stands at 1.47.
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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 -15.98%, but this was down by -21.61% over a month. Three-month performance dropped to -27.83% while six-month performance fell -48.17%. The stock lost -61.64% in the past year, while it has lost -36.80% so far this year. A look at the trailing 12-month EPS for VFC yields 1.06 with Next year EPS estimates of 2.18. For the next quarter, that number is 0.14. This implies an EPS growth rate of 242.40% for this year and 5.06% for next year. EPS is expected to decline by -6.00% 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, 387.74 million VFC shares are outstanding with a float of 387.27 million shares on hand for trading. On Apr 27, 2023, short shares totaled 16.67 million, which was 4.29% higher than short shares on Mar 30, 2023. In addition to Mr. Benno O. Dorer as the firm’s Interim Pres, CEO & Director, Mr. Matthew H. Puckett serves as its Exec. VP & CFO.
Through their ownership of 82.18% of VFC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.78% of VFC, in contrast to 33.07% held by mutual funds. Shares owned by individuals account for 23.00%. As the largest shareholder in VFC with 10.06% of the stake, The Vanguard Group, Inc. holds 39,102,518 shares worth 39,102,518. A second-largest stockholder of VFC, PNC Bank, NA, holds 38,526,713 shares, controlling over 9.91% of the firm’s shares. Northern Trust Investments, Inc. is the third largest shareholder in VFC, holding 24,391,513 shares or 6.28% stake. With a 2.81% stake in VFC, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 10,921,491 shares are owned by the mutual fund manager. The Vanguard Mid Cap Index Fund, which owns about 2.10% of VFC stock, is the second-largest Mutual Fund holder. It holds 8,166,253 shares valued at 191.99 million. Washington Mutual Investors Fund holds 1.79% of the stake in VFC, owning 6,963,067 shares worth 163.7 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 31, 2023, VFC reported revenue of $2.26B and operating income of $63.36M. The EBITDA in the recently reported quarter was $130.12M and diluted EPS was -$0.14.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VFC since 0 analysts follow the stock currently. 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 $38.00 and a low target of $18.00, the average target price over the next 12 months is $24.71. Based on these targets, VFC could surge 117.77% to reach the target high and rise by 3.15% to reach the target low. Reaching the average price target will result in a growth of 41.6% 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.
Summary of Insider Activity:
Insiders traded VFC stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 85,357 shares were bought while 0 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 289,283 while 677 shares were sold.