V.F. (NYSE:VFC) Shares Gap Down – Here’s Why

Shares of V.F. Corporation (NYSE:VFC) gapped down before the market opened on Wednesday. The stock had previously closed at $17.03, but opened at $16.50. V.F. shares last traded at $16.3960, with a volume of 1,815,118 shares trading hands.

Key V.F. News

Here are the key news stories impacting V.F. this week:

• Positive Sentiment: VFC reported adjusted earnings of $0.70 per share, well above the $0.54 analyst consensus, while revenue of approximately $2.70 billion also exceeded expectations of $2.66 billion. Earnings increased from $0.52 per share a year earlier. V.F. Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Net income rose to $285.3 million from $189.8 million, while operating income reached $367.9 million, representing a 13.7% operating margin. The North Face revenue increased 4% to $1.21 billion and Timberland revenue rose 4% to $525.9 million. VF Q2 Net Income Rises
• Positive Sentiment: Management reaffirmed fiscal 2027 guidance, including constant-currency revenue growth of at least 2% and an adjusted operating margin of approximately 8%. VFC also maintained its quarterly dividend at $0.09 per share. VF Q2 Profit Surges
• Neutral Sentiment: Vans remains the key weakness: revenue declined 10% to $547.6 million. Management expects Vans wholesale performance to improve during the second half, but the brand’s continued decline limits the impact of gains at The North Face and Timberland. VF Finds Its Winning Formula
• Negative Sentiment: Total revenue fell approximately 4% year over year, with wholesale revenue down 6%. The decline reinforces concerns that VFC’s turnaround remains uneven despite improved profitability and a quarterly earnings beat. V.F. Q2 Key Metrics Versus Estimates
• Negative Sentiment: Recent technical coverage noted that VFC shares had broken below their 200-day moving average, while a separate report indicated that the consensus price target was reduced. These factors may be contributing to selling pressure following the results. V.F. Shares Break Below 200-Day Moving Average

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $21.00 price objective on shares of V.F. in a research note on Monday. UBS Group set a $17.00 target price on V.F. in a research note on Monday, October 19th. JPMorgan Chase & Co. upgraded shares of V.F. from an “underweight” rating to a “neutral” rating and set a $18.00 price objective on the stock in a research note on Friday, October 9th. Williams Trading set a $22.00 target price on shares of V.F. in a research report on Thursday, October 15th. Finally, The Goldman Sachs Group decreased their target price on shares of V.F. from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, V.F. currently has a consensus rating of “Hold” and a consensus price target of $18.14.

V.F. Price Performance

The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 23.99 and a beta of 1.56. The business has a fifty day moving average of $14.47 and a 200 day moving average of $16.98.

V.F. (NYSE:VFC) last posted its earnings results on Wednesday, October 28th. The textile maker reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.16. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.66 billion. V.F.’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. On average, analysts expect that V.F. Corporation will post 1.10 EPS for the current year.

Insiders Place Their Bets

In other V.F. news, Director Richard Carucci acquired 20,000 shares of V.F. stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of $14.73 per share, with a total value of $294,600.00. Following the purchase, the director owned 356,215 shares in the company, valued at approximately $5,247,046.95. This trade represents a 5.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bracken Darrell acquired 32,894 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average price of $14.98 per share, with a total value of $492,752.12. Following the completion of the acquisition, the insider directly owned 1,402,109 shares of the company’s stock, valued at $21,003,592.82. This represents a 2.40% increase in their position. The SEC filing for this purchase provides additional information. 1.54% of the stock is currently owned by company insiders.

Institutional Trading of V.F.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its stake in shares of V.F. by 27.9% during the 1st quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock worth $46,000 after acquiring an additional 588 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of V.F. by 282.9% during the 1st quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 2,255 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of V.F. by 27.3% during the 2nd quarter. IFP Advisors Inc now owns 6,682 shares of the textile maker’s stock valued at $111,000 after acquiring an additional 1,431 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of V.F. by 213.7% in the 2nd quarter. Versant Capital Management Inc now owns 8,078 shares of the textile maker’s stock valued at $135,000 after acquiring an additional 5,503 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of V.F. in the 2nd quarter valued at approximately $171,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

V.F. Company Profile

V.F. Corporation, commonly known as VF Corporation, is a global apparel, footwear and accessories company. Its brand portfolio includes The North Face, Vans, Timberland, Dickies, JanSport, Smartwool, Icebreaker, Kipling, Eastpak and Napapijri. These brands serve outdoor, active, workwear, lifestyle and youth-oriented markets.

VF sells products through wholesale partners, company-operated retail stores, brand websites and other digital channels. Its offerings include jackets, outdoor and performance apparel, footwear, backpacks, luggage and workwear.