V.F. (NYSE:VFC) Shares Up 2.9%

V.F. Co. (NYSE:VFC)’s stock price shot up 2.9% on Wednesday . The company traded as high as $18.36 and last traded at $18.31. 2,736,795 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 8,481,798 shares. The stock had previously closed at $17.79.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on VFC shares. Barclays raised their price objective on shares of V.F. from $12.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. UBS Group raised their price target on shares of V.F. from $12.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Stifel Nicolaus dropped their price objective on V.F. from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. TD Cowen raised their target price on V.F. from $9.00 to $16.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company boosted their target price on V.F. from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.50.

V.F. Stock Performance

The business has a fifty day simple moving average of $15.65 and a two-hundred day simple moving average of $14.58. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84. The company has a market cap of $7.09 billion, a P/E ratio of -7.28, a P/E/G ratio of 1.83 and a beta of 1.52.

V.F. (NYSE:VFC) last announced its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. V.F. had a positive return on equity of 11.75% and a negative net margin of 11.39%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the company posted ($0.15) EPS. The firm’s revenue was down 8.9% on a year-over-year basis. On average, sell-side analysts anticipate that V.F. Co. will post 0.79 EPS for the current year.

V.F. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.98%. The ex-dividend date is Tuesday, September 10th. V.F.’s dividend payout ratio is presently -14.40%.

Insider Buying and Selling

In other news, Director Richard Carucci bought 15,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was purchased at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the acquisition, the director now owns 230,178 shares of the company’s stock, valued at $3,843,972.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other V.F. news, Director Richard Carucci purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was purchased at an average cost of $16.70 per share, with a total value of $250,500.00. Following the purchase, the director now owns 230,178 shares of the company’s stock, valued at $3,843,972.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bracken Darrell bought 75,200 shares of the stock in a transaction dated Monday, June 10th. The shares were bought at an average cost of $13.26 per share, with a total value 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 disclosure for this purchase can be found here. Over the last quarter, insiders purchased 115,200 shares of company stock worth $1,592,152. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of V.F.

Institutional investors and hedge funds have recently made changes to their positions in the company. Eagle Bay Advisors LLC bought a new position in V.F. in the fourth quarter worth approximately $25,000. Mather Group LLC. acquired a new stake in shares of V.F. during the first quarter worth about $27,000. Future Financial Wealth Managment LLC purchased a new stake in V.F. in the first quarter valued at $31,000. Bank & Trust Co purchased a new position in V.F. during the second quarter valued at approximately $35,000. Finally, Versant Capital Management Inc lifted its stake in shares of V.F. by 6,981.1% in the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 2,583 shares during the period. 86.84% of the stock is currently owned by institutional investors.

About V.F.

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.