VF (NYSE:VFC) Trading Down 8.4% – Should You Sell?

VF Corporation (NYSE:VFC)’s stock price dropped 8.4% during trading on Tuesday . The stock traded as low as $22.68 and last traded at $22.29. Approximately 2,521,293 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 5,536,466 shares. The stock had previously closed at $24.34.

Analyst Ratings Changes

VFC has been the topic of several analyst reports. Telsey Advisory Group restated a “market perform” rating and issued a $21.00 price target on shares of VF in a research note on Wednesday, January 29th. Needham & Company LLC began coverage on shares of VF in a research note on Wednesday, February 12th. They set a “buy” rating and a $28.00 price objective on the stock. Robert W. Baird raised their price objective on shares of VF from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. raised their price objective on shares of VF from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Finally, Barclays raised their price objective on shares of VF from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.75.

VF Stock Down 7.3 %

The business’s 50 day moving average is $24.06 and its 200 day moving average is $21.10. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of -18.95, a price-to-earnings-growth ratio of 6.77 and a beta of 1.46.

VF (NYSE:VFC) last posted its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, topping 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 last year, the business posted $0.57 earnings per share. Equities analysts expect that VF Corporation will post 0.73 earnings per share for the current year.

VF Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Monday, March 10th. VF’s dividend payout ratio (DPR) is currently -30.25%.

Institutional Investors Weigh In On VF

Institutional investors have recently modified their holdings of the stock. CKW Financial Group boosted its stake 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 valued at $47,000 after buying an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake 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 valued at $129,000 after buying an additional 3,008 shares during the period. Hanseatic Management Services Inc. acquired a new stake in shares of VF during the 3rd quarter valued at $640,000. TB Alternative Assets Ltd. bought a new position in shares of VF during the 4th quarter valued at $1,878,000. Finally, Fiduciary Alliance LLC raised 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 valued at $5,505,000 after purchasing an additional 16,431 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

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.