V.F. (NYSE:VFC) Hits New 1-Year Low – What’s Next?

V.F. Corporation (NYSE:VFC)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $13.00 and last traded at $13.1320, with a volume of 3417039 shares changing hands. The stock had previously closed at $13.44.

Analyst Ratings Changes

Several analysts have issued reports on the stock. BTIG Research reissued a “buy” rating on shares of V.F. in a research note on Friday, July 24th. Williams Trading set a $19.00 target price on V.F. in a research note on Sunday, May 17th. Needham & Company LLC reduced their price target on V.F. from $25.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, July 29th. Wells Fargo & Company decreased their price target on V.F. from $18.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Finally, Truist Financial dropped their price objective on V.F. from $15.00 to $14.00 and set a “hold” rating for the company in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, V.F. presently has an average rating of “Hold” and a consensus target price of $18.21.

V.F. Price Performance

The stock has a 50-day moving average price of $15.57 and a two-hundred day moving average price of $17.09. The company has a current ratio of 1.43, a quick ratio of 0.78 and a debt-to-equity ratio of 1.70. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 0.94 and a beta of 1.57.

V.F. (NYSE:VFC) last announced its quarterly earnings data on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.05). The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.64 billion. V.F. had a return on equity of 18.91% and a net margin of 2.88%.The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.24) earnings per share. As a group, equities research analysts forecast that V.F. Corporation will post 1.07 EPS for the current year.

V.F. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.7%. V.F.’s dividend payout ratio is presently 52.17%.

Insider Activity at V.F.

In other V.F. news, Director Richard Carucci bought 30,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was bought at an average price of $17.17 per share, with a total value of $515,100.00. Following the completion of the purchase, the director directly owned 336,043 shares in the company, valued at $5,769,858.31. The trade was a 9.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bracken Darrell bought 32,894 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was bought at an average cost of $14.98 per share, for a total transaction of $492,752.12. Following the transaction, the insider directly owned 1,402,109 shares of the company’s stock, valued at $21,003,592.82. The trade was a 2.40% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have bought 82,894 shares of company stock worth $1,302,452. Insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On V.F.

Hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LP raised its stake in V.F. by 343.7% in the second quarter. Corient Private Wealth LP now owns 212,198 shares of the textile maker’s stock valued at $3,539,000 after buying an additional 164,369 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in V.F. during the second quarter worth approximately $2,457,000. California State Teachers Retirement System raised its holdings in V.F. by 1,573.0% during the second quarter. California State Teachers Retirement System now owns 6,423,735 shares of the textile maker’s stock worth $107,148,000 after purchasing an additional 6,039,772 shares in the last quarter. Varenne Capital Partners purchased a new stake in shares of V.F. during the 2nd quarter worth approximately $13,671,000. Finally, HB Wealth Management LLC boosted its holdings in shares of V.F. by 4.9% in the 2nd quarter. HB Wealth Management LLC now owns 30,687 shares of the textile maker’s stock valued at $512,000 after buying an additional 1,428 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

V.F. Company Profile

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.