With a forward dividend & yield of 1.92 and 2.45%, V.F. Corporation [NYSE:VFC] has active tape with a current price of $76.75 against an analyst price target of 68.04.
For the year, the stock is trading -21.40% and the five-day change stands at 9.43%. As a point of reference, the S&P 500 is trading 0.5% YTD.
Other data to note about the company today is the Recommendation Trend that is leaning toward V.F. Corporation [VFC] as Moderate Buy.
The Bears are coming
Holding a Market Cap of $30.12 billion, V.F. Corporation has seen a trading range over the last year of $45.07-$100.25.
For the last five days, VFC is up from its last closing price. The average shares trading hands each day is 2.09M, with average 10-day volume coming in at 1.73 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for VFC. When we apply the Elder Force Index to V.F. Corporation, we are seeing an Elder Force Indicator number of -917539.18.
The recent performance of the stock is another area that can tell traders how to proceed. VFC is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 30.55. Moreover, the company’s enterprise value has gone from $27.59B to $23.67B quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, VFC made a profit of 569.34 million. V.F. Corporation also saw quarter revenue growth year over year of 2.35%. In addition, the company has operating cash flow of $937.52 million.
Looking at popular technical indicators, the company’s 5-day moving average is 76.29 compared to the 50-day moving average of 69.78. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. VFC currently holds a 9-day RSI of 65.94%, while 100-day RSI stands at 52.58%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. VFC’s 9-day MACD is 3.35 and the company’s 100-day MACD stands at 12.92.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 7.31% by insiders and 81.29% by institutions. Regarding institutional holdings, PNC Financial Services Group, Inc. owns 20.39%, while the second top holder, Vanguard Group, Inc. (The), currently owns 7.12%.
Over the last six months, insiders have sold 9,501 with the most recent transaction from MCCOLLOUGH W ALAN, Director, with a sell at price 67.08 per share.
Overall, the recommended rating for VFC is Moderate Buy. Currently, the company has 24 analysts watching the stock, and the average quarterly earnings estimate is 0.48. Quarterly revenue estimates are averaging 2.49B with the high estimate reaching 2.63B and the low at 2.4B.
To review, the current 1-year target estimate is sitting at 68.04, while the current price 76.75. Based on this, we expect some pullback on the stock over time given our above analysis.