VF (NYSE:VFC) Trading 6.2% Higher – Still a Buy?

VF Corporation (NYSE:VFC) shot up 6.2% during trading on Friday . The company traded as high as $20.07 and last traded at $19.96. 1,090,141 shares were traded during trading, a decline of 87% from the average session volume of 8,151,347 shares. The stock had previously closed at $18.79.

Analysts Set New Price Targets

A number of research analysts recently weighed in on VFC shares. Jefferies Financial Group initiated coverage on VF in a research note on Friday, September 27th. They issued a “hold” rating and a $20.00 price objective on the stock. BMO Capital Markets lifted their price target on shares of VF from $13.00 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. Wells Fargo & Company downgraded shares of VF from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $16.00 to $15.00 in a report on Monday, October 14th. JPMorgan Chase & Co. lifted their target price on shares of VF from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Barclays upped their price target on shares of VF from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.19.

VF Trading Up 5.2 %

The firm’s fifty day moving average price is $19.55 and its 200-day moving average price is $16.53. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86.

VF (NYSE:VFC) last posted its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.72 billion. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share. On average, research analysts expect that VF Corporation will post 0.49 earnings per share for the current year.

VF Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.36 dividend on an annualized basis and a yield of 1.82%. VF’s payout ratio is currently -20.81%.

Institutional Trading of VF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its position in VF by 6,981.1% during the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock worth $35,000 after acquiring an additional 2,583 shares during the last quarter. Bank & Trust Co acquired a new position in VF during the 2nd quarter worth about $35,000. Future Financial Wealth Managment LLC bought a new stake in VF during the 3rd quarter worth about $40,000. EverSource Wealth Advisors LLC increased its position in VF by 50.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 895 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of VF during the second quarter valued at approximately $44,000. Institutional investors own 86.84% of the company’s stock.

About VF

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.