VF (NYSE:VFC) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

VF Corporation (NYSE:VFC - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.94 and traded as high as $22.03. VF shares last traded at $21.88, with a volume of 1,835,946 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VFC. Stifel Nicolaus raised their target price on shares of VF from $21.00 to $25.00 and gave the stock a "buy" rating in a research report on Monday, October 14th. Robert W. Baird raised their price objective on VF from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Telsey Advisory Group upped their target price on VF from $19.00 to $21.00 and gave the stock a "market perform" rating in a report on Tuesday, October 29th. The Goldman Sachs Group began coverage on VF in a research note on Friday, October 11th. They set a "neutral" rating and a $20.00 price target on the stock. Finally, Barclays upped their price objective on shares of VF from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note 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, the company presently has a consensus rating of "Hold" and a consensus target price of $19.11.

VF Stock Up 1.1 %

The firm's 50-day simple moving average is $20.44 and its two-hundred day simple moving average is $17.99. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of -12.79, a price-to-earnings-growth ratio of 8.19 and a beta of 1.49.

VF (NYSE:VFC - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, topping the consensus estimate of $0.41 by $0.19. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period in the previous year, the firm earned $0.63 EPS. The business's revenue for the quarter was down 5.6% compared to the same quarter last year. Sell-side analysts predict that VF Corporation will post 0.48 EPS for the current fiscal year.

VF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were given a dividend of $0.09 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.36 dividend on an annualized basis and a yield of 1.63%. VF's dividend payout ratio (DPR) is currently -20.81%.

Hedge Funds Weigh In On VF

Several large investors have recently added to or reduced their stakes in VFC. Arkadios Wealth Advisors raised its stake in shares of VF by 5.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker's stock valued at $481,000 after acquiring an additional 1,217 shares during the period. Arizona State Retirement System lifted its stake in shares of VF by 1.9% during the second 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. boosted its position in shares of VF by 13.6% in the second quarter. Burney Co. now owns 14,795 shares of the textile maker's stock worth $200,000 after buying an additional 1,768 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of VF in the third quarter valued at about $40,000. Finally, Signaturefd LLC raised its holdings in shares of VF by 18.6% during the 2nd quarter. Signaturefd LLC now owns 14,773 shares of the textile maker's stock valued at $199,000 after buying an additional 2,318 shares during the period. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

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.