VF (NYSE:VFC) Trading 5.8% Higher - Still a Buy?

Shares of VF Corporation (NYSE:VFC - Get Free Report) shot up 5.8% during trading on Friday . The stock traded as high as $21.62 and last traded at $21.62. 527,282 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 8,008,392 shares. The stock had previously closed at $20.43.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on VFC shares. JPMorgan Chase & Co. boosted their price target on shares of VF from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. Wells Fargo & Company lowered shares of VF from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $16.00 to $15.00 in a research report on Monday, October 14th. Telsey Advisory Group lifted their price objective on VF from $19.00 to $21.00 and gave the company a "market perform" rating in a report on Tuesday, October 29th. Stifel Nicolaus increased their target price on VF from $21.00 to $25.00 and gave the stock a "buy" rating in a report on Monday, October 14th. Finally, Truist Financial began coverage on VF in a research note on Thursday. They issued a "hold" rating and a $20.00 price target on the stock. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $18.29.

VF Stock Performance

The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of -12.17, a price-to-earnings-growth ratio of 7.93 and a beta of 1.49. The stock has a 50-day moving average of $19.94 and a 200 day moving average of $17.16.

VF (NYSE:VFC - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.19. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. VF's revenue for the quarter was down 5.6% compared to the same quarter last year. On average, analysts expect that VF Corporation will post 0.49 EPS for the current year.

VF Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.71%. VF's dividend payout ratio (DPR) is presently -20.81%.

Institutional Trading of VF

Institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Advisors LLC acquired a new stake in VF during the 1st quarter worth $317,000. Capital Investment Advisors LLC bought a new position in shares of VF during the 2nd quarter valued at about $295,000. Dnca Finance bought a new position in shares of VF during the 2nd quarter valued at about $59,000. Sterling Group Wealth Management LLC acquired a new position in shares of VF in the 2nd quarter valued at approximately $135,000. Finally, Sequoia Financial Advisors LLC bought a new stake in VF during the 2nd quarter worth approximately $174,000. 86.84% of the stock is owned by institutional investors.

About VF

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.