VF Corporation (NYSE:VFC) Short Interest Update

VF Corporation (NYSE:VFC - Get Free Report) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 29,490,000 shares, a growth of 29.6% from the February 28th total of 22,760,000 shares. Approximately 8.0% of the shares of the company are sold short. Based on an average trading volume of 7,270,000 shares, the short-interest ratio is presently 4.1 days.

Hedge Funds Weigh In On VF

A number of hedge funds have recently added to or reduced their stakes in the stock. CKW Financial Group boosted its holdings in shares of 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 purchasing an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake 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 buying an additional 3,008 shares in the last quarter. Fiduciary Alliance LLC lifted its stake in shares of VF by 6.8% during the 4th 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 during the last quarter. TB Alternative Assets Ltd. bought a new stake in VF during the fourth quarter valued at about $1,878,000. Finally, Segall Bryant & Hamill LLC grew its stake 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 valued at $83,153,000 after purchasing an additional 211,440 shares during the last quarter. 86.84% of the stock is currently owned by institutional investors.

Remove Ads

VF Trading Down 1.6 %

Shares of NYSE VFC traded down $0.18 during trading hours on Friday, hitting $11.50. 21,137,200 shares of the company traded hands, compared to its average volume of 7,478,917. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of -9.65, a price-to-earnings-growth ratio of 6.77 and a beta of 1.46. VF has a 12 month low of $10.08 and a 12 month high of $29.02. The company's 50 day moving average price is $21.53 and its 200 day moving average price is $20.96. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31.

VF (NYSE:VFC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same period in the prior year, the business earned $0.57 EPS. On average, equities research analysts anticipate that VF will post 0.73 earnings per share for the current fiscal year.

VF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.36 dividend on an annualized basis and a yield of 3.13%. VF's payout ratio is -30.25%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of VF from $23.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Telsey Advisory Group reissued a "market perform" rating and set a $27.00 price target on shares of VF in a report on Friday, March 7th. Jefferies Financial Group boosted their price target on VF from $21.00 to $24.00 and gave the company a "hold" rating in a research note on Tuesday, January 28th. BMO Capital Markets raised their price objective on shares of VF from $14.00 to $25.00 and gave the stock a "market perform" rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of VF from $20.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, VF has an average rating of "Hold" and an average target price of $22.67.

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.