Director MCMULLEN W RODNEY acquired 6,000 shares of V.F. Corporation [VFC]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. V.F. Corporation shares valued at $268,572 were purchased by MCMULLEN W RODNEY on Aug 03. At $44.76 per share, MCMULLEN W RODNEY acquired 6,000 shares. The insider’s holdings grew to 34,146 shares worth approximately $1.54 million following the completion of this transaction.


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Also, Carucci Richard purchased 10,000 shares, netting a total of over 453,858 in proceeds. Following the buying of shares at $45.39 each, the insider now holds 107,493 shares.

Before that, MCMULLEN W RODNEY had added 3,000 shares to its account. In a trade valued at $149,970, the Director bought V.F. Corporation shares for $49.99 each. Upon closing the transaction, the insider’s holdings increased to 3,000 shares, worth approximately $1.27 million.

As published in a research note from Wells Fargo on April 05, 2022, V.F. Corporation [VFC] has been rated down from an Overweight to an Equal weight and the price target has been revised to $58 from $75. This represents a 22.16% premium over Thursday’s closing price. Analysts at UBS resumed the stock at ‘”a Neutral”‘ outlook in a report released in late January. As of January 31, 2022, Truist has reiterated its “Hold” rating for VFC. Earlier on January 31, 2022, Stifel resumed its rating. Their recommendation was “a Hold” for VFC stock.

Analyzing VFC’s Price Performance

On Thursday, V.F. Corporation [NYSE: VFC] rose 0.83% to $45.15. The stock’s lowest price that day was $44.70, but it reached a high of $45.69 in the same session. During the last five days, there has been a drop of approximately -7.04%. Over the course of the year, V.F. Corporation shares have dropped approximately -38.34%. Shares of the company reached a 52-week high of $76.61 on 01/05/22 and a 52-week low of $43.08 on 07/05/22. A 50-day SMA is recorded $46.73, while a 200-day SMA reached $59.44. Nevertheless, trading volume fell to 2.08 million shares from 2.96 million shares the previous day.

Support And Resistance Levels for V.F. Corporation (VFC)

According to the 24-hour chart, there is a support level at 44.67, which, if violated, would cause prices to drop to 44.19. In the upper region, resistance lies at 45.66. The next price resistance is at 46.17. RSI (Relative Strength Index) is 46.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.58, which suggests the price will decrease in the coming days. Percent R is at 74.68%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is V.F. Corporation subject to short interest?

Stocks of V.F. Corporation saw a sharp rise in short interest on Jul 14, 2022 jumping by 2.68 million shares to 18.29 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 15.61 million shares. A jump of 14.65% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.59 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.59.

Which companies own the most shares of V.F. Corporation (VFC)?

According to The Vanguard Group, Inc. filings, the company currently owns 38,867,140 shares, which is about 10.01% of the total VFC shares outstanding. The investor’s shares have appreciated by 5,660,579 from its previous 13-F filing of 33206561.0 shares. With the completion of the sale transaction, PNC Bank, NA’s stake is now worth $1,712,684,771. Capital Research & Management Co acquire a 27.70% interest valued at $1.23 billion while Northern Trust Investments, Inc. sold a -100,958 stake. A total of 161,526 shares of V.F. Corporation were sold by SSgA Funds Management, Inc. during the quarter, and 595,061 were bought by BlackRock Fund Advisors. In its current portfolio, Wells Fargo Clearing Services LLC holds 8,424,718 shares valued at $372.12 million.

In terms of V.F. Corporation share price expectations, FactSet research, analysts set an average price target of $52.57 in the next 12 months, up nearly 13.89% from the previous closing price of $44.78. Analysts anticipate V.F. Corporation stock to reach $85.00 by 2022, with the lowest price target being $35.00. In spite of this, 25 analysts ranked V.F. Corporation stock as an Overweight at the end of 2022. On January 31, 2022, Robert W. Baird assigned a price target of “an Outperform” to the stock and reiterated coverage with a $80.

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