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

VF Corporation (NYSE:VFC - Get Free Report) shares gapped down prior to trading 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 traded.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Telsey Advisory Group reiterated a "market perform" rating and set a $27.00 price objective on shares of VF in a research note on Friday, March 7th. UBS Group increased their price objective on VF from $24.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Piper Sandler restated a "neutral" rating and set a $18.00 target price on shares of VF in a research note on Thursday. BMO Capital Markets raised their price target on VF from $14.00 to $25.00 and gave the stock a "market perform" rating in a report on Thursday, January 30th. Finally, The Goldman Sachs Group upped their price objective on shares of VF from $22.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, VF has a consensus rating of "Hold" and a consensus price target of $22.67.

VF Stock Performance

The firm's fifty day moving average price is $22.32 and its two-hundred day moving average price is $21.09. The stock has a market capitalization of $6.05 billion, a PE ratio of -13.05, a price-to-earnings-growth ratio of 6.77 and a beta of 1.46. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31.

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VF (NYSE:VFC - Get Free Report) last posted its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, topping 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 last year, the company posted $0.57 EPS. As a group, equities research analysts forecast that VF Corporation will post 0.73 EPS for the current year.

VF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Monday, March 10th. VF's payout ratio is presently -30.25%.

Institutional Trading of VF

Several institutional investors have recently modified their holdings of VFC. Segall Bryant & Hamill LLC lifted its stake in VF by 5.8% in the 4th 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. Fiduciary Alliance LLC lifted its position in shares of VF by 6.8% in the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker's stock valued at $5,505,000 after acquiring an additional 16,431 shares in the last quarter. TB Alternative Assets Ltd. acquired a new stake in shares of VF in the fourth quarter worth approximately $1,878,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of VF by 100.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker's stock worth $129,000 after purchasing an additional 3,008 shares in the last quarter. Finally, CKW Financial Group raised its stake in VF by 29.4% in the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock valued at $47,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds 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.