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

VF Corporation (NYSE:VFC)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $16.47, but opened at $16.05. VF shares last traded at $15.79, with a volume of 516,617 shares traded.

Wall Street Analyst Weigh In

VFC has been the topic of a number of recent analyst reports. Truist Financial restated a “hold” rating and set a $24.00 price objective (up from $20.00) on shares of VF in a research note on Thursday, January 30th. Piper Sandler reaffirmed a “neutral” rating and issued a $18.00 price target on shares of VF in a research note on Thursday. Wells Fargo & Company lowered their price objective on shares of VF from $21.00 to $18.00 and set an “underweight” rating on the stock in a research note on Friday, March 7th. UBS Group increased their price target on VF from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $28.00 price objective on shares of VF in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $22.67.

VF Price Performance

The company has a market cap of $6.12 billion, a PE ratio of -13.20, a price-to-earnings-growth ratio of 6.77 and a beta of 1.46. The stock has a fifty day moving average price of $22.32 and a 200-day moving average price of $21.06. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00.

VF (NYSE:VFC) last announced its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, topping analysts’ consensus estimates 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 earnings per share. On average, equities analysts expect that VF Corporation will post 0.73 earnings per share for the current year.

VF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a $0.09 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.36 dividend on an annualized basis and a yield of 2.29%. VF’s payout ratio is -30.25%.

Hedge Funds Weigh In On VF

A number of hedge funds have recently modified their holdings of VFC. CKW Financial Group grew its stake in 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in 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. TB Alternative Assets Ltd. bought a new position in VF during the fourth quarter valued at approximately $1,878,000. Fiduciary Alliance LLC lifted 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 during the last quarter. Finally, Segall Bryant & Hamill LLC grew 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 worth $83,153,000 after acquiring an additional 211,440 shares in the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

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.