VF (NYSE:VFC) Trading 18.8% Higher - Should You Buy?

VF Corporation (NYSE:VFC - Get Free Report) traded up 18.8% during mid-day trading on Wednesday . The company traded as high as $11.45 and last traded at $11.57. 8,355,471 shares traded hands during trading, a decline of 2% from the average session volume of 8,506,255 shares. The stock had previously closed at $9.74.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VFC. Jefferies Financial Group increased their price objective on shares of VF from $21.00 to $24.00 and gave the company a "hold" rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price objective on VF from $20.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, January 16th. OTR Global raised shares of VF from a "mixed" rating to a "positive" rating in a report on Friday, January 10th. BMO Capital Markets increased their price objective on shares of VF from $14.00 to $25.00 and gave the company a "market perform" rating in a report on Thursday, January 30th. Finally, UBS Group lifted their target price on VF from $24.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $22.35.

VF Stock Performance

The business has a 50 day simple moving average of $19.19 and a two-hundred day simple moving average of $20.56. The firm has a market cap of $4.39 billion, a PE ratio of -9.46, a price-to-earnings-growth ratio of 6.77 and a beta of 1.57. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31.

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

VF Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Monday, March 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.20%. VF's dividend payout ratio is presently -30.25%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CKW Financial Group boosted its holdings in shares of 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 buying an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position 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 buying an additional 3,008 shares during the last quarter. TB Alternative Assets Ltd. purchased a new position in shares of VF during the fourth quarter worth $1,878,000. Fiduciary Alliance LLC raised its stake in shares of VF by 16.4% during the 1st quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker's stock valued at $4,634,000 after buying an additional 42,065 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in VF by 1,355.2% during 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 in the last quarter. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

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.