VF (NYSE:VFC) Shares Gap Down - Here's What Happened

VF Corporation (NYSE:VFC - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $16.39, but opened at $14.50. VF shares last traded at $13.00, with a volume of 3,763,371 shares traded.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Robert W. Baird raised their target price on shares of VF from $23.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. UBS Group increased their price objective on shares of VF from $24.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price objective 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. Wells Fargo & Company cut their target price on VF from $21.00 to $18.00 and set an "underweight" rating on the stock in a report on Friday, March 7th. Finally, Argus raised VF from a "hold" rating to a "buy" rating and set a $25.00 price target for the company in a research report on Tuesday, December 17th. Two 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $22.67.

VF Price Performance

The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00. The stock has a fifty day simple moving average of $21.24 and a 200-day simple moving average of $20.93. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of -9.70, a P/E/G ratio of 6.77 and a beta of 1.57.

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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 EPS for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the company earned $0.57 earnings per share. On average, equities research analysts anticipate that VF Corporation will post 0.73 EPS for the current year.

VF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Monday, March 10th. VF's dividend payout ratio (DPR) is -30.25%.

Hedge Funds Weigh In On VF

Several large investors have recently bought and sold shares of VFC. CKW Financial Group lifted its position in VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock worth $47,000 after acquiring an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 valued at $129,000 after purchasing an additional 3,008 shares during the last quarter. TB Alternative Assets Ltd. purchased a new position in VF during the 4th quarter valued at about $1,878,000. Fiduciary Alliance LLC raised its position in shares of VF by 6.8% during the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker's stock worth $5,505,000 after purchasing an additional 16,431 shares during the last quarter. Finally, Segall Bryant & Hamill LLC lifted its position in shares of 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 acquiring 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.