VF (NYSE:VFC) Shares Gap Down – Time to Sell?

VF Corporation (NYSE:VFC) gapped down before the market opened 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.

Analysts Set New Price Targets

Several brokerages have issued reports on VFC. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of VF in a research report on Friday, March 7th. Robert W. Baird raised their target price on VF from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. OTR Global upgraded shares of VF from a “mixed” rating to a “positive” rating in a research report on Friday, January 10th. Argus raised shares of VF from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, December 17th. Finally, Jefferies Financial Group boosted their target price on shares of VF from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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 market cap of $4.77 billion, a P/E ratio of -10.29, a PEG ratio of 6.77 and a beta of 1.46. The stock has a fifty day simple moving average of $21.81 and a 200-day simple moving average of $21.02.

VF (NYSE:VFC) last issued its earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, beating the consensus estimate 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 in the prior year, the firm earned $0.57 earnings per share. Equities analysts expect that VF Corporation will post 0.73 earnings per share for the current fiscal year.

VF Announces Dividend

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

Institutional Investors Weigh In On VF

Several large investors have recently modified their holdings of VFC. CKW Financial Group grew its position 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. boosted 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 buying an additional 3,008 shares during the period. TB Alternative Assets Ltd. bought a new stake in shares of VF during the fourth quarter worth $1,878,000. Fiduciary Alliance LLC raised its holdings in shares of VF by 6.8% during the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after acquiring an additional 16,431 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its position in 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 acquiring an additional 211,440 shares in the last quarter. 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.