VF Corporation (NYSE:VFC) Short Interest Update

VF Corporation (NYSE:VFC) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 34,970,000 shares, a drop of 18.6% from the October 15th total of 42,940,000 shares. Based on an average daily volume of 7,130,000 shares, the short-interest ratio is presently 4.9 days. Currently, 9.5% of the company’s stock are short sold.

Insider Activity at VF

In other news, Director Richard Carucci acquired 15,000 shares of VF stock in a transaction dated Thursday, August 22nd. The shares were acquired at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the acquisition, the director now owns 230,178 shares of the company’s stock, valued at $3,843,972.60. This trade represents a 6.97 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On VF

Large investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC raised its position in shares of VF by 8.9% in the 2nd quarter. V Square Quantitative Management LLC now owns 10,803 shares of the textile maker’s stock valued at $146,000 after purchasing an additional 879 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in VF by 50.1% during 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 during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in VF by 0.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 106,281 shares of the textile maker’s stock worth $1,630,000 after acquiring an additional 959 shares in the last quarter. Arkadios Wealth Advisors increased its position in shares of VF by 5.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after purchasing an additional 1,217 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in shares of VF by 1.9% during the second quarter. Arizona State Retirement System now owns 92,524 shares of the textile maker’s stock worth $1,249,000 after purchasing an additional 1,681 shares during the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on VFC shares. Barclays upped their price target on VF from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Wedbush reaffirmed a “neutral” rating and issued a $13.00 target price on shares of VF in a research report on Monday, August 5th. Citigroup boosted their price target on shares of VF from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. raised their price objective on VF from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Robert W. Baird boosted their target price on VF from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.19.

VF Stock Down 0.6 %

VF stock traded down $0.12 during trading on Friday, reaching $20.16. 7,264,342 shares of the company’s stock were exchanged, compared to its average volume of 8,947,218. VF has a 52-week low of $11.00 and a 52-week high of $23.09. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of -11.65, a PEG ratio of 7.73 and a beta of 1.52. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.88 and a current ratio of 1.30. The company’s 50-day moving average is $19.42 and its two-hundred day moving average is $16.35.

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

VF Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.79%. VF’s payout ratio is currently -20.81%.

VF Company Profile

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.