Insider Selling: V.F. Corporation (VFC) Director Sells $870,732.24 in Stock

V.F. Corporation (NYSE:VFC) Director Clarence Otis, Jr. sold 12,552 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $69.37, for a total value of $870,732.24. Following the completion of the transaction, the director now owns 26,053 shares in the company, valued at $1,807,296.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of V.F. Corporation (NYSE:VFC) opened at $69.63 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.47. V.F. Corporation has a 52 week low of $48.05 and a 52 week high of $71.95. The firm has a market capitalization of $27,514.22, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 2.36 and a beta of 0.79.

V.F. Corporation (NYSE:VFC) last issued its quarterly earnings data on Monday, October 23rd. The textile maker reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.11. V.F. Corporation had a return on equity of 29.22% and a net margin of 8.24%. The company had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. equities analysts predict that V.F. Corporation will post 3.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.46 per share. This is a boost from V.F. Corporation’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 2.64%. The ex-dividend date is Thursday, December 7th. V.F. Corporation’s payout ratio is presently 70.89%.

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Several brokerages have recently commented on VFC. DA Davidson boosted their price objective on V.F. Corporation to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, October 24th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $75.00 price objective (up from $70.00) on shares of V.F. Corporation in a research report on Tuesday, August 15th. Cowen and Company restated a “hold” rating and issued a $63.00 price objective on shares of V.F. Corporation in a research report on Thursday, September 21st. Stifel Nicolaus restated a “hold” rating and issued a $60.00 price objective (up from $57.00) on shares of V.F. Corporation in a research report on Monday, August 14th. Finally, Canaccord Genuity set a $53.00 price objective on V.F. Corporation and gave the company a “hold” rating in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company’s stock. V.F. Corporation currently has an average rating of “Hold” and an average target price of $65.45.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kopp Investment Advisors LLC grew its stake in shares of V.F. Corporation by 0.4% during the second quarter. Kopp Investment Advisors LLC now owns 11,558 shares of the textile maker’s stock valued at $666,000 after buying an additional 49 shares during the last quarter. RNC Capital Management LLC grew its stake in shares of V.F. Corporation by 1.5% during the second quarter. RNC Capital Management LLC now owns 4,135 shares of the textile maker’s stock valued at $238,000 after buying an additional 60 shares during the last quarter. Indiana Trust & Investment Management CO grew its stake in shares of V.F. Corporation by 1.1% during the second quarter. Indiana Trust & Investment Management CO now owns 6,462 shares of the textile maker’s stock valued at $372,000 after buying an additional 71 shares during the last quarter. Marshwinds Advisory Co. grew its stake in shares of V.F. Corporation by 0.6% during the second quarter. Marshwinds Advisory Co. now owns 16,850 shares of the textile maker’s stock valued at $971,000 after buying an additional 100 shares during the last quarter. Finally, Foster & Motley Inc. grew its stake in shares of V.F. Corporation by 2.7% during the second quarter. Foster & Motley Inc. now owns 5,095 shares of the textile maker’s stock valued at $293,000 after buying an additional 132 shares during the last quarter.

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.

Insider Buying and Selling by Quarter for V.F. Corporation (NYSE:VFC)

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