VF (NYSE:VFC) Shares Gap Down - Should You Sell?

VF Corporation (NYSE:VFC - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $16.47, but opened at $16.05. VF shares last traded at $15.79, with a volume of 516,617 shares trading hands.

Analyst Upgrades and Downgrades

VFC has been the subject of a number of recent research reports. BMO Capital Markets boosted their price objective on shares of VF from $14.00 to $25.00 and gave the stock a "market perform" rating in a research note on Thursday, January 30th. Piper Sandler reissued a "neutral" rating and issued a $18.00 price target on shares of VF in a research report on Thursday, March 27th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $27.00 price objective on shares of VF in a research report on Friday, March 7th. Barclays lifted their target price on VF from $29.00 to $34.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Finally, Truist Financial reissued a "hold" rating and set a $24.00 price target (up from $20.00) on shares of VF in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, VF presently has a consensus rating of "Hold" and a consensus target price of $22.67.

VF Stock Performance

The firm has a 50 day moving average price of $21.53 and a 200-day moving average price of $20.96. The stock has a market capitalization of $4.55 billion, a PE ratio of -9.80, a PEG ratio of 6.77 and a beta of 1.46. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31.

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

VF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were paid a dividend of $0.09 per share. The ex-dividend date was Monday, March 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.09%. VF's payout ratio is currently -30.25%.

Institutional Trading of VF

Hedge funds have recently modified their holdings of the stock. CKW Financial Group lifted its holdings in 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 acquiring an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of VF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker's stock valued at $129,000 after purchasing an additional 3,008 shares in the last quarter. TB Alternative Assets Ltd. acquired a new position in shares of VF in the 4th quarter valued at $1,878,000. Fiduciary Alliance LLC grew its position in VF by 6.8% during the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker's stock valued at $5,505,000 after buying an additional 16,431 shares during the period. Finally, Segall Bryant & Hamill LLC increased its holdings 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 buying an additional 211,440 shares in 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.