Short Interest in VF Corporation (NYSE:VFC) Decreases By 15.2%

VF Corporation (NYSE:VFCGet Free Report) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 24,980,000 shares, a decrease of 15.2% from the December 31st total of 29,470,000 shares. Based on an average daily volume of 6,310,000 shares, the short-interest ratio is currently 4.0 days. Approximately 6.8% of the shares of the company are short sold.

VF Stock Down 3.5 %

VFC traded down $0.95 during trading on Friday, reaching $25.99. The company had a trading volume of 5,502,368 shares, compared to its average volume of 6,107,785. The company has a market cap of $10.12 billion, a P/E ratio of -21.84, a PEG ratio of 10.01 and a beta of 1.45. VF has a 12 month low of $11.00 and a 12 month high of $29.02. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. The business’s fifty day moving average price is $22.41 and its 200 day moving average price is $19.79.

VF (NYSE:VFCGet 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 the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 15.35% and a negative net margin of 4.63%. During the same period in the prior year, the business posted $0.57 EPS. Equities analysts anticipate that VF will post 0.48 EPS for the current year.

VF Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.39%. VF’s dividend payout ratio is -30.25%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC increased its stake in shares of VF by 1.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after purchasing an additional 65,919 shares during the last quarter. Fiduciary Alliance LLC increased its position in VF by 6.8% during the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after buying an additional 16,431 shares during the last quarter. Sei Investments Co. raised its stake in VF by 26.7% in the second quarter. Sei Investments Co. now owns 207,120 shares of the textile maker’s stock valued at $2,796,000 after buying an additional 43,697 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in shares of VF by 90.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock valued at $2,737,000 after buying an additional 96,442 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in shares of VF by 40.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 107,700 shares of the textile maker’s stock worth $2,149,000 after acquiring an additional 30,800 shares during the period. 86.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on VFC. Argus raised shares of VF from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, December 17th. OTR Global raised shares of VF from a “mixed” rating to a “positive” rating in a research report on Friday, January 10th. Robert W. Baird lifted their price objective on VF from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. increased their target price on VF from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Finally, Jefferies Financial Group boosted their price target on VF from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, VF presently has a consensus rating of “Hold” and a consensus price target of $22.47.

Get Our Latest Stock Report on VF

About VF

(Get Free Report)

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.

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