VF Corporation (NYSE:VFC) Short Interest Update

VF Corporation (NYSE:VFC - Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 24,660,000 shares, a decrease of 14.4% from the April 30th total of 28,810,000 shares. Currently, 6.7% of the company's shares are sold short. Based on an average trading volume of 10,770,000 shares, the short-interest ratio is currently 2.3 days.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VFC. Piper Sandler dropped their target price on shares of VF from $18.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Needham & Company LLC dropped their price target on VF from $28.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. The Goldman Sachs Group dropped their target price on VF from $25.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen lowered VF from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Robert W. Baird dropped their price target on shares of VF from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, May 22nd. Sixteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, VF currently has a consensus rating of "Hold" and an average target price of $16.21.

VF Stock Performance

NYSE VFC traded up $0.31 during mid-day trading on Thursday, reaching $12.86. 1,903,165 shares of the stock were exchanged, compared to its average volume of 7,761,271. VF has a 1 year low of $9.41 and a 1 year high of $29.02. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56. The business's 50 day moving average is $12.45 and its 200-day moving average is $18.61. The company has a market capitalization of $5.01 billion, a P/E ratio of -10.80, a P/E/G ratio of 6.77 and a beta of 1.68.

VF (NYSE:VFC - Get Free Report) last announced its earnings results on Wednesday, May 21st. The textile maker reported ($0.13) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.01. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.17 billion. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. The business's revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.32) EPS. On average, equities research analysts forecast that VF will post 0.73 EPS for the current fiscal year.

VF Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.80%. VF's payout ratio is currently -72.00%.

Insider Activity at VF

In other news, Director Richard Carucci acquired 50,000 shares of VF stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $12.05 per share, with a total value of $602,500.00. Following the purchase, the director now owns 280,282 shares in the company, valued at $3,377,398.10. This trade represents a 21.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bracken Darrell acquired 85,840 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $11.73 per share, for a total transaction of $1,006,903.20. Following the transaction, the insider now directly owns 295,406 shares in the company, valued at approximately $3,465,112.38. This represents a 40.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 185,840 shares of company stock worth $2,198,403 over the last ninety days. Insiders own 0.70% of the company's stock.

Institutional Investors Weigh In On VF

Several large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in VF in the 1st quarter valued at about $350,000. Entropy Technologies LP acquired a new stake in VF in the first quarter valued at $749,000. Amalgamated Bank raised its position in VF by 46.2% during the first quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock worth $2,365,000 after acquiring an additional 48,151 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in VF by 11.1% in the 1st quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker's stock valued at $4,306,000 after purchasing an additional 27,727 shares in the last quarter. Finally, Fiduciary Alliance LLC grew its stake in shares of VF by 16.4% during the 1st quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker's stock valued at $4,634,000 after buying an additional 42,065 shares during the period. Hedge funds and other institutional investors own 86.84% of the company's stock.

About VF

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.