Somewhat Positive News Coverage Somewhat Unlikely to Impact V.F. Corporation (VFC) Stock Price
News headlines about V.F. Corporation (NYSE:VFC) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. V.F. Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the textile maker an impact score of 46.1424468278216 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s analysis:
- Watching the Tape Move for VF Corp (VFC) and Kimberly-Clark Corp (KMB) – FLBC News (flbcnews.com)
- U.S. acknowledges more troops in Afghanistan than previously stated (feeds.reuters.com)
- Insider Trading Activity V.F. Corporation (NYSE:VFC) – Chairman Sold 110,943 shares of Stock (4-traders.com)
- PVH Corp and Its Peers: Stock Returns, Valuations, Earnings (finance.yahoo.com)
Shares of V.F. Corporation (VFC) opened at 62.54 on Thursday. V.F. Corporation has a 12 month low of $48.05 and a 12 month high of $64.90. The company’s 50 day moving average price is $60.62 and its 200-day moving average price is $55.78. The stock has a market capitalization of $24.62 billion, a P/E ratio of 23.86 and a beta of 0.78.
V.F. Corporation (NYSE:VFC) last posted its earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.31 billion. V.F. Corporation had a net margin of 9.23% and a return on equity of 27.44%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. Equities analysts predict that V.F. Corporation will post $2.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 8th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.68 dividend on an annualized basis and a yield of 2.69%. V.F. Corporation’s dividend payout ratio is presently 64.86%.
Several equities research analysts recently commented on VFC shares. Buckingham Research restated a “neutral” rating and set a $55.00 target price on shares of V.F. Corporation in a research report on Monday, July 17th. Bank of America Corporation reiterated an “underperform” rating and issued a $50.00 price target (up previously from $47.00) on shares of V.F. Corporation in a report on Tuesday, August 15th. Canaccord Genuity reiterated a “hold” rating and issued a $53.00 price target on shares of V.F. Corporation in a report on Friday, May 26th. Macquarie reiterated an “outperform” rating and issued a $70.00 price target (up previously from $69.00) on shares of V.F. Corporation in a report on Tuesday, July 25th. Finally, Susquehanna Bancshares Inc upgraded V.F. Corporation from a “neutral” rating to a “positive” rating and increased their price target for the stock from $53.00 to $70.00 in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $60.15.
In related news, Chairman Eric C. Wiseman sold 110,943 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $63.65, for a total transaction of $7,061,521.95. Following the completion of the transaction, the chairman now directly owns 660,806 shares in the company, valued at $42,060,301.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Alan Mccollough sold 22,852 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $62.94, for a total transaction of $1,438,304.88. Following the transaction, the director now owns 36,353 shares of the company’s stock, valued at $2,288,057.82. The disclosure for this sale can be found here. Insiders have sold 163,131 shares of company stock valued at $10,334,500 over the last 90 days. 1.60% of the stock is currently owned by insiders.
About V.F. Corporation
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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