VF (NYSE:VFC) Reaches New 1-Year Low - Here's What Happened

VF Corporation (NYSE:VFC - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $10.46 and last traded at $10.57, with a volume of 3023015 shares trading hands. The stock had previously closed at $11.68.

Analyst Upgrades and Downgrades

VFC has been the topic of a number of research analyst reports. OTR Global raised shares of VF from a "mixed" rating to a "positive" rating in a research report on Friday, January 10th. Argus upgraded shares of VF from a "hold" rating to a "buy" rating and set a $25.00 price objective for the company in a report on Tuesday, December 17th. Guggenheim upped their target price on VF from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised their target price on VF from $20.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Finally, Barclays upped their price target on VF from $29.00 to $34.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $22.10.

VF Stock Performance

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 $3.78 billion, a PE ratio of -8.16, a price-to-earnings-growth ratio of 6.77 and a beta of 1.57. The business's 50 day simple moving average is $20.94 and its two-hundred day simple moving average is $20.89.

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VF (NYSE:VFC - Get Free Report) last announced its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) 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 previous year, the business earned $0.57 EPS. Research analysts expect that VF Corporation will post 0.73 earnings per share for the current fiscal year.

VF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given 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 dividend yield of 3.71%. VF's dividend payout ratio is -30.25%.

Institutional Trading of VF

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of VF by 1,355.2% in the first quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker's stock worth $6,276,000 after buying an additional 376,615 shares in the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of VF by 5.8% during the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker's stock worth $83,153,000 after acquiring an additional 211,440 shares in the last quarter. TB Alternative Assets Ltd. bought a new position in shares of VF during the 4th quarter valued at approximately $1,878,000. Fiduciary Alliance LLC grew its holdings in shares of 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 purchasing an additional 16,431 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased 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 worth $129,000 after purchasing an additional 3,008 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company's stock.

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.