VF (NYSE:VFC) Reaches New 1-Year Low - Here's Why

VF Corporation (NYSE:VFC - Get Free Report)'s share price hit a new 52-week low on Wednesday . The company traded as low as $11.09 and last traded at $11.91, with a volume of 9193205 shares trading hands. The stock had previously closed at $11.70.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on VFC shares. Truist Financial reiterated a "hold" rating and set a $24.00 price target (up from $20.00) on shares of VF in a report on Thursday, January 30th. The Goldman Sachs Group dropped their target price on VF from $25.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Needham & Company LLC reissued a "buy" rating and set a $28.00 price target on shares of VF in a research note on Friday, March 7th. JPMorgan Chase & Co. upped their price objective on VF from $20.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Finally, Piper Sandler reduced their price objective on shares of VF from $18.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $21.40.

VF Stock Down 1.8 %

The stock has a market cap of $4.81 billion, a price-to-earnings ratio of -10.38, a price-to-earnings-growth ratio of 6.77 and a beta of 1.68. The firm's fifty day moving average price is $14.75 and its two-hundred day moving average price is $19.61. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TB Alternative Assets Ltd. bought a new position in shares of VF in the 4th quarter worth $1,878,000. Segall Bryant & Hamill LLC grew its holdings in shares of VF by 5.8% during the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker's stock valued at $83,153,000 after buying an additional 211,440 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of VF by 100.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker's stock worth $129,000 after acquiring an additional 3,008 shares in the last quarter. CKW Financial Group raised its holdings in shares of VF by 29.4% in the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock worth $47,000 after acquiring an additional 500 shares during the last quarter. Finally, Fiduciary Alliance LLC lifted its position in VF by 6.8% in the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker's stock valued at $5,505,000 after acquiring an additional 16,431 shares in the last quarter. 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.