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Today, the COB, Pres & CEO of VF Corp, Steven Rendle, exercised options of VF Corp (NYSE: VFC) for $5.94M.
Following Steven Rendle’s last VFC Sell transaction on October 30, 2017, the stock climbed by 11.0%. In addition to Steven Rendle, 4 other VFC executives reported Sell trades in the last month.
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Based on VF Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.92 billion and quarterly net profit of $271 million. In comparison, last year the company earned revenue of $2.6 billion and had a net profit of $213 million. VFC’s market cap is $31.57B and the company has a P/E ratio of 45.19. Currently, VF Corp has an average volume of 383.1K.
Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $89.14, reflecting a -9.6% downside. Five different firms, including Merrill Lynch and Citigroup, currently also have a Sell rating on the stock.
In the last 30 days, insiders have sold $10.72M worth of VFC shares and purchased $546K worth of VFC shares. The insider sentiment on VF Corp has been neutral according to 42 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
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VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor & Action Sports, Jeanswear, Imagewear and Others.
