VF Corporation (NYSE:VFC – Get Free Report)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $24.50 and last traded at $24.50, with a volume of 434861 shares traded. The stock had previously closed at $23.67.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on VFC shares. Truist Financial initiated coverage on shares of VF in a report on Thursday, December 5th. They issued a “hold” rating and a $20.00 target price on the stock. Argus upgraded VF from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, December 17th. Telsey Advisory Group restated a “market perform” rating and issued a $21.00 price target on shares of VF in a research note on Wednesday. Guggenheim increased their price objective on VF from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company downgraded VF from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $16.00 to $15.00 in a report on Monday, October 14th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $19.63.
Get Our Latest Stock Report on VF
VF Price Performance
VF (NYSE:VFC – Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share 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 analyst estimates of $2.72 billion. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 EPS. On average, analysts expect that VF Corporation will post 0.48 EPS for the current year.
VF Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were issued a $0.09 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.36 dividend on an annualized basis and a yield of 1.43%. VF’s payout ratio is -20.81%.
Institutional Investors Weigh In On VF
Several institutional investors and hedge funds have recently added to or reduced their stakes in VFC. CKW Financial Group boosted its stake in shares of VF by 29.4% in the fourth 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 period. Arkadios Wealth Advisors grew its stake in VF by 5.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock valued at $481,000 after purchasing an additional 1,217 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in VF during the 3rd quarter worth approximately $40,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of VF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after buying an additional 3,008 shares during the last quarter. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of VF in the 2nd quarter worth about $60,000. 86.84% of the stock is currently owned by institutional investors and hedge funds.
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.
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