The VP & Group Pres. of VF Corp is Exercising Options


Today, the VP & Group Pres. of VF Corp, Scott H. Baxter, exercised options of VF Corp (NYSE: VFC) for $5.53M.

Following Scott H. Baxter’s last VFC Sell transaction on November 21, 2017, the stock climbed by 12.8%. In addition to Scott H. Baxter, 7 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 $32.99B and the company has a P/E ratio of 47.43. Currently, VF Corp has an average volume of 378.2K.

Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $89.83, reflecting a -7.1% 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 $16.79M worth of VFC shares and purchased $731.5K worth of VFC shares. The insider sentiment on VF Corp has been negative according to 44 insider trades in the past three months. This sentiment is 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.

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