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

Shares of VF Corporation (NYSE:VFC) gapped down prior to trading 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 changing hands.

Analyst Ratings Changes

Several brokerages have recently weighed in on VFC. Robert W. Baird lifted their target price on shares of VF from $23.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Guggenheim increased their target price on VF from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Barclays boosted their price target on VF from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Piper Sandler reiterated a “neutral” rating and set a $18.00 price objective on shares of VF in a research note on Thursday. Finally, BMO Capital Markets boosted their target price on shares of VF from $14.00 to $25.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.67.

VF Stock Performance

The firm’s 50-day moving average price is $22.48 and its 200 day moving average price is $21.05. The company has a market cap of $6.14 billion, a price-to-earnings ratio of -13.28, a PEG ratio of 6.77 and a beta of 1.46. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56.

VF (NYSE:VFC) last issued its earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the business posted $0.57 earnings per share. On average, sell-side analysts anticipate that VF Corporation will post 0.73 EPS for the current year.

VF Announces Dividend

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

Institutional Investors Weigh In On VF

Large investors have recently bought and sold shares of the company. TB Alternative Assets Ltd. bought a new position in shares of VF during the fourth quarter worth $1,878,000. Segall Bryant & Hamill LLC raised its stake in VF by 5.8% during the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock worth $83,153,000 after buying an additional 211,440 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 worth $129,000 after acquiring an additional 3,008 shares in the last quarter. CKW Financial Group grew its stake in VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 500 shares during the period. Finally, Fiduciary Alliance LLC increased its holdings in shares of VF by 6.8% in the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after acquiring an additional 16,431 shares in the last quarter. Institutional investors own 86.84% of the company’s stock.

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.