VF (NYSE:VFC) Trading Up 5.5% – Here’s What Happened

VF Corporation (NYSE:VFC) shares rose 5.5% during trading on Friday . The company traded as high as $22.79 and last traded at $22.72. Approximately 2,011,755 shares changed hands during trading, a decline of 47% from the average daily volume of 3,776,705 shares. The stock had previously closed at $21.54.

Analyst Ratings Changes

VFC has been the topic of a number of research analyst reports. The Goldman Sachs Group initiated coverage on VF in a research report on Friday, October 11th. They set a “neutral” rating and a $20.00 target price on the stock. Guggenheim boosted their target price on VF from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird boosted their price target on VF from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Wells Fargo & Company cut VF from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $16.00 to $15.00 in a report on Monday, October 14th. Finally, TD Cowen boosted their price target on VF from $16.00 to $19.00 and gave the stock a “hold” rating in a report on Tuesday, October 29th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, VF presently has a consensus rating of “Hold” and an average price target of $19.11.

VF Trading Up 5.8 %

The business has a fifty day moving average price of $20.99 and a 200 day moving average price of $18.53. The company has a market capitalization of $8.87 billion, a PE ratio of -13.17, a P/E/G ratio of 8.19 and a beta of 1.45. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.88 and a current ratio of 1.30.

VF (NYSE:VFC) last released its quarterly earnings data on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.19. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.72 billion. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.63 EPS. Analysts expect that VF Corporation will post 0.48 EPS for the current fiscal year.

VF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.58%. VF’s dividend payout ratio (DPR) is currently -20.81%.

Institutional Investors Weigh In On VF

A number of large investors have recently modified their holdings of VFC. Future Financial Wealth Managment LLC acquired a new stake in shares of VF in the third quarter valued at about $40,000. Abich Financial Wealth Management LLC acquired a new stake in VF during the 2nd quarter valued at approximately $60,000. Legacy Financial Advisors Inc. acquired a new stake in VF during the 2nd quarter valued at approximately $158,000. Citizens Financial Group Inc. RI acquired a new stake in VF during the 2nd quarter valued at approximately $196,000. Finally, J.W. Cole Advisors Inc. grew its stake in VF by 22.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 16,076 shares of the textile maker’s stock valued at $217,000 after purchasing an additional 2,919 shares in the last quarter. Institutional investors and hedge funds 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.