VF (NYSE:VFC) Share Price Crosses Above 200 Day Moving Average - Here's Why

Shares of VF Corporation (NYSE:VFC - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.15 and traded as high as $23.95. VF shares last traded at $23.70, with a volume of 4,466,681 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Truist Financial reissued a "hold" rating and issued a $24.00 target price (up previously from $20.00) on shares of VF in a research note on Thursday, January 30th. UBS Group lifted their price target on shares of VF from $24.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Jefferies Financial Group lifted their price target on shares of VF from $21.00 to $24.00 and gave the stock a "hold" rating in a research note on Tuesday, January 28th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $21.00 price target on shares of VF in a research note on Wednesday, January 29th. Finally, Guggenheim lifted their price target on shares of VF from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $22.75.

VF Price Performance

The company's fifty day moving average price is $23.13 and its 200 day moving average price is $20.33. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of -21.51, a price-to-earnings-growth ratio of 6.57 and a beta of 1.46.

VF (NYSE:VFC - Get Free Report) last posted its quarterly earnings results 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 period last year, the firm posted $0.57 earnings per share. Equities research analysts expect that VF Corporation will post 0.7 earnings per share for the current year.

VF Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Monday, March 10th. VF's dividend payout ratio (DPR) is presently -30.25%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VFC. CKW Financial Group boosted its stake in VF by 29.4% during 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 period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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 during the period. Sanctuary Advisors LLC acquired a new position in VF during the 2nd quarter valued at about $241,000. Arkadios Wealth Advisors boosted its stake in VF by 5.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker's stock valued at $481,000 after purchasing an additional 1,217 shares during the period. Finally, Hanseatic Management Services Inc. acquired a new position in VF during the 3rd quarter valued at about $640,000. 86.84% of the stock is owned by institutional investors and hedge funds.

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.