Shares are trading at $69.95 just above the 50 day moving average which is $63.78 and which is quite a bit higher than the 200 day moving average of $58.96. The 50 day moving average went up by +9.68% and the 200 day average was up $10.99. Trading was heavy with 4,613K shares changing hands in the last trading session. Overall, volume was up 126.67% over the stocks normal daily volume.
Investors are more bullish on shares of V.F. Corporation of late if you look at the decrease in short interest. The stock realized a fall in short interest from September 15, 2017 to September 29, 2017 of -3.92%. Short shares fell from 20,967,189 to 20,144,364 over that timeframe. With short interest at 20,144,364 and short average daily volume at 2,039,853, days to cover is 10.0 and the short interest percentage is 0.05% as of September 29.
V.F. Corporation (NYSE:VFC) has been the object of insider selling activity recently. Eric C. Wiseman, Chairman reported the sale of 110,943 shares of VFC stock. The shares were sold on August 25th for an average price of $63.65. Wiseman now owns $34,998,780 of the stock per the Form 4 SEC filing. W. Alan Mccollough, Director disclosed the sale of 22,852 shares of (VFC). The shares were purchased at an average price of $62.93. The Director now owns $849,618 of the stock according to the SEC filing.
A few notable investment firms have updated their holdings. As of the end of the quarter Diamond Hill Capital Management Inc had sold a total of 147,222 shares trimming its holdings by 4.1%. The value in dollars increased from $206,440,000 to $218,478,000 a change of 5.8% quarter to quarter. As of quarter end Financial Architects, Inc had disposed of 546 shares trimming its stake by 68.6%. The value of the investment in VFC went from $46,000 to $16,000 a change of $30,000 since the last quarter.
Mycio Wealth Partners, LLC divested its stake by shedding 8,915 shares a decrease of 17.3% as of 09/30/2017. Mycio Wealth Partners, LLC owns 42,693 shares with a value of $2,714,000. The value of the position overall is down by 8.7%. As of quarter end Robeco Institutional Asset Management B.v. had bought 77,898 shares growing its position 880.6%. The value of the total investment in V.F. Corporation increased from $510,000 to $5,513,000 increasing 981.0% quarter over quarter.
On August 14 the company was upgraded to “Neutral” from “Buy” and a price target of $62.00 was set in an announcement from Canaccord Genuity. Canaccord Genuity both upgraded the stock and lowered the price target on August 14 changing the price objective from $90.00 to $62.00 and setting the rating at “Neutral” which had previously been “Buy”.
August 15 investment analysts at Buckingham maintained a company rating of “Neutral” but raised the price expectation to $62.00 from $55.00. On September 12 analysts at Bernstein began coverage of the stock setting a rating of “Market Perform”.
On September 25, 2017 the stock rating was set at “Sector Weight” according to a KeyBanc report a cut from the previous “Overweight” rating. Equity analyst Pivotal Research added the stock to its research portfolio with an initial rating of “Buy”.
The company is unchanged from yesterday’s close of 69.95. The company declared a dividend which was paid on Monday the 18th of September 2017. The dividend payment was $0.420 per share for the quarter which comes to $1.68 on an annualized basis. The dividend yield was $2.57. The ex-dividend date was set for Thursday the 7th of September 2017.
The P/E ratio is currently 26.69 and market capitalization is 27.53B. As of the last earnings report the EPS was $2.62 and is projected to be $2.98 for the current year with 393,621,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $1.07 and the next full year EPS is anticipated to be $3.38.
V.F. Corporation (VF), incorporated in December 4, 1899, is involved in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Business’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. It owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories. Its products are marketed to consumers shopping in specialty stores, department stores, national chains, mass merchants and its own direct-to-consumer operations. Its direct-to-consumer business includes VF-operated stores, concession retail stores and e-commerce sites. Its brands sell products in international markets through licensees, distributors and independently-operated partnership stores. Its products were obtained from 27 VF-operated manufacturing facilities and approximately 1,600 contractor manufacturing facilities in over 50 countries, as of December 31, 2016. It also operated 33 distribution centers and 1,507 retail stores, as of December 31, 2016. It had a portfolio of over 30 brands across a spectrum of activities and lifestyles, as of December 31, 2016. Its brands primarily include The North Face, Vans, Timberland, Wrangler, Lee, Nautica and Kipling..