VF (NYSE:VFC) Shares Gap Down – What’s Next?

Shares of VF Corporation (NYSE:VFC) 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 changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Barclays upped their target price on VF from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Robert W. Baird raised their target price on shares of VF from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on shares of VF from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Piper Sandler reaffirmed a “neutral” rating and issued a $18.00 price target on shares of VF in a research report on Thursday. Finally, UBS Group boosted their price objective on VF from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $22.67.

VF Stock Performance

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 stock has a fifty day simple moving average of $22.32 and a 200-day simple moving average of $21.06. The company has a market capitalization of $6.12 billion, a P/E ratio of -13.20, a PEG ratio of 6.77 and a beta of 1.46.

VF (NYSE:VFC) last released its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, beating analysts’ consensus estimates 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 period last year, the firm earned $0.57 EPS. Equities analysts forecast that VF Corporation will post 0.73 EPS for the current year.

VF Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 2.29%. VF’s payout ratio is -30.25%.

Institutional Trading of VF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CKW Financial Group increased its position in 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 acquiring an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings 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 in the last quarter. TB Alternative Assets Ltd. bought a new position in VF in the 4th quarter worth approximately $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 worth $5,505,000 after buying an additional 16,431 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its stake 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 during the period. 86.84% of the stock is currently 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.