VF (NYSE:VFC) Shares Up 2.6% – What’s Next?

VF Corporation (NYSE:VFC)’s stock price shot up 2.6% during mid-day trading on Friday . The stock traded as high as $16.60 and last traded at $16.68. 755,463 shares changed hands during trading, a decline of 90% from the average session volume of 7,241,578 shares. The stock had previously closed at $16.25.

Wall Street Analyst Weigh In

Several research firms have issued reports on VFC. Jefferies Financial Group upped their price objective on VF from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Wells Fargo & Company cut their price target on VF from $21.00 to $18.00 and set an “underweight” rating on the stock in a research note on Friday, March 7th. Argus raised VF from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, December 17th. Truist Financial reissued a “hold” rating and issued a $24.00 price target (up previously from $20.00) on shares of VF in a research note on Thursday, January 30th. Finally, Barclays increased their price target on VF from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $22.90.

VF Stock Performance

The stock has a fifty day simple moving average of $23.01 and a 200-day simple moving average of $21.11. The stock has a market cap of $6.37 billion, a P/E ratio of -13.74, a PEG ratio of 6.77 and a beta of 1.46. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56.

VF (NYSE:VFC) last released its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (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 in the previous 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 disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Monday, March 10th. VF’s payout ratio is -30.25%.

Hedge Funds Weigh In On VF

Hedge funds have recently modified their holdings of the stock. TB Alternative Assets Ltd. bought a new position in shares of VF in the 4th quarter valued at about $1,878,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of VF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after acquiring an additional 3,008 shares in the last quarter. Fiduciary Alliance LLC grew its holdings in shares of VF by 6.8% in the 4th 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 in the last quarter. CKW Financial Group grew its holdings 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 acquiring an additional 500 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its stake 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 purchasing an additional 211,440 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

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.