V.F. (NYSE:VFC) Sets New 52-Week Low on Disappointing Earnings

V.F. Co. (NYSE:VFC - Get Free Report)'s share price hit a new 52-week low on Thursday following a dissappointing earnings announcement. The company traded as low as $11.00 and last traded at $11.34, with a volume of 6524986 shares. The stock had previously closed at $12.33.

The textile maker reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.34). V.F. had a negative net margin of 7.07% and a positive return on equity of 19.03%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the firm earned $0.17 earnings per share. The business's revenue for the quarter was down 13.4% on a year-over-year basis.

V.F. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.01%. The ex-dividend date is Monday, June 10th. V.F.'s payout ratio is presently -18.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of V.F. from $16.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, April 8th. Robert W. Baird cut their target price on shares of V.F. from $16.00 to $13.00 and set a "neutral" rating for the company in a research report on Thursday. Williams Trading reaffirmed a "sell" rating on shares of V.F. in a research note on Thursday, January 25th. Wells Fargo & Company decreased their price target on shares of V.F. from $14.00 to $11.00 and set an "equal weight" rating for the company in a research note on Thursday. Finally, Bank of America cut their price objective on shares of V.F. from $13.00 to $11.00 and set an "underperform" rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $14.59.

Hedge Funds Weigh In On V.F.

Institutional investors have recently bought and sold shares of the stock. Wolff Wiese Magana LLC lifted its holdings in shares of V.F. by 2,835.6% during the 4th quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker's stock valued at $25,000 after buying an additional 1,276 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of V.F. during the 4th quarter valued at about $25,000. Mather Group LLC. acquired a new stake in shares of V.F. during the 1st quarter valued at about $27,000. Future Financial Wealth Managment LLC acquired a new stake in shares of V.F. during the 1st quarter valued at about $31,000. Finally, Allworth Financial LP lifted its holdings in shares of V.F. by 111.5% during the 4th quarter. Allworth Financial LP now owns 1,817 shares of the textile maker's stock valued at $34,000 after buying an additional 958 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company's stock.

V.F. Trading Down 2.9 %

The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of -6.08, a price-to-earnings-growth ratio of 1.40 and a beta of 1.49. The company has a current ratio of 1.23, a quick ratio of 0.70 and a debt-to-equity ratio of 2.25. The company has a fifty day moving average price of $13.29 and a 200-day moving average price of $15.65.

V.F. Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.