As of Thursday close, V.F. Corporation’s (NYSE:VFC) stock was up $0.38, moving up 1.96 percent to $19.76. The average number of shares traded per day over the past five days has been 5,888,560 shares. 4 times new highs have been achieved over the past 5 days, with a $0.56 gain in that time frame. In the last twenty days, the average volume was 6,145,505, while in the previous 50 days, it was 5,757,018.
Since last month, VFC stock rose 3.73%. Shares of the company fell to $18.31 on 08/03/23, the lowest level in the past month. A 52-week high of $44.82 was reached on 02/02/23 after having rallying from a 52-week low of $16.77. Since the beginning of this year, VFC’s stock price has dropped by -28.43% or -$7.85, and marked a new high 10 times. However, the stock has declined by -55.91% since its 52-week high.
VFC stock investors should be aware that V.F. Corporation (VFC) stock had its last reported insider trading activity 23 days ago on Aug 09. Carucci Richard, the Director of the company, purchased of 40,000 shares for $19.09 on Aug 09. It resulted in a $763,644 investment by the insider. Roberts Carol L added 7,109 shares at an average price of $21.07 on Mar 15. The insider now owns 7,109 shares following the transaction. On Feb 13, Director CHUGG JULIANA L bought 15,000 shares at $26.69 apiece. The transaction was valued at $400,305.
Valuation Metrics
Right now, V.F. Corporation (VFC) has a P/E ratio of about 346.67. The stock’s beta is 1.47. Besides these, the trailing price-to-sales (P/S) ratio of 0.68, the price-to-book (PB) ratio of 2.82.
The latest dividend of $0.30 per share was paid out, remained unchanged from last year’s $0.30. On Tuesday February 7 2023, a $0.21 dividend decrease was announced.
Financial Health
In the three months ended June 29, V.F. Corporation’s quick ratio stood at 0.60, while its current ratio was 1.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.11, and the total debt-to-equity ratio was 2.47. On the profitability front, the trailing twelve-month gross margin is 52.30% percent. In the year ended June 29, EBITDA margin amounted to 14.32%, whereas operating margins totaled 1.40%. Based on annual data, VFC earned $6.1 billion in gross profit and brought in $11.61 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.20%. Return on equity (ROE) for the past 12 months was 3.90%.
In V.F. Corporation’s quarter-end financial report for June 29, it reported total debt of $5.72 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. VFC’s revenue fell -8.4% to $2.74 billion during the quarter, while net income inched up to $2.09 billion. While analysts expected V.F. Corporation to report -$0.11 quarterly earnings, the actual figure was -$0.15 per share, beating the consensus estimate by -36.40%. During the quarter, the company generated $153.81 million in EBITDA. The liabilities of V.F. Corporation were 11.33 billion at the end of its most recent quarter ended June 29, and its total debt was $7.87 billion. The value of shareholders’ equity is $388.87 million.
Technical Picture
This quick technical analysis looks at V.F. Corporation’s (VFC) price momentum. With a historical volatility rate of 49.26%, the RSI 9-day stood at 52.93% on 31 August.
With respect to its five-day moving average, the current V.F. Corporation price is up by +2.92% percent or $0.56. At present, VFC shares trade +3.78% above its 20-day simple moving average and -9.36% percent below its 100-day simple moving average. However, the stock is currently trading approximately +3.29% above its SMA50 and -40.73% below its SMA200.
Stochastic coefficient K was 41.15% and Stochastic coefficient D was 33.86%, while ATR was 0.71. Given the Stochastic reading of 52.51% for the 14-day period, the RSI (14) reading has been calculated as 51.79%. As of today, the MACD Oscillator reading stands at 0.09, while the 14-day reading stands at -0.19.
Analyst Ratings
Wells Fargo upgraded its rating on V.F. Corporation (NYSE: VFC) to an Equal weight in a note to investors on May 05, 2023. The analysts firm previously had an Underweight rating on the stock.V.F. Corporation (VFC) has been rated Overweight by analysts. According to 1 brokerage firm, VFC is a sell, and 12 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate V.F. Corporation stock as buy, with 9 recommending it as overweight.
With a median target price of $22.60, the current consensus forecast for the stock is $18.00 – $33.00. Based on these forecasts, analysts predict V.F. Corporation (VFC) will achieve an average price target of $23.61.
