Shares of VF Corporation (NYSE:VFC - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $16.47, but opened at $16.05. VF shares last traded at $15.79, with a volume of 516,617 shares traded.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. UBS Group upped their target price on shares of VF from $24.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Guggenheim increased their price objective on shares of VF from $25.00 to $27.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $27.00 price objective on shares of VF in a research note on Friday, March 7th. Piper Sandler reiterated a "neutral" rating and set a $18.00 target price on shares of VF in a research report on Thursday, March 27th. Finally, BMO Capital Markets increased their price target on VF from $14.00 to $25.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $22.67.
View Our Latest Research Report on VFC
VF Trading Up 2.9 %
The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of -13.41, a price-to-earnings-growth ratio of 6.77 and a beta of 1.46. The business's fifty day moving average is $22.16 and its 200 day moving average is $21.08. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31.
VF (NYSE:VFC - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same period in the prior year, the business posted $0.57 EPS. Equities analysts predict that VF Corporation will post 0.73 earnings per share for the current year.
VF Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Monday, March 10th. VF's dividend payout ratio is presently -30.25%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in VFC. TB Alternative Assets Ltd. bought a new position in shares of VF in the 4th quarter valued at about $1,878,000. Segall Bryant & Hamill LLC grew its stake in VF by 5.8% in 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 purchasing an additional 211,440 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of VF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker's stock worth $129,000 after purchasing an additional 3,008 shares during the last quarter. CKW Financial Group raised its stake in shares of VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock worth $47,000 after purchasing an additional 500 shares in the last quarter. Finally, Fiduciary Alliance LLC boosted its holdings in shares of 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 buying an additional 16,431 shares during the last quarter. Institutional investors own 86.84% of the company's stock.
VF Company Profile
(
Get Free Report)
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.
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