Understanding the Risks of Investing in V.F. Corporation (VFC)


In a filing, V.F. Corporation revealed its Director Carucci Richard acquired Company’s shares for reported $0.76 million on Aug 09. In the deal valued at $19.09 per share,40,000 shares were bought. As a result of this transaction, Carucci Richard now holds 162,699 shares worth roughly $ 3.33 million.

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Then, Roberts Carol L bought 7,109 shares, generating $149,786 in total proceeds. Upon buying the shares at $21.07, the Director now owns 7,109 shares.

Before that, CHUGG JULIANA L bought 15,000 shares. V.F. Corporation shares valued at $400,305 were divested by the Director at a price of $26.69 per share. As a result of the transaction, CHUGG JULIANA L now holds 15,000 shares, worth roughly $0.31 million.

Wells Fargo upgraded its V.F. Corporation [VFC] rating to an Equal weight from a an Underweight in a research note published on Friday, May 05, 2023; the price target was increased to $22 from $18. PT values the company’s stock at a premium of 7.0 to its Friday closing price.

Price Performance Review of VFC

On Friday, V.F. Corporation [NYSE:VFC] saw its stock jump 3.54% to $20.46. On the same session, the stock had its day’s lowest price of $19.91, but rose to a high of $20.49. Over the last five days, the stock has gained 8.43%. V.F. Corporation shares have fallen nearly -25.90% since the year began. Nevertheless, the stocks have fallen -50.64% over the past one year. While a 52-week high of $44.82 was reached on 02/02/23, a 52-week low of $16.77 was recorded on 06/01/23. SMA at 50 days reached $19.43, while 200 days put it at $23.55. A total of 5.03 million shares were traded, compared to the trading of 6.8 million shares in the previous session.

Levels Of Support And Resistance For VFC Stock

The 24-hour chart illustrates a support level at 20.08, which if violated will result in even more drops to 19.71. On the upside, there is a resistance level at 20.66. A further resistance level may holdings at 20.87. The Relative Strength Index (RSI) on the 14-day chart is 57.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.44%. Stochastics %K at 55.75% indicates the stock is a holding.

How much short interest is there in V.F. Corporation?

A steep rise in short interest was recorded in V.F. Corporation stocks on Aug 14, 2023, dropping by -0.84 million shares to a total of 21.31 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 22.15 million shares. There was a decline of -3.94%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.17% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.46.

According to FactSet, V.F. Corporation’s share price will average $23.61 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.37 percent from its previous closing price of $19.76. Analysts expect V.F. Corporation stock to reach the higher price of $33.00, while the lowest price estimate is $18.00. However, 24 analysts have rated VFC stock as an Overweight in their predictions for 2023.


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