VF (NYSE:VFC) Trading Down 8.4% – Should You Sell?

VF Corporation (NYSE:VFC) shares were down 8.4% during trading on Tuesday . The stock traded as low as $22.68 and last traded at $22.29. Approximately 2,521,293 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 5,536,466 shares. The stock had previously closed at $24.34.

Analyst Ratings Changes

Several research analysts recently commented on VFC shares. Barclays lifted their target price on shares of VF from $29.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Argus upgraded shares of VF from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, December 17th. Telsey Advisory Group reiterated a “market perform” rating and issued a $21.00 target price on shares of VF in a report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their target price on shares of VF from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Finally, Truist Financial reiterated a “hold” rating and issued a $24.00 target price (up previously from $20.00) on shares of VF in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, VF currently has an average rating of “Hold” and an average target price of $22.75.

VF Stock Performance

The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56. The firm’s 50-day moving average price is $24.06 and its two-hundred day moving average price is $21.10. The firm has a market capitalization of $8.79 billion, a price-to-earnings ratio of -18.95, a price-to-earnings-growth ratio of 6.77 and a beta of 1.46.

VF (NYSE:VFC) last issued its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share 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 last year, the company posted $0.57 EPS. Sell-side analysts predict that VF Corporation will post 0.73 earnings per share for the current year.

VF Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be given a $0.09 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.36 dividend on an annualized basis and a yield of 1.60%. VF’s dividend payout ratio (DPR) is presently -30.25%.

Hedge Funds Weigh In On VF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC boosted its position in VF by 1.8% in the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock valued at $73,084,000 after buying an additional 65,919 shares in the last quarter. Hanseatic Management Services Inc. acquired a new position in VF in the third quarter valued at about $640,000. TB Alternative Assets Ltd. acquired a new position in VF in the fourth quarter valued at about $1,878,000. Thurston Springer Miller Herd & Titak Inc. boosted its position 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 valued at $129,000 after buying an additional 3,008 shares in the last quarter. Finally, Fiduciary Alliance LLC boosted its position in VF by 6.8% in the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after buying an additional 16,431 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

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.