V.F. (NYSE:VFC) Reaches New 52-Week Low – Should You Sell?

V.F. Corporation (NYSE:VFCGet Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $12.94 and last traded at $13.0150, with a volume of 1339483 shares traded. The stock had previously closed at $13.20.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on VFC shares. Needham & Company LLC decreased their target price on shares of V.F. from $25.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Truist Financial reduced their price target on V.F. from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Thursday, July 30th. Wells Fargo & Company decreased their price objective on V.F. from $18.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Zacks Research cut V.F. from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Evercore set a $16.00 target price on V.F. in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.21.

Get Our Latest Stock Analysis on V.F.

V.F. Price Performance

The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.78 and a current ratio of 1.43. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 0.97 and a beta of 1.57. The stock’s 50 day simple moving average is $15.28 and its 200-day simple moving average is $16.89.

V.F. (NYSE:VFCGet Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The textile maker reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.05). V.F. had a return on equity of 18.91% and a net margin of 2.88%.The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis. Equities research analysts anticipate that V.F. Corporation will post 1.07 EPS for the current fiscal year.

V.F. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 10th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.36 dividend on an annualized basis and a yield of 2.8%. V.F.’s payout ratio is currently 52.17%.

Insider Activity

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

Hedge Funds Weigh In On V.F.

Institutional investors have recently bought and sold shares of the business. Optimize Financial Inc boosted its holdings in shares of V.F. by 1.5% in the 4th quarter. Optimize Financial Inc now owns 40,379 shares of the textile maker’s stock valued at $730,000 after acquiring an additional 580 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of V.F. by 27.9% during the first quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock worth $46,000 after purchasing an additional 588 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of V.F. by 4.9% during the second quarter. HB Wealth Management LLC now owns 30,687 shares of the textile maker’s stock worth $512,000 after purchasing an additional 1,428 shares during the last quarter. IFP Advisors Inc lifted its position in V.F. by 27.3% during the second quarter. IFP Advisors Inc now owns 6,682 shares of the textile maker’s stock valued at $111,000 after purchasing an additional 1,431 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in V.F. by 7.7% in the second quarter. Hsbc Holdings PLC now owns 29,518 shares of the textile maker’s stock valued at $492,000 after purchasing an additional 2,121 shares during the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

About V.F.

(Get Free Report)

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.

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