Short Interest in VF Corporation (NYSE:VFC) Declines By 18.6%

VF Corporation (NYSE:VFC) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 34,970,000 shares, a decline of 18.6% from the October 15th total of 42,940,000 shares. Based on an average daily trading volume, of 7,130,000 shares, the days-to-cover ratio is currently 4.9 days. Approximately 9.5% of the shares of the company are short sold.

Insider Buying and Selling at VF

In related news, Director Richard Carucci acquired 15,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were bought at an average cost of $16.70 per share, with a total value of $250,500.00. Following the completion of the acquisition, the director now owns 230,178 shares of the company’s stock, valued at $3,843,972.60. This trade represents a 6.97 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On VF

Institutional investors have recently made changes to their positions in the stock. M&G Plc boosted its holdings in VF by 10.0% during the second quarter. M&G Plc now owns 14,729,396 shares of the textile maker’s stock worth $206,212,000 after buying an additional 1,344,849 shares during the last quarter. Pacer Advisors Inc. boosted its stake in VF by 28.0% during the 2nd quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock worth $159,609,000 after acquiring an additional 2,589,852 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in VF by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,125,417 shares of the textile maker’s stock valued at $55,694,000 after purchasing an additional 113,128 shares during the period. Segall Bryant & Hamill LLC increased its stake in VF by 1.8% in the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock valued at $73,084,000 after purchasing an additional 65,919 shares in the last quarter. Finally, Deprince Race & Zollo Inc. raised its holdings in VF by 28.3% in the second quarter. Deprince Race & Zollo Inc. now owns 3,057,884 shares of the textile maker’s stock worth $41,281,000 after purchasing an additional 673,979 shares during the period. 86.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VFC shares. Argus upgraded VF to a “hold” rating in a research report on Wednesday, August 28th. Wedbush reiterated a “neutral” rating and set a $13.00 target price on shares of VF in a research report on Monday, August 5th. TD Cowen boosted their price target 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. BMO Capital Markets raised their price objective on shares of VF from $13.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. Finally, StockNews.com raised VF from a “sell” rating to a “hold” rating in a report on Saturday, October 26th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, VF has an average rating of “Hold” and a consensus target price of $18.19.

VF Trading Down 0.6 %

VFC stock traded down $0.12 during midday trading on Friday, reaching $20.16. The stock had a trading volume of 7,264,342 shares, compared to its average volume of 8,947,218. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 2.86. VF has a twelve month low of $11.00 and a twelve month high of $23.09. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of -11.65, a PEG ratio of 7.69 and a beta of 1.52. The business has a fifty day simple moving average of $19.42 and a two-hundred day simple moving average of $16.37.

VF (NYSE:VFC) last issued its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, topping the consensus estimate of $0.41 by $0.19. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter in the previous year, the company earned $0.63 EPS. VF’s revenue was down 5.6% on a year-over-year basis. As a group, research analysts expect that VF will post 0.49 EPS for the current fiscal year.

VF Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.79%. VF’s dividend payout ratio is currently -20.81%.

VF Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.