VF (NYSE:VFC) Reaches New 1-Year Low on Analyst Downgrade

VF Corporation (NYSE:VFC - Get Free Report)'s stock price reached a new 52-week low on Thursday after Piper Sandler lowered their price target on the stock from $18.00 to $12.00. Piper Sandler currently has a neutral rating on the stock. VF traded as low as $9.41 and last traded at $12.42, with a volume of 28085847 shares changing hands. The stock had previously closed at $9.74.

Several other brokerages have also issued reports on VFC. Citigroup lowered VF from a "buy" rating to a "neutral" rating and reduced their target price for the company from $30.00 to $12.00 in a research report on Monday, April 7th. Barclays lifted their price target on VF from $29.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on shares of VF from $20.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Robert W. Baird raised their price target on shares of VF from $23.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Finally, Jefferies Financial Group upped their target price on shares of VF from $21.00 to $24.00 and gave the stock a "hold" rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $22.35.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Segall Bryant & Hamill LLC increased its position in shares of VF by 5.8% during the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker's stock worth $83,153,000 after purchasing an additional 211,440 shares in the last quarter. Rhumbline Advisers increased its position in VF by 11.0% during the first quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker's stock worth $14,414,000 after buying an additional 92,174 shares during the period. GAMMA Investing LLC boosted its holdings 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 valued at $6,276,000 after acquiring an additional 376,615 shares during the period. Fiduciary Alliance LLC increased its holdings in shares of VF by 16.4% in the 1st quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker's stock valued at $4,634,000 after acquiring an additional 42,065 shares during the period. Finally, TB Alternative Assets Ltd. purchased a new position in VF during the 4th quarter worth $1,878,000. Institutional investors and hedge funds own 86.84% of the company's stock.

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VF Stock Down 3.0 %

The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. The business's fifty day moving average price is $18.91 and its 200 day moving average price is $20.50. The firm has a market capitalization of $4.26 billion, a PE ratio of -9.17, a PEG ratio of 6.77 and a beta of 1.57.

VF (NYSE:VFC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) 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 period in the previous year, the company posted $0.57 EPS. On average, equities research analysts forecast that VF Corporation will post 0.73 earnings per share for the current fiscal year.

VF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Monday, March 10th. VF's dividend payout ratio (DPR) is -30.25%.

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.