VF (NYSE:VFC) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of VF Corporation (NYSE:VFC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.94 and traded as high as $22.03. VF shares last traded at $21.88, with a volume of 1,835,946 shares.

Analysts Set New Price Targets

VFC has been the topic of several research reports. The Goldman Sachs Group initiated 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. Jefferies Financial Group initiated coverage on VF in a research report on Friday, September 27th. They set a “hold” rating and a $20.00 price target on the stock. Robert W. Baird upped their price objective on VF from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Guggenheim raised their price objective on VF from $25.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, TD Cowen upped their target price on VF from $16.00 to $19.00 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.11.

VF Trading Up 1.1 %

The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 2.86. The firm’s fifty day moving average is $20.44 and its two-hundred day moving average is $17.99. The firm has a market cap of $8.61 billion, a P/E ratio of -12.79, a PEG ratio of 8.19 and a beta of 1.49.

VF (NYSE:VFC) last announced its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. Analysts predict that VF Corporation will post 0.48 earnings per share for the current fiscal year.

VF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Tuesday, December 10th. VF’s payout ratio is presently -20.81%.

Institutional Trading of VF

A number of hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in VF by 23.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,481,600 shares of the textile maker’s stock valued at $33,502,000 after acquiring an additional 473,373 shares during the period. HB Wealth Management LLC purchased a new position in shares of VF during the second quarter valued at approximately $154,000. Financial Advocates Investment Management purchased a new stake in shares of VF in the 2nd quarter worth approximately $181,000. Burney Co. increased its position in VF by 13.6% during the 2nd quarter. Burney Co. now owns 14,795 shares of the textile maker’s stock valued at $200,000 after buying an additional 1,768 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its stake in VF by 125.2% during the second quarter. Arkadios Wealth Advisors now owns 22,891 shares of the textile maker’s stock valued at $309,000 after buying an additional 12,727 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

About VF

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.