V.F. (NYSE:VFC) Shares Gap Down – Time to Sell?

V.F. Corporation (NYSE:VFC)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $21.23, but opened at $20.44. V.F. shares last traded at $19.6990, with a volume of 825,668 shares traded.

Analysts Set New Price Targets

A number of research firms recently weighed in on VFC. Jefferies Financial Group started coverage on shares of V.F. in a report on Wednesday, January 14th. They set a “hold” rating and a $18.00 target price on the stock. Citigroup lifted their price objective on V.F. from $14.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Guggenheim began coverage on V.F. in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. Barclays reaffirmed an “overweight” rating on shares of V.F. in a report on Thursday, January 29th. Finally, Wells Fargo & Company raised their target price on shares of V.F. from $12.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $18.16.

V.F. Stock Performance

The business has a fifty day simple moving average of $19.53 and a 200-day simple moving average of $16.63. The firm has a market cap of $7.68 billion, a P/E ratio of 35.68, a P/E/G ratio of 1.45 and a beta of 1.65. The company has a quick ratio of 1.03, a current ratio of 1.55 and a debt-to-equity ratio of 1.99.

V.F. (NYSE:VFC) last announced its quarterly earnings data on Wednesday, January 28th. The textile maker reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.15. V.F. had a return on equity of 19.08% and a net margin of 2.33%.The business had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the previous year, the business earned $0.62 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, sell-side analysts predict that V.F. Corporation will post 0.73 EPS for the current fiscal year.

V.F. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Tuesday, March 10th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, March 10th. V.F.’s dividend payout ratio (DPR) is currently 65.45%.

Insider Buying and Selling

In other V.F. news, Director Juliana L. Chugg sold 6,678 shares of V.F. stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $21.30, for a total transaction of $142,241.40. Following the transaction, the director owned 40 shares of the company’s stock, valued at $852. The trade was a 99.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On V.F.

Several institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its stake in shares of V.F. by 59.7% during the third quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock valued at $40,000 after buying an additional 1,027 shares during the period. Rexford Capital Inc. bought a new stake in shares of V.F. in the 2nd quarter valued at about $48,000. Rothschild Investment LLC lifted its position in shares of V.F. by 705.8% in the 3rd quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock worth $54,000 after purchasing an additional 3,282 shares during the period. Global Wealth Strategies & Associates bought a new position in shares of V.F. during the third quarter valued at approximately $82,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of V.F. by 50.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,465 shares of the textile maker’s stock worth $108,000 after purchasing an additional 2,490 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

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.