VF (NYSE:VFC) Trading 2.6% Higher – Should You Buy?

Shares of VF Corporation (NYSE:VFC) traded up 2.6% during trading on Friday . The company traded as high as $16.60 and last traded at $16.68. 755,463 shares changed hands during trading, a decline of 90% from the average session volume of 7,241,578 shares. The stock had previously closed at $16.25.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Guggenheim upped their price objective on VF from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price target on shares of VF in a report on Friday, March 7th. Robert W. Baird increased their price target on VF from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Wells Fargo & Company lowered their price target on VF from $21.00 to $18.00 and set an “underweight” rating for the company in a report on Friday, March 7th. Finally, OTR Global upgraded VF from a “mixed” rating to a “positive” rating in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.90.

VF Stock Up 2.5 %

The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00. The firm’s 50-day moving average price is $23.14 and its 200 day moving average price is $21.11. The firm has a market cap of $6.49 billion, a P/E ratio of -14.00, a PEG ratio of 6.77 and a beta of 1.46.

VF (NYSE:VFC) last issued its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the business earned $0.57 EPS. On average, equities research analysts expect that VF Corporation will post 0.73 earnings per share for the current fiscal year.

VF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were issued a $0.09 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.36 dividend on an annualized basis and a yield of 2.16%. VF’s dividend payout ratio is currently -30.25%.

Hedge Funds Weigh In On VF

A number of large investors have recently bought and sold shares of VFC. Segall Bryant & Hamill LLC lifted its holdings in VF by 5.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock worth $83,153,000 after acquiring an additional 211,440 shares during the last quarter. TB Alternative Assets Ltd. bought a new stake in shares of VF during the fourth quarter valued at approximately $1,878,000. Fiduciary Alliance LLC raised its holdings in shares of VF by 6.8% during the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after buying an additional 16,431 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of VF by 100.0% during the fourth 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 last quarter. Finally, CKW Financial Group raised its holdings in shares of VF by 29.4% during the fourth 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 last quarter. Institutional investors own 86.84% of the company’s stock.

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.