VF (NYSE:VFC) Shares Gap Down to $19.93

VF Corporation (NYSE:VFC)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $19.93, but opened at $19.45. VF shares last traded at $19.58, with a volume of 283,846 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VFC. UBS Group increased their price target on shares of VF from $12.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. StockNews.com upgraded VF from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. lowered their price objective on shares of VF from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Telsey Advisory Group upped their price objective on shares of VF from $15.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company lifted their price objective on VF from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday, September 6th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, VF has an average rating of “Hold” and a consensus price target of $16.41.

VF Trading Down 2.2 %

The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84. The stock has a market capitalization of $7.59 billion, a PE ratio of -7.97, a P/E/G ratio of 2.24 and a beta of 1.53. The business’s fifty day moving average is $17.66 and its 200-day moving average is $14.94.

VF (NYSE:VFC) last released its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.04. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the business earned ($0.15) earnings per share. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. As a group, analysts anticipate that VF Corporation will post 0.72 EPS for the current fiscal year.

VF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.85%. VF’s dividend payout ratio is presently -14.40%.

Insider Activity

In related news, Director Richard Carucci bought 15,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were acquired at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the purchase, the director now owns 230,178 shares in the company, valued at approximately $3,843,972.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On VF

Several institutional investors and hedge funds have recently bought and sold shares of the business. TD Asset Management Inc boosted its holdings in shares of VF by 4.9% during the fourth quarter. TD Asset Management Inc now owns 98,232 shares of the textile maker’s stock valued at $1,847,000 after acquiring an additional 4,611 shares during the period. Treasurer of the State of North Carolina raised its holdings in shares of VF by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 155,047 shares of the textile maker’s stock valued at $2,915,000 after buying an additional 1,510 shares during the last quarter. Bank of Nova Scotia acquired a new position in shares of VF during the fourth quarter worth approximately $327,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of VF during the fourth quarter worth approximately $529,000. Finally, KBC Group NV grew its holdings in VF by 3.2% in the 4th quarter. KBC Group NV now owns 195,273 shares of the textile maker’s stock worth $3,671,000 after buying an additional 6,015 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

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.