VF Corp. (NYSE:VFC) shares, rose in value, with the stock price down by -0.51% to the previous day’s close as strong demand from buyers drove the stock to $13.76.
Actively observing the price movement in the last trading, the stock closed the session at $13.83. The value of beta (5-year monthly) was 1.51. Referring to stock’s 52-week performance, its high was $23.58, and the low was $12.85. On the whole, VFC has fluctuated by -13.02% over the past month.
With the market capitalization of VF Corp. currently standing at about $5.35 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 21, 2024 – May 27, 2024. The company’s Forward Dividend Ratio is 0.78, with its dividend yield at 5.67%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.02, which is expected to increase to -$0.08 for fiscal year $1.09 and then to about $1.36 by fiscal year 2025. Data indicates that the EPS growth is expected to be -48.10% in 2025, while the next year’s EPS growth is forecast to be 24.80%.
Analysts have estimated the company’s revenue for the quarter at $2.43 billion, with a low estimate of $2.34 billion and a high estimate of $2.52 billion. According to the average forecast, sales growth in current quarter could jump down -11.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $10.51 billion, representing a decrease of -9.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that VFC’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of VFC currently trading nearly -7.36% and -12.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.82, while the 7-day volatility ratio is showing 3.44% which for the 30-day chart, stands at 3.36%. Furthermore, VF Corp. (VFC)’s beta value is 1.49, and its average true range (ATR) is 0.59.
A comparison of VF Corp. (VFC) with its peers suggests the former has fared considerably weaker in the market. VFC showed an intraday change of -0.51% in last session, and over the past year, it shrunk by -38.32%%.
Data on historical trading for VF Corp. (NYSE:VFC) indicates that the trading volumes over the past 10 days have averaged 14.26 million and over the past 3 months, they’ve averaged 9.62 million. According to company’s latest data on outstanding shares, there are 388.67 million shares outstanding.
Nearly 5.74% of VF Corp.’s shares belong to company insiders and institutional investors own 87.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 30.07 million shares as on Mar 15, 2024, resulting in a short ratio of 3.28. According to the data, the short interest in VF Corp. (VFC) stood at 7.73% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 34.46 million. The stock has fallen by -26.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VFC stock heading into the next quarter.
