VF (NYSE:VFC) Trading 2.6% Higher – Should You Buy?

VF Corporation (NYSE:VFC) shares were up 2.6% on Friday . The company traded as high as $16.60 and last traded at $16.68. Approximately 755,463 shares were traded during trading, a decline of 90% from the average daily volume of 7,241,578 shares. The stock had previously closed at $16.25.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on VFC shares. Jefferies Financial Group lifted their price target on VF from $21.00 to $24.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Truist Financial reaffirmed a “hold” rating and set a $24.00 price target (up previously from $20.00) on shares of VF in a report on Thursday, January 30th. Robert W. Baird raised their price objective on shares of VF from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Wells Fargo & Company lowered their price objective on shares of VF from $21.00 to $18.00 and set an “underweight” rating on the stock in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of VF from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, VF presently has an average rating of “Hold” and a consensus price target of $22.90.

VF Stock Performance

The firm’s fifty day moving average price is $23.14 and its 200 day moving average price is $21.11. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $6.49 billion, a PE ratio of -14.00, a PEG ratio of 6.77 and a beta of 1.46.

VF (NYSE:VFC) last posted its quarterly 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 company posted $0.57 EPS. On average, research analysts anticipate that VF Corporation will post 0.73 earnings per share for the current year.

VF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Monday, March 10th. VF’s dividend payout ratio is presently -30.25%.

Institutional Investors Weigh In On VF

A number of large investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC boosted its holdings in VF by 5.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock worth $83,153,000 after purchasing an additional 211,440 shares in the last quarter. Fiduciary Alliance LLC boosted its holdings in 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 purchasing an additional 16,431 shares in the last quarter. TB Alternative Assets Ltd. bought a new stake in VF in the fourth quarter worth $1,878,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in VF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after purchasing an additional 3,008 shares in the last quarter. Finally, CKW Financial Group boosted its holdings in VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors.

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.