VF Corp. (NYSE: VFC) stock jumped 0.12% on Friday to $17.21 against a previous-day closing price of $17.19. With 7.87 million shares changed hands, the volume of the stock remained lighter than its average volume of 8.87 million shares. During the session, the Apparel Manufacturing company that operates in wider Consumer Cyclical sector, reached to the highest price of $17.66 whereas the lowest price it dropped to was $17.15. The 52-week range on VFC shows that it touched its highest point at $34.44 and its lowest point at $12.85 during that stretch. It currently has a 1-year price target of $18.80. With its current market cap of 6.69 billion, VFC has annualized dividend of $0.78 while the current yield stands at 4.53%. Beta for the stock currently stands at 1.53.
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 up-trending over the past week, with a rise of 15.50%, but this was down by -7.27% over a month. Three-month performance dropped to -15.47% while six-month performance fell -9.75%. The stock lost -46.50% in the past year, while it has lost -37.67% so far this year. A look at the trailing 12-month EPS for VFC yields -0.55 with Next year EPS estimates of 1.94. For the next quarter, that number is 0.82. This implies an EPS growth rate of -27.67% for this year and 27.45% for next year. EPS is expected to grow by 0.85% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -34.44%.
Float and Shares Shorts:
At present, 388.67 million VFC shares are outstanding with a float of 366.73 million shares on hand for trading. On Oct 30, 2023, short shares totaled 31.52 million, which was 8.10% higher than short shares on Sep 28, 2023. In addition to Mr. Matthew H. Puckett as the firm’s Executive VP & CFO, Mr. Martino Scabbia Guerrini serves as its EVP and President of Europe, Middle East, Africa (EMEA), APAC (Asia Pacific) & Emerging Brands.
Through their ownership of 85.46% of VFC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 46.61% of VFC, in contrast to 44.72% held by mutual funds. Shares owned by individuals account for 23.20%. As the largest shareholder in VFC with 10.24% of the stake, The Vanguard Group, Inc. holds 39,804,956 shares worth 39,804,956. A second-largest stockholder of VFC, PNC Bank, NA, holds 38,546,271 shares, controlling over 9.91% of the firm’s shares. Dodge & Cox is the third largest shareholder in VFC, holding 32,115,750 shares or 8.26% stake. With a 5.34% stake in VFC, the Dodge & Cox Stock Fund is the largest stakeholder. A total of 20,765,500 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.82% of VFC stock, is the second-largest Mutual Fund holder. It holds 10,973,261 shares valued at 161.64 million. Vanguard Small Cap Index Fund holds 2.32% of the stake in VFC, owning 9,028,938 shares worth 133.0 million.
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 $33.00 and a low target of $15.00, the average target price over the next 12 months is $18.80. Based on these targets, VFC could surge 91.75% to reach the target high and fall by -12.84% to reach the target low. Reaching the average price target will result in a growth of 9.24% from current levels.
Summary of Insider Activity:
Insiders traded VFC stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 429,231 while 39,093 shares were sold.