V.F. (NYSE:VFC) Reaches New 12-Month High – Here’s Why

V.F. Corporation (NYSE:VFC)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $22.13 and last traded at $22.07, with a volume of 554086 shares. The stock had previously closed at $21.50.

Wall Street Analysts Forecast Growth

VFC has been the topic of a number of research reports. Wells Fargo & Company increased their target price on shares of V.F. from $15.00 to $20.00 and gave the stock a “cautious” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $18.00 target price (down from $19.00) on shares of V.F. in a report on Monday, February 23rd. Stifel Nicolaus increased their target price on shares of V.F. from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Thursday, January 29th. Argus upgraded shares of V.F. to a “strong-buy” rating in a report on Wednesday, February 11th. Finally, The Goldman Sachs Group increased their target price on shares of V.F. from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.47.

V.F. Price Performance

The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.03 and a current ratio of 1.55. The stock has a market capitalization of $8.64 billion, a PE ratio of 40.13, a P/E/G ratio of 1.05 and a beta of 1.65. The stock’s 50-day moving average is $18.31 and its 200 day moving average is $17.66.

V.F. (NYSE:VFC) last issued its quarterly earnings data on Wednesday, January 28th. The textile maker reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.15. V.F. had a net margin of 2.33% and a return on equity of 19.08%. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the firm posted $0.62 EPS. V.F.’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, equities analysts expect that V.F. Corporation will post 0.83 earnings per share for the current year.

V.F. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Tuesday, March 10th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, March 10th. V.F.’s dividend payout ratio (DPR) is presently 65.45%.

Insider Transactions at V.F.

In other V.F. news, Director Juliana L. Chugg sold 6,678 shares of the firm’s stock in a transaction 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 directly owned 40 shares of the company’s stock, valued at approximately $852. This trade represents a 99.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VFC. EverSource Wealth Advisors LLC grew its position in V.F. by 59.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock worth $40,000 after purchasing an additional 1,027 shares during the last quarter. Rothschild Investment LLC boosted its holdings in shares of V.F. by 705.8% in the third quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 3,282 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of V.F. by 50.1% in the third quarter. Farther Finance Advisors LLC now owns 7,465 shares of the textile maker’s stock valued at $108,000 after acquiring an additional 2,490 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of V.F. by 30.5% in the fourth quarter. GAMMA Investing LLC now owns 10,987 shares of the textile maker’s stock valued at $199,000 after acquiring an additional 2,570 shares in the last quarter. Finally, Quent Capital LLC boosted its holdings in shares of V.F. by 1,635.2% in the fourth quarter. Quent Capital LLC now owns 13,170 shares of the textile maker’s stock valued at $238,000 after acquiring an additional 12,411 shares in the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

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.