V.F. (NYSE:VFC) Stock Price Down 9.1% - What's Next?

Key Points

• V.F. Corporation's shares dropped 9.1% to $11.56, significantly below its previous closing price of $12.72, with trading volume down 48% compared to its average.
• Analysts are divided on V.F.'s outlook, with recent downgrades from various brokerages leading to an average rating of "Hold" and a target price of $16.04.
• The company reported a quarterly loss of ($0.24) EPS but exceeded revenue expectations with $1.76 billion, though there was a year-over-year revenue decline of 7.3%.

V.F. Corporation (NYSE:VFC - Get Free Report) was down 9.1% on Thursday . The stock traded as low as $11.58 and last traded at $11.56. Approximately 4,510,272 shares traded hands during trading, a decline of 48% from the average daily volume of 8,675,397 shares. The stock had previously closed at $12.72.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VFC shares. The Goldman Sachs Group dropped their price target on V.F. from $25.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. UBS Group boosted their price target on V.F. from $12.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. KGI Securities initiated coverage on V.F. in a research note on Thursday. They issued an "outperform" rating and a $14.80 price target for the company. Needham & Company LLC boosted their price target on V.F. from $15.00 to $19.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Robert W. Baird decreased their price target on V.F. from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $16.04.

V.F. Stock Performance

The stock has a market cap of $4.93 billion, a P/E ratio of -97.42, a price-to-earnings-growth ratio of 1.55 and a beta of 1.68. The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 2.76. The business has a 50 day moving average price of $12.35 and a two-hundred day moving average price of $15.93.

V.F. (NYSE:VFC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The textile maker reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.35) by $0.11. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.70 billion. V.F. had a positive return on equity of 22.77% and a negative net margin of 0.50%. The firm's revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.33) earnings per share. On average, sell-side analysts forecast that V.F. Corporation will post 0.73 earnings per share for the current fiscal year.

V.F. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.9%. The ex-dividend date is Wednesday, September 10th. V.F.'s dividend payout ratio (DPR) is presently -276.92%.

Insiders Place Their Bets

In other news, Director Richard Carucci acquired 50,000 shares of V.F. stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of $12.05 per share, for a total transaction of $602,500.00. Following the acquisition, the director directly owned 280,282 shares of the company's stock, 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 purchased 85,840 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $11.73 per share, for a total transaction of $1,006,903.20. Following the completion of the acquisition, the insider directly owned 295,406 shares in the company, valued at approximately $3,465,112.38. This trade represents a 40.96% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 185,840 shares of company stock worth $2,198,403 in the last ninety days. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its position in V.F. by 94.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,975 shares of the textile maker's stock worth $58,000 after acquiring an additional 2,421 shares during the period. Fiduciary Alliance LLC lifted its holdings in shares of V.F. by 61.1% in the 2nd quarter. Fiduciary Alliance LLC now owns 481,091 shares of the textile maker's stock valued at $5,653,000 after buying an additional 182,495 shares during the period. Russell Investments Group Ltd. increased its stake in shares of V.F. 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. Entropy Technologies LP purchased a new position in shares of V.F. in the 1st quarter valued at about $749,000. Finally, Amalgamated Bank increased its stake in shares of V.F. by 46.2% in the 1st quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock valued at $2,365,000 after purchasing an additional 48,151 shares in the last quarter. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

About V.F.

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.