VF (NYSE:VFC) Trading Down 8.4% - Time to Sell?

VF Corporation (NYSE:VFC - Get Free Report) was down 8.4% on Tuesday . The stock traded as low as $22.68 and last traded at $22.29. Approximately 2,521,293 shares traded hands during trading, a decline of 54% from the average daily volume of 5,536,466 shares. The stock had previously closed at $24.34.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on VFC shares. Truist Financial reissued a "hold" rating and set a $24.00 price objective (up from $20.00) on shares of VF in a report on Thursday, January 30th. Jefferies Financial Group increased their price objective on VF from $21.00 to $24.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. Needham & Company LLC reissued a "buy" rating and set a $28.00 price objective on shares of VF in a report on Friday. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $27.00 price target on shares of VF in a report on Friday. Finally, BMO Capital Markets raised their price target on VF from $14.00 to $25.00 and gave the stock a "market perform" rating in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $22.90.

VF Stock Performance

The stock has a market cap of $7.45 billion, a PE ratio of -16.07, a P/E/G ratio of 6.77 and a beta of 1.46. The company has a fifty day moving average price of $24.02 and a 200 day moving average price of $21.17. 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 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 positive return on equity of 14.86% and a negative net margin of 4.63%. During the same period in the prior year, the company earned $0.57 EPS. Analysts expect that VF Corporation will post 0.73 earnings per share for the current year.

VF Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Monday, March 10th. VF's payout ratio is -30.25%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC raised its position in VF by 1.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker's stock valued at $73,084,000 after purchasing an additional 65,919 shares during the last quarter. TB Alternative Assets Ltd. purchased a new position in shares of VF during the 4th quarter worth approximately $1,878,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of 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 worth $129,000 after acquiring an additional 3,008 shares during the period. CKW Financial Group grew its holdings in shares of VF by 29.4% during the 4th 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 period. Finally, Fiduciary Alliance LLC grew its holdings in shares of VF by 6.8% during the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker's stock worth $5,505,000 after acquiring an additional 16,431 shares during the period. Institutional investors own 86.84% of the company's stock.

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.