VF Corporation (NYSE:VFC – Get 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:VFC – Get 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
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
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.
See Also
- Five stocks we like better than VF
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains
- Dividend Payout Ratio Calculator
- Microsoft and Meta’s AI Investment Plans Are Full Steam Ahead
- What is the NASDAQ Stock Exchange?
- Beyond Self-Driving Cars: Factory Automation Takes Center Stage
Receive News & Ratings for VF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VF and related companies with MarketBeat.com's FREE daily email newsletter.