VF (NYSE:VFC) Hits New 1-Year Low – Here’s Why

VF Corporation (NYSE:VFC)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $10.46 and last traded at $10.57, with a volume of 3023015 shares traded. The stock had previously closed at $11.68.

Analysts Set New Price Targets

Several analysts have issued reports on VFC shares. Needham & Company LLC restated a “buy” rating and issued a $28.00 target price on shares of VF in a report on Friday, March 7th. Telsey Advisory Group restated a “market perform” rating and set a $27.00 price objective on shares of VF in a research report on Friday, March 7th. Jefferies Financial Group boosted their target price on shares of VF from $21.00 to $24.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. OTR Global upgraded shares of VF from a “mixed” rating to a “positive” rating in a report on Friday, January 10th. Finally, UBS Group upped their price objective on VF from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $22.67.

VF Stock Performance

The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of -9.41, a PEG ratio of 6.77 and a beta of 1.46. The firm has a 50 day moving average price of $21.53 and a 200-day moving average price of $20.96.

VF (NYSE:VFC) last posted its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. During the same quarter in the previous year, the firm posted $0.57 earnings per share. As a group, sell-side analysts expect that VF Corporation will post 0.73 earnings per share for the current fiscal year.

VF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Monday, March 10th. VF’s payout ratio is -30.25%.

Institutional Trading of VF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VFC. Segall Bryant & Hamill LLC boosted its holdings in shares of VF by 5.8% in the 4th 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 in the last quarter. Fiduciary Alliance LLC boosted its stake in VF by 6.8% in the fourth 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. TB Alternative Assets Ltd. purchased a new position in shares of VF during the fourth quarter worth about $1,878,000. 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 purchasing an additional 3,008 shares in the last quarter. Finally, CKW Financial Group lifted 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 valued at $47,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

VF Company Profile

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.