VF (NYSE:VFC) Shares Gap Down – Here’s What Happened

VF Corporation (NYSE:VFC)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $16.39, but opened at $14.50. VF shares last traded at $13.00, with a volume of 3,763,371 shares traded.

Wall Street Analysts Forecast Growth

VFC has been the subject of a number of analyst reports. Argus upgraded shares of VF from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, December 17th. Truist Financial reaffirmed a “hold” rating and issued a $24.00 price objective (up previously from $20.00) on shares of VF in a research note on Thursday, January 30th. OTR Global raised shares of VF from a “mixed” rating to a “positive” rating in a research report on Friday, January 10th. Wells Fargo & Company cut their target price on VF from $21.00 to $18.00 and set an “underweight” rating on the stock in a report on Friday, March 7th. Finally, Robert W. Baird upped their price target on VF from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $22.67.

VF Trading Down 25.3 %

The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of -10.29, a P/E/G ratio of 6.77 and a beta of 1.46. The business has a 50-day moving average of $21.81 and a two-hundred day moving average of $21.02.

VF (NYSE:VFC) last announced its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, topping 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 quarter last year, the firm posted $0.57 EPS. Research analysts predict that VF Corporation will post 0.73 EPS for the current fiscal year.

VF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were given a dividend of $0.09 per share. The ex-dividend date was Monday, March 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.94%. VF’s dividend payout ratio (DPR) is currently -30.25%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. CKW Financial Group grew its stake 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 period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of VF by 100.0% in 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. TB Alternative Assets Ltd. acquired a new stake in shares of VF during the 4th quarter worth about $1,878,000. Fiduciary Alliance LLC lifted its holdings in VF by 6.8% during the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after purchasing an additional 16,431 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its position 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 buying an additional 211,440 shares in 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.