V.F. (NYSE:VFC) Trading Down 6.3%

V.F. Co. (NYSE:VFCGet Free Report) dropped 6.3% during mid-day trading on Tuesday . The company traded as low as $14.27 and last traded at $14.34. Approximately 1,080,332 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 8,293,125 shares. The stock had previously closed at $15.30.

Wall Street Analyst Weigh In

VFC has been the subject of a number of research analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $22.00 price objective on shares of V.F. in a research report on Tuesday, January 30th. Wedbush dropped their target price on shares of V.F. from $16.50 to $15.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 7th. Wells Fargo & Company decreased their price target on shares of V.F. from $17.00 to $14.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Williams Trading reissued a “sell” rating on shares of V.F. in a research report on Thursday, January 25th. Finally, UBS Group reduced their price objective on V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $18.70.

Check Out Our Latest Stock Report on V.F.

V.F. Stock Performance

The company’s 50-day moving average is $15.94 and its two-hundred day moving average is $16.72. The company has a quick ratio of 0.70, a current ratio of 1.23 and a debt-to-equity ratio of 2.25. The company has a market cap of $5.54 billion, a P/E ratio of -7.28, a price-to-earnings-growth ratio of 2.09 and a beta of 1.48.

V.F. (NYSE:VFCGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The textile maker reported $0.57 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.22). V.F. had a negative net margin of 7.07% and a positive return on equity of 19.03%. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the previous year, the company posted $1.12 EPS. V.F.’s revenue for the quarter was down 16.2% on a year-over-year basis. Equities analysts predict that V.F. Co. will post 1.11 EPS for the current year.

V.F. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Friday, March 8th. V.F.’s payout ratio is -18.27%.

Insider Buying and Selling

In other news, Director Juliana L. Chugg purchased 11,301 shares of the business’s stock in a transaction on Monday, February 12th. The stock was purchased at an average cost of $17.55 per share, with a total value of $198,332.55. Following the acquisition, the director now directly owns 26,301 shares in the company, valued at $461,582.55. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Juliana L. Chugg bought 11,301 shares of the company’s stock in a transaction on Monday, February 12th. The stock was acquired at an average cost of $17.55 per share, for a total transaction of $198,332.55. Following the completion of the transaction, the director now directly owns 26,301 shares in the company, valued at approximately $461,582.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bracken Darrell acquired 65,360 shares of the stock in a transaction dated Friday, February 9th. The shares were bought at an average price of $15.38 per share, for a total transaction of $1,005,236.80. Following the transaction, the insider now owns 144,281 shares in the company, valued at approximately $2,219,041.78. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. lifted its stake in V.F. by 65.3% in the first quarter. American Century Companies Inc. now owns 31,193 shares of the textile maker’s stock worth $1,773,000 after purchasing an additional 12,328 shares during the last quarter. Panagora Asset Management Inc. grew its position in V.F. by 98.9% during the 1st quarter. Panagora Asset Management Inc. now owns 28,234 shares of the textile maker’s stock worth $1,605,000 after acquiring an additional 14,036 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in V.F. by 5.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,190 shares of the textile maker’s stock valued at $2,456,000 after purchasing an additional 2,270 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of V.F. by 13.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,567,185 shares of the textile maker’s stock valued at $89,124,000 after purchasing an additional 187,008 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in shares of V.F. by 6.0% in the first quarter. Vontobel Holding Ltd. now owns 13,192 shares of the textile maker’s stock worth $771,000 after purchasing an additional 751 shares during the last quarter. 86.84% of the stock is currently owned by institutional investors.

V.F. Company Profile

(Get Free Report)

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

Further Reading

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