V.F. (NYSE:VFC) Shares Gap Down to $14.07

V.F. Co. (NYSE:VFC) gapped down before the market opened on Thursday . The stock had previously closed at $14.07, but opened at $13.75. V.F. shares last traded at $13.73, with a volume of 277,335 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VFC. Wells Fargo & Company dropped their price objective on V.F. from $14.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, May 23rd. StockNews.com cut V.F. from a “hold” rating to a “sell” rating in a report on Monday, May 27th. Citigroup lowered their target price on V.F. from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday, May 23rd. TD Cowen lowered their target price on V.F. from $14.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, May 23rd. Finally, BNP Paribas reissued a “neutral” rating and issued a $14.00 price target (down from $18.00) on shares of V.F. in a research report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, V.F. currently has an average rating of “Hold” and a consensus price target of $13.06.

V.F. Stock Performance

The business has a fifty day moving average of $12.99 and a 200 day moving average of $15.08. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.22 and a quick ratio of 0.71.

V.F. (NYSE:VFC) last issued its quarterly earnings data on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34). V.F. had a positive return on equity of 13.14% and a negative net margin of 9.27%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the previous year, the business posted $0.17 earnings per share. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. As a group, analysts anticipate that V.F. Co. will post 0.85 EPS for the current year.

V.F. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Monday, June 10th were given a $0.09 dividend. The ex-dividend date was Monday, June 10th. This represents a $0.36 dividend on an annualized basis and a yield of 2.64%. V.F.’s payout ratio is currently -14.40%.

Insider Buying and Selling at V.F.

In other V.F. news, Director Richard Carucci purchased 25,000 shares of V.F. stock in a transaction dated Thursday, June 13th. The shares were acquired at an average price of $13.78 per share, with a total value of $344,500.00. Following the completion of the transaction, the director now owns 215,130 shares of the company’s stock, valued at $2,964,491.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Bracken Darrell purchased 75,200 shares of the company’s stock in a transaction on Monday, June 10th. The shares were bought at an average cost of $13.26 per share, for a total transaction of $997,152.00. Following the completion of the purchase, the insider now directly owns 219,972 shares of the company’s stock, valued at approximately $2,916,828.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Carucci purchased 25,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was bought at an average price of $13.78 per share, for a total transaction of $344,500.00. Following the completion of the purchase, the director now directly owns 215,130 shares of the company’s stock, valued at $2,964,491.40. The disclosure for this purchase can be found here. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On V.F.

A number of hedge funds and other institutional investors have recently bought and sold shares of VFC. Wolff Wiese Magana LLC raised its stake in shares of V.F. by 2,835.6% during the 4th quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock worth $25,000 after buying an additional 1,276 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of V.F. during the 4th quarter worth $25,000. Mather Group LLC. acquired a new position in shares of V.F. during the 1st quarter worth $27,000. Allworth Financial LP raised its stake in shares of V.F. by 111.5% during the 4th quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock worth $34,000 after buying an additional 958 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of V.F. during the 1st quarter worth $31,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

V.F. Company Profile

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.