VF (NYSE:VFC) Shares Gap Down – Here’s What Happened

VF Corporation (NYSE:VFC) gapped down before the market opened on Thursday . The stock had previously closed at $16.39, but opened at $14.50. VF shares last traded at $13.00, with a volume of 3,763,371 shares.

Wall Street Analysts Forecast Growth

VFC has been the topic of a number of research analyst reports. Guggenheim boosted their price target on shares of VF from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. UBS Group lifted their price objective on VF from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. BMO Capital Markets increased their target price on VF from $14.00 to $25.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted their price target on shares of VF from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.00 target price on shares of VF in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.67.

VF Stock Down 1.2 %

The firm has a market cap of $4.50 billion, a price-to-earnings ratio of -9.70, a PEG ratio of 6.77 and a beta of 1.46. 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 firm has a fifty day moving average price of $21.24 and a 200-day moving average price of $20.91.

VF (NYSE:VFC) last issued its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the business posted $0.57 EPS. As a group, sell-side analysts forecast 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. Shareholders of record on Monday, March 10th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Monday, March 10th. VF’s dividend payout ratio is currently -30.25%.

Institutional Trading of VF

Several institutional investors have recently made changes to their positions in VFC. CKW Financial Group increased its position 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of VF by 100.0% in the fourth 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 in the last quarter. TB Alternative Assets Ltd. acquired a new stake in shares of VF during the fourth quarter worth approximately $1,878,000. Fiduciary Alliance LLC grew its holdings in 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 in the last quarter. Finally, Segall Bryant & Hamill LLC increased its holdings in VF by 5.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock valued at $83,153,000 after buying an additional 211,440 shares during the last quarter. 86.84% of the stock is 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.