For V.F. Corporation [VFC], Analyst sees a drop to $50. What next?

V.F. Corporation [NYSE: VFC] traded at a high on 10/24/22, posting a 0.61 gain after which it closed the day’ session at $27.86. The company report on October 5, 2022 that VF Corporation Announces Second Quarter Fiscal 2023 Earnings and Conference Call Date.


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VF Corporation (NYSE: VFC) plans to release its second quarter fiscal 2023 financial results on Wednesday, October 26th, 2022 at approximately 4:05 p.m. ET. Following the news release, VF management will host a conference call at approximately 4:30 p.m. ET to review results.

The conference call will be broadcast live on the Internet, accessible at ir.vfc.com. For those unable to listen to the live broadcast, an archived version will be available at the same location.

The results of the trading session contributed to over 6655682 shares changing hands. Over the past one week, the price volatility of V.F. Corporation stands at 4.26% while the volatility over the past one month is 4.46%.

The market cap for VFC stock reached $10.78 billion, with 387.56 million shares outstanding and 387.25 million shares in the current float. Compared to the average trading volume of 4.24M shares, VFC reached a trading volume of 6655682 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about V.F. Corporation [VFC]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VFC shares is $38.30 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VFC stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cowen have made an estimate for V.F. Corporation shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on August 22, 2022. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $75 to $58. The new note on the price target was released on April 05, 2022, representing the official price target for V.F. Corporation stock. Previously, the target price had yet another drop from $71 to $65, while UBS kept a Neutral rating on VFC stock. On January 31, 2022, analysts decreased their price target for VFC shares from 79 to 70.

The Average True Range (ATR) for V.F. Corporation is set at 1.37, with the Price to Sales ratio for VFC stock in the period of the last 12 months amounting to 0.91. The Price to Book ratio for the last quarter was 3.22, with the Price to Cash per share for the same quarter was set at 1.36.

How has VFC stock performed recently?

V.F. Corporation [VFC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.72. With this latest performance, VFC shares dropped by -22.14% in over the last four-week period, additionally sinking by -48.70% over the last 6 months – not to mention a drop of -60.62% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VFC stock in for the last two-week period is set at 27.34, with the RSI for the last a single of trading hit 27.65, and the three-weeks RSI is set at 28.50 for V.F. Corporation [VFC]. The present Moving Average for the last 50 days of trading for this stock 37.07, while it was recorded at 28.25 for the last single week of trading, and 49.45 for the last 200 days.

V.F. Corporation [VFC]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and V.F. Corporation [VFC] shares currently have an operating margin of +14.38 and a Gross Margin at +54.86. V.F. Corporation’s Net Margin is presently recorded at +10.25.

Return on Equity for this stock inclined to 36.93, with Return on Assets sitting at 8.98.

V.F. Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.30.

Earnings analysis for V.F. Corporation [VFC]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VFC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for V.F. Corporation go to 2.19%.

Insider trade positions for V.F. Corporation [VFC]

There are presently around $10,643 million, or 90.10% of VFC stock, in the hands of institutional investors. The top three institutional holders of VFC stocks are: PNC FINANCIAL SERVICES GROUP, INC. with ownership of 77,454,084, which is approximately -0.031% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 41,143,689 shares of the stock with an approximate value of $1.15 billion in VFC stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $968.68 million in VFC stock with ownership of nearly 25.239% of the company’s market capitalization.

Positions in V.F. Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 391 institutional holders increased their position in V.F. Corporation [NYSE:VFC] by around 30,480,011 shares. Additionally, 409 investors decreased positions by around 17,972,143 shares, while 124 investors held positions by with 333,582,920 shares. The mentioned changes placed institutional holdings at 382,035,074 shares, according to the latest SEC report filing. VFC stock had 88 new institutional investments in for a total of 4,716,460 shares, while 124 institutional investors sold positions of 2,442,102 shares during the same period.

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