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VF Corp. (VFC) Looks Ready for Growth Despite -24.04% Change This Year

MQ Stock

VF Corp. (NYSE: VFC) is -24.04% lower on its value in year-to-date trading and has touched a low of $12.85 and a high of $23.58 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VFC stock was last observed hovering at around $15.30 in the last trading session, with the day’s loss setting it -1.02%.

Currently trading at $14.28, the stock is -5.56% and -10.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 81.22 million and changing -6.67% at the moment leaves the stock -18.53% off its SMA200. VFC registered -35.73% loss for a year compared to 6-month loss of -19.19%. The firm has a 50-day simple moving average (SMA 50) of $1.14 and a 200-day simple moving average (SMA200) of $24.61.

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The stock witnessed a -12.07% gain in the last 1 month and extending the period to 3 months gives it a -24.04%, and is -1.31% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.68% over the week and 3.44% over the month.

VF Corp. (VFC) has around 33000 employees, a market worth around $5.55B and $10.81B in sales. Fwd P/E is 10.67. Profit margin for the company is -7.08%. Distance from 52-week low is 11.13% and -39.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.57%).

VF Corp. quarterly earnings per share for the current quarter are estimated at $0.02 with sales reaching $2.43B over the same period.The EPS is expected to shrink by -48.17% this year, but quarterly earnings will post -9.50% year-over-year. Quarterly sales are estimated to shrink -11.40% in year-over-year returns.

VF Corp. (VFC) Top Institutional Holders

891 institutions hold shares in VF Corp. (VFC), with institutional investors hold 89.37% of the company’s shares. The shares outstanding are 388.67M, and float is at 366.49M with Short Float at 8.20%. Institutions hold 88.54% of the Float.

The top institutional shareholder in the company is PNC Financial Services Group, Inc. with over 77.02 million shares valued at $1.47 billion. The investor’s holdings represent 19.81% of the VFC Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 40.76 million shares valued at $778.2 million to account for 10.48% of the shares outstanding. The other top investors are Blackrock Inc. which holds 24.35 million shares representing 6.26% and valued at over $464.8 million, while Northern Trust Corporation holds 6.04% of the shares totaling 23.5 million with a market value of $448.63 million.

VF Corp. (VFC) Insider Activity

The most recent transaction is an insider purchase by Carucci Richard,the company’sDirector. SEC filings show that Carucci Richard bought 20,000 shares of the company’s common stock on Feb 26 ’24 at a price of $15.53 per share for a total of $0.31 million. Following the purchase, the insider now owns 0.18 million shares.

VF Corp. disclosed in a document filed with the SEC on Feb 26 ’24 that Dorer Benno O (Director) sold a total of 4 shares of the company’s common stock. The trade occurred on Feb 26 ’24 and was made at $15.53 per share for $62.0. Following the transaction, the insider now directly holds 53625.0 shares of the VFC stock.

Still, SEC filings show that on Feb 13 ’24, CHUGG JULIANA L (Director) acquired 40 shares at an average price of $16.46 for $659.0. The insider now directly holds 6,718 shares of VF Corp. (VFC).

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