VF Corp (NYSE:VFC) Short Interest Update

VF Corp (NYSE:VFC) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 15,618,433 shares, a decrease of 24.5% from the October 13th total of 20,689,805 shares. Approximately 4.0% of the shares of the company are sold short. Based on an average daily volume of 3,133,121 shares, the days-to-cover ratio is currently 5.0 days.

Several research firms have recently weighed in on VFC. Citigroup lifted their price objective on shares of VF from $59.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Canaccord Genuity lifted their price objective on shares of VF from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Cowen set a $69.00 price target on shares of VF and gave the company a “hold” rating in a research note on Monday, October 23rd. Piper Jaffray Companies boosted their price target on shares of VF to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, October 24th. Finally, UBS restated a “buy” rating and set a $77.00 price target (up previously from $66.00) on shares of VF in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. VF presently has a consensus rating of “Hold” and a consensus target price of $65.84.

VF (NYSE:VFC) traded up $1.29 during midday trading on Wednesday, reaching $71.68. 2,272,921 shares of the company’s stock traded hands, compared to its average volume of 3,067,168. The stock has a market capitalization of $28,142.52, a P/E ratio of 23.43, a PEG ratio of 2.28 and a beta of 0.80. VF has a 1-year low of $48.05 and a 1-year high of $74.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.47.

VF (NYSE:VFC) last released its quarterly earnings data on Monday, October 23rd. The textile maker reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.11. VF had a net margin of 8.24% and a return on equity of 29.22%. The business had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the prior year, the firm earned $1.20 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. equities research analysts expect that VF 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. Investors of record on Friday, December 8th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.57%. This is a boost from VF’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, December 7th. VF’s dividend payout ratio is 70.89%.

In other VF news, VP Aidan O’meara sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $69.97, for a total value of $349,850.00. Following the transaction, the vice president now directly owns 96,344 shares of the company’s stock, valued at approximately $6,741,189.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Steven E. Rendle sold 65,604 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $70.57, for a total transaction of $4,629,674.28. Following the completion of the transaction, the chief executive officer now directly owns 162,235 shares in the company, valued at $11,448,923.95. The disclosure for this sale can be found here. Insiders sold 254,660 shares of company stock worth $18,035,832 over the last three months. Insiders own 1.60% of the company’s stock.

Several hedge funds have recently bought and sold shares of VFC. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of VF by 44.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,000 shares of the textile maker’s stock worth $111,000 after purchasing an additional 3,372 shares during the last quarter. Ronald Blue & Co. LLC bought a new position in shares of VF in the second quarter worth approximately $203,000. WASHINGTON TRUST Co bought a new position in shares of VF in the third quarter worth approximately $210,000. Dorsey & Whitney Trust CO LLC bought a new position in shares of VF in the third quarter worth approximately $215,000. Finally, RNC Capital Management LLC increased its position in shares of VF by 1.5% in the second quarter. RNC Capital Management LLC now owns 4,135 shares of the textile maker’s stock worth $238,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 85.74% of the company’s stock.

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About VF

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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