V.F. (NYSE:VFC) Trading Up 7.6% - Here's Why

Key Points

• V.F. Corporation's stock rose by 7.6% during trading, reaching a last traded price of $12.55, despite overall trading volume being significantly lower than average.
• Several analysts downgraded V.F.'s stock ratings, with JPMorgan lowering its price target from $25 to $18, and the consensus rating now stands as "Hold" with a price target of $16.04.
• The company declared a quarterly dividend of $0.09 per share, resulting in a 2.8% dividend yield, alongside a negative net margin of 0.50% based on recent earnings results.

Shares of V.F. Corporation (NYSE:VFC - Get Free Report) shot up 7.6% during trading on Monday . The stock traded as high as $12.63 and last traded at $12.55. 1,591,290 shares changed hands during trading, a decline of 82% from the average session volume of 8,785,135 shares. The stock had previously closed at $11.66.

Wall Street Analyst Weigh In

VFC has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of V.F. from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Stifel Nicolaus cut their price target on shares of V.F. from $28.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. BNP Paribas Exane lowered V.F. from a "neutral" rating to an "underperform" rating in a report on Thursday. JPMorgan Chase & Co. dropped their target price on V.F. from $25.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, May 19th. Finally, KGI Securities assumed coverage on V.F. in a research note on Thursday. They issued an "outperform" rating and a $14.80 price target for the company. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $16.04.

V.F. Trading Up 9.1%

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 company's 50-day moving average is $12.35 and its 200 day moving average is $15.93. The company has a market cap of $4.97 billion, a price-to-earnings ratio of -97.97, a price-to-earnings-growth ratio of 1.55 and a beta of 1.68.

V.F. (NYSE:VFC - Get Free Report) last posted its 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 firm had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.70 billion. V.F. had a positive return on equity of 22.77% and a negative net margin of 0.50%. The company's quarterly revenue was down 7.3% on a year-over-year basis. During the same period last year, the firm earned ($0.33) EPS. Research analysts predict that V.F. Corporation will post 0.73 EPS for the current year.

V.F. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Wednesday, September 10th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, September 10th. V.F.'s payout ratio is presently -276.92%.

Insider Buying and Selling

In other V.F. news, EVP Abhishek Dalmia acquired 50,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average price of $11.78 per share, with a total value of $589,000.00. Following the purchase, the executive vice president owned 380,614 shares in the company, valued at approximately $4,483,632.92. The trade was a 15.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bracken Darrell purchased 85,840 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average cost of $11.73 per share, with a total value of $1,006,903.20. Following the acquisition, the insider owned 295,406 shares of the company's stock, valued at approximately $3,465,112.38. The trade was a 40.96% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 185,840 shares of company stock worth $2,198,403. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On V.F.

A number of institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings in V.F. by 94.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,975 shares of the textile maker's stock valued at $58,000 after purchasing an additional 2,421 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of V.F. in the 1st quarter valued at $350,000. Russell Investments Group Ltd. lifted its stake in V.F. by 11.1% during the 1st quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker's stock worth $4,306,000 after acquiring an additional 27,727 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in V.F. by 158.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 56,904 shares of the textile maker's stock valued at $669,000 after acquiring an additional 34,915 shares during the period. Finally, Fiduciary Alliance LLC grew its position in V.F. by 16.4% in the 1st quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker's stock valued at $4,634,000 after acquiring an additional 42,065 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

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.

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