VF (NYSE:VFC) Stock Price Down 8.4% - What's Next?

VF Corporation (NYSE:VFC - Get Free Report)'s share price fell 8.4% during mid-day trading on Tuesday . The stock traded as low as $10.56 and last traded at $10.31. 5,891,968 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 7,567,861 shares. The stock had previously closed at $11.26.

Analysts Set New Price Targets

VFC has been the subject of several analyst reports. Truist Financial reaffirmed a "hold" rating and set a $24.00 price target (up previously from $20.00) on shares of VF in a research note on Thursday, January 30th. Needham & Company LLC reissued a "buy" rating and issued a $28.00 price target on shares of VF in a research note on Friday, March 7th. BMO Capital Markets upped 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. Stifel Nicolaus reduced their price target on shares of VF from $35.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Piper Sandler cut their price target on VF from $18.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $22.35.

VF Stock Down 2.9 %

The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. The stock has a 50-day simple moving average of $19.19 and a 200-day simple moving average of $20.55. The firm has a market capitalization of $4.33 billion, a PE ratio of -9.33, 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 released its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 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 period in the prior year, the firm posted $0.57 earnings per share. Analysts forecast 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 3.24%. The ex-dividend date of this dividend was Monday, March 10th. VF's dividend payout ratio (DPR) is presently -30.25%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VFC. Segall Bryant & Hamill LLC raised 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 worth $83,153,000 after buying an additional 211,440 shares in the last quarter. Rhumbline Advisers raised its position in VF by 11.0% in the 1st quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker's stock worth $14,414,000 after purchasing an additional 92,174 shares during the period. GAMMA Investing LLC lifted its stake in shares of VF by 1,355.2% in the 1st 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 during the last quarter. Fiduciary Alliance LLC lifted its position in VF by 16.4% in the first quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker's stock valued at $4,634,000 after purchasing an additional 42,065 shares during the last quarter. Finally, TB Alternative Assets Ltd. purchased a new stake in VF during the 4th quarter valued at $1,878,000. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

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.