VF Corp. (NYSE:VFC) saw a downside of -1.17% to $17.26 after subtracting -$0.21 on Monday. The 5-day average trading volume is 7,282,915 shares of the company’s common stock. It has gained $18.07 in the past week and touched a new high 2 times within the past 5 days. An average of 7,066,619 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,622,689.
VFC’s 1-month performance is -10.08% or -$1.61 on its low of $17.09 reached on 09/25/23. The company’s shares have touched a 52-week low of $16.77 and high of $36.50, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, VFC has lost -37.47% or -$10.35 and has reached a new high 10 times. However, the current price is down -52.70% from the 52-week high price.
Valuation Metrics
VFC stock has a beta of 1.47. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.59 while the price-to-book (PB) in the most recent quarter is 2.47.
VF Corp.’s quick ratio for the period ended June 29 was 0.64, with the current ratio over the same period at 1.37. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.53, while the total debt to equity was 2.90. In terms of profitability, the gross margin trailing 12 months is 51.24%. The trailing 12-month EBITDA margin is 14.32% while for the period ending June 29, VF Corp.’s operating margin was 8.15%. The firm’s gross profit as reported stood at $6.1 billion against revenue of $11.61 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 2.56% to -$57.43 million, while revenue of -$214.89 million was -274.18% off the previous quarter. Analysts expected VFC to announce -$0.11 per share in earnings in its latest quarter, but it posted -$0.15, representing a -36.40% surprise. EBITDA for the quarter stood at more than $153.81 million. VFC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 11.33 billion, with total debt at $7.87 billion. Shareholders hold equity totaling $388.87 million.
Let’s look briefly at VF Corp. (VFC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 34.32% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.92%.
The stock’s 5-day moving average is $17.61, reflecting a -0.38% or -$0.07 change from its current price. VFC is currently trading -8.51% above its 20-day SMA, -20.77% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -10.03% and SMA200 by-41.26%.
Stochastic %K and %D was 8.99% and 12.95% and the average true range (ATR) pointed at 0.59. The RSI (14) points at 37.73%, while the 14-day stochastic is at 6.45% with the period’s ATR at 0.64. The stock’s 9-day MACD Oscillator is pointing at -0.24 and -0.59 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for VF Corp. (NYSE: VFC), Piper Sandler downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for VFC stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate VFC as a “sell,”, while 12 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 have offered a “buy” rating.
What is VFC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $18.00 and a high of $33.00, with their median price target at $21.50. Looking at these predictions, the average price target given by analysts is for VF Corp. (VFC) stock is $23.17.
