VF (NYSE:VFC) Trading Up 5.5% – Still a Buy?

VF Corporation (NYSE:VFC) was up 5.5% during mid-day trading on Friday . The company traded as high as $22.79 and last traded at $22.72. Approximately 2,011,755 shares were traded during trading, a decline of 47% from the average daily volume of 3,776,705 shares. The stock had previously closed at $21.54.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VFC shares. Wells Fargo & Company cut shares of VF from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $16.00 to $15.00 in a research note on Monday, October 14th. Citigroup raised their target price on shares of VF from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group assumed coverage on shares of VF in a research report on Friday, October 11th. They set a “neutral” rating and a $20.00 price objective on the stock. Truist Financial began coverage on shares of VF in a report on Thursday, December 5th. They issued a “hold” rating and a $20.00 target price for the company. Finally, OTR Global raised shares of VF from a “mixed” rating to a “positive” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $19.11.

VF Trading Up 5.8 %

The firm has a market capitalization of $8.87 billion, a PE ratio of -13.17, a PEG ratio of 8.19 and a beta of 1.45. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86. The business has a fifty day moving average price of $20.99 and a two-hundred day moving average price of $18.53.

VF (NYSE:VFC) last released its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.19. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the prior year, the business posted $0.63 EPS. The company’s revenue was down 5.6% compared to the same quarter last year. Analysts expect that VF Corporation will post 0.48 EPS for the current fiscal year.

VF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Tuesday, December 10th. VF’s dividend payout ratio (DPR) is -20.81%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VFC. Future Financial Wealth Managment LLC purchased a new stake in shares of VF in the third quarter valued at approximately $40,000. Abich Financial Wealth Management LLC purchased a new stake in shares of VF in the second quarter valued at approximately $60,000. Legacy Financial Advisors Inc. purchased a new stake in shares of VF in the second quarter valued at approximately $158,000. Citizens Financial Group Inc. RI purchased a new stake in shares of VF in the second quarter valued at approximately $196,000. Finally, J.W. Cole Advisors Inc. boosted its stake in shares of VF by 22.2% in the second quarter. J.W. Cole Advisors Inc. now owns 16,076 shares of the textile maker’s stock valued at $217,000 after buying an additional 2,919 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

About VF

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.