VF (NYSE:VFC) Shares Up 6.2% - Here's What Happened

VF Corporation (NYSE:VFC - Get Free Report) rose 6.2% on Friday . The company traded as high as $20.07 and last traded at $19.96. Approximately 1,090,141 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 8,151,347 shares. The stock had previously closed at $18.79.

Analysts Set New Price Targets

VFC has been the topic of a number of research reports. UBS Group increased their price objective on VF from $12.00 to $17.00 and gave the stock a "neutral" rating in a report on Friday, August 16th. Argus upgraded shares of VF to a "hold" rating in a research note on Wednesday, August 28th. BMO Capital Markets raised their target price on VF from $13.00 to $14.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 7th. Wedbush reaffirmed a "neutral" rating and set a $13.00 price objective on shares of VF in a report on Monday, August 5th. Finally, Evercore ISI boosted their price target on VF from $14.00 to $16.00 and gave the company an "in-line" rating in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $18.19.

VF Trading Up 5.1 %

The firm's 50-day moving average price is $19.57 and its 200-day moving average price is $16.61. The company has a market cap of $7.69 billion, a P/E ratio of -11.41, a price-to-earnings-growth ratio of 7.16 and a beta of 1.52. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 2.86.

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

VF Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Tuesday, December 10th. VF's payout ratio is currently -20.81%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. lifted its position in VF by 74.9% during the first quarter. Bessemer Group Inc. now owns 16,421 shares of the textile maker's stock valued at $253,000 after purchasing an additional 7,030 shares during the last quarter. Natixis bought a new position in VF in the first quarter worth approximately $535,000. Capital World Investors bought a new stake in VF during the 1st quarter valued at $30,527,000. Quadrature Capital Ltd raised its position in VF by 302.4% during the 1st quarter. Quadrature Capital Ltd now owns 181,655 shares of the textile maker's stock valued at $2,787,000 after purchasing an additional 136,507 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of VF by 0.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 442,206 shares of the textile maker's stock worth $6,784,000 after buying an additional 1,694 shares in the last quarter. Institutional investors own 86.84% of the company's stock.

VF Company Profile

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.