VF (NYSE:VFC) Stock Price Up 2.6% - Time to Buy?

Shares of VF Corporation (NYSE:VFC - Get Free Report) were up 2.6% on Friday . The stock traded as high as $16.60 and last traded at $16.68. Approximately 755,463 shares traded hands during trading, a decline of 90% from the average daily volume of 7,241,578 shares. The stock had previously closed at $16.25.

Analyst Ratings Changes

VFC has been the topic of several recent analyst reports. Robert W. Baird upped their target price on VF from $23.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. OTR Global raised shares of VF from a "mixed" rating to a "positive" rating in a research report on Friday, January 10th. Guggenheim raised their price target on shares of VF from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Truist Financial reiterated a "hold" rating and set a $24.00 price objective (up from $20.00) on shares of VF in a research note on Thursday, January 30th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $28.00 target price on shares of VF in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, VF presently has an average rating of "Hold" and an average target price of $22.90.

VF Stock Up 4.1 %

The company has a market cap of $6.64 billion, a PE ratio of -14.29, a P/E/G ratio of 6.77 and a beta of 1.46. The business has a 50-day simple moving average of $23.01 and a 200-day simple moving average of $21.13. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31.

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VF (NYSE:VFC - Get Free Report) last released 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 negative net margin of 4.63% and a positive return on equity of 14.86%. During the same period in the previous year, the company posted $0.57 EPS. Equities research analysts anticipate that VF Corporation will post 0.73 EPS for the current year.

VF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a dividend of $0.09 per share. The ex-dividend date was Monday, March 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.11%. VF's dividend payout ratio (DPR) is presently -30.25%.

Institutional Investors Weigh In On VF

Several large investors have recently bought and sold shares of VFC. CKW Financial Group boosted its stake in shares of VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock worth $47,000 after acquiring an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 buying an additional 3,008 shares in the last quarter. Fiduciary Alliance LLC raised 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 buying an additional 16,431 shares during the last quarter. TB Alternative Assets Ltd. acquired a new position in VF during the fourth quarter worth about $1,878,000. Finally, Segall Bryant & Hamill LLC grew its stake in VF by 5.8% during 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 acquiring an additional 211,440 shares in the last quarter. 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.