VF (NYSE:VFC) Hits New 52-Week High - Still a Buy?

VF Corporation (NYSE:VFC - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $23.42 and last traded at $23.24, with a volume of 2258785 shares. The stock had previously closed at $22.59.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VFC shares. Guggenheim raised their target price on shares of VF from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Telsey Advisory Group raised their price objective on shares of VF from $19.00 to $21.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 29th. Citigroup boosted their target price on shares of VF from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, October 29th. Jefferies Financial Group began coverage on VF in a research report on Friday, September 27th. They issued a "hold" rating and a $20.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price target on VF from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $19.11.

VF Stock Down 1.5 %

The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 2.86. The company has a market cap of $8.66 billion, a price-to-earnings ratio of -12.86, a PEG ratio of 8.19 and a beta of 1.49. The business has a 50-day simple moving average of $20.13 and a two-hundred day simple moving average of $17.64.

VF (NYSE:VFC - Get Free Report) last announced its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.19. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. The firm had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.72 billion. During the same quarter in the prior year, the business earned $0.63 earnings per share. The company's revenue was down 5.6% on a year-over-year basis. As a group, equities analysts forecast that VF Corporation will post 0.48 earnings per share for the current fiscal year.

VF Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.36 annualized dividend and a yield of 1.62%. VF's dividend payout ratio (DPR) is presently -20.81%.

Institutional Trading of VF

Several hedge funds have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors lifted its stake in shares of VF by 5.3% in the third quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker's stock valued at $481,000 after buying an additional 1,217 shares during the period. Arizona State Retirement System grew its holdings in shares of VF by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 92,524 shares of the textile maker's stock worth $1,249,000 after purchasing an additional 1,681 shares in the last quarter. Burney Co. increased its position in shares of VF by 13.6% during the second quarter. Burney Co. now owns 14,795 shares of the textile maker's stock valued at $200,000 after purchasing an additional 1,768 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of VF in the third quarter valued at $40,000. Finally, Signaturefd LLC lifted its position in VF by 18.6% in the second quarter. Signaturefd LLC now owns 14,773 shares of the textile maker's stock worth $199,000 after purchasing an additional 2,318 shares during the period. Institutional investors own 86.84% of the company's stock.

VF Company Profile

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.