VF (NYSE:VFC) Sets New 12-Month High – Still a Buy?

VF Corporation (NYSE:VFC) hit a new 52-week high during mid-day 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

VFC has been the topic of several recent research reports. Barclays raised their price target on VF from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. TD Cowen lifted their price objective on shares of VF from $16.00 to $19.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th. Argus raised 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 assumed coverage on shares of VF in a research note on Thursday, December 5th. They issued a “hold” rating and a $20.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on VF from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, VF presently has a consensus rating of “Hold” and a consensus price target of $19.63.

VF Trading Up 1.5 %

The company’s 50 day simple moving average is $21.38 and its two-hundred day simple moving average is $19.17. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88.

VF (NYSE:VFC) last posted 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 business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.72 billion. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. VF’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 earnings per share. Equities research analysts forecast that VF Corporation will post 0.48 earnings per share for the current year.

VF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Tuesday, December 10th. VF’s dividend payout ratio is -20.81%.

Hedge Funds Weigh In On VF

Several institutional investors have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC bought a new stake in shares of VF during the 3rd quarter worth about $40,000. CKW Financial Group boosted its position in VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares during the period. Abich Financial Wealth Management LLC acquired a new position in VF during the second quarter valued at approximately $60,000. Thurston Springer Miller Herd & Titak Inc. raised its position 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 valued at $129,000 after purchasing an additional 3,008 shares during the period. Finally, Evergreen Capital Management LLC acquired a new stake in shares of VF in the second quarter worth $226,000. 86.84% of the stock is currently owned by institutional investors.

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.