VF (NYSE:VFC) Shares Gap Down – Here’s Why

VF Corporation (NYSE:VFC) gapped down before the market opened on Friday . The stock had previously closed at $16.47, but opened at $16.05. VF shares last traded at $15.79, with a volume of 516,617 shares.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Guggenheim lifted their target price on shares of VF from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Telsey Advisory Group reissued a “market perform” rating and issued a $27.00 price objective on shares of VF in a research note on Friday, March 7th. UBS Group lifted their target price on VF from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. OTR Global raised shares of VF from a “mixed” rating to a “positive” rating in a research report on Friday, January 10th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $18.00 price objective on shares of VF in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $22.67.

VF Stock Performance

The company has a market cap of $6.14 billion, a price-to-earnings ratio of -13.28, a P/E/G ratio of 6.77 and a beta of 1.46. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00. The firm has a fifty day simple moving average of $22.48 and a 200 day simple moving average of $21.05.

VF (NYSE:VFC) last posted its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. During the same period last year, the firm posted $0.57 EPS. On average, sell-side analysts expect that VF Corporation will post 0.73 earnings per share for the current fiscal year.

VF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a dividend of $0.09 per share. The ex-dividend date was Monday, March 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.28%. VF’s dividend payout ratio is presently -30.25%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC increased its position in VF by 5.8% during the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock worth $83,153,000 after acquiring an additional 211,440 shares during the period. CKW Financial Group increased its holdings in shares of VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares during the period. TB Alternative Assets Ltd. acquired a new stake in VF during the fourth quarter worth about $1,878,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in VF by 100.0% during the fourth 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 during the period. Finally, Fiduciary Alliance LLC raised its holdings in 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. 86.84% of the stock is owned by institutional investors.

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.