VF (NYSE:VFC) Sets New 1-Year High – What’s Next?

VF Corporation (NYSE:VFC)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $23.87 and last traded at $23.63, with a volume of 272873 shares changing hands. The stock had previously closed at $23.08.

Analyst Ratings Changes

Several brokerages recently weighed in on VFC. Stifel Nicolaus increased their target price on VF from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, October 14th. TD Cowen boosted their target price on VF from $16.00 to $19.00 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Telsey Advisory Group lifted their price objective on VF from $19.00 to $21.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. OTR Global raised VF from a “mixed” rating to a “positive” rating in a research note on Friday, January 10th. Finally, Jefferies Financial Group assumed coverage on VF in a report on Friday, September 27th. They set a “hold” rating and a $20.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, VF has an average rating of “Hold” and an average price target of $19.11.

VF Trading Up 0.9 %

The stock has a market capitalization of $9.07 billion, a P/E ratio of -13.46, a P/E/G ratio of 8.19 and a beta of 1.45. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 2.86. The stock’s 50 day moving average price is $21.09 and its 200-day moving average price is $18.78.

VF (NYSE:VFC) last issued its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.19. The firm had revenue of $2.76 billion during 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 was down 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 earnings per share. As a group, equities research analysts expect that VF Corporation will post 0.48 earnings per share for the current year.

VF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were given a dividend of $0.09 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.36 dividend on an annualized basis and a yield of 1.55%. VF’s payout ratio is presently -20.81%.

Institutional Investors Weigh In On VF

A number of institutional investors and hedge funds have recently made changes to their positions in VFC. Thurston Springer Miller Herd & Titak Inc. increased its stake in VF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after buying an additional 3,008 shares during the period. Fiduciary Alliance LLC raised its position in VF by 6.8% during the 4th 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. Segall Bryant & Hamill LLC increased its holdings in shares of VF by 1.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock valued at $73,084,000 after purchasing an additional 65,919 shares in the last quarter. Hanseatic Management Services Inc. acquired a new stake in VF in the 3rd quarter valued at about $640,000. Finally, Arkadios Wealth Advisors grew its stake in VF by 5.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock valued at $481,000 after acquiring an additional 1,217 shares during the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

VF Company Profile

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.