V.F. (NYSE:VFC) Shares Gap Up – Here’s Why

V.F. Corporation (NYSE:VFC) shares gapped up before the market opened on Tuesday. The stock had previously closed at $15.79, but opened at $16.67. V.F. shares last traded at $16.0040, with a volume of 3,300,973 shares changing hands.

More V.F. News

Here are the key news stories impacting V.F. this week:

• Positive Sentiment: Barclays sees V.F.’s turnaround as undervalued. The bank expressed optimism about the company’s restructuring and recovery prospects, arguing that the market may not fully reflect potential value from the turnaround. V.F. Rises On Barclays Optimism As Its Turnaround Still Looks Undervalued
• Positive Sentiment: JPMorgan upgraded VFC from Underweight to Neutral. The change removes a notably bearish rating and helped reinforce buying interest, though a Neutral rating indicates that JPMorgan does not yet expect significant outperformance. JP Morgan upgrades VF to neutral from underweight
• Positive Sentiment: Recent trading momentum and earnings-estimate trends are encouraging. VFC jumped on above-average volume in the prior session, while Zacks cited favorable estimate revisions as a possible sign that the stock’s strength could continue. Strength Seen in V.F. (VFC): Can Its 5.3% Jump Turn into More Strength?
• Negative Sentiment: Fundamentals remain challenging. V.F.’s latest reported quarter showed a year-over-year revenue decline and an adjusted loss that was worse than analysts expected. The stock also remains below its 200-day moving average, highlighting continued investor caution despite the analyst-driven rebound.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VFC. Piper Sandler upgraded V.F. from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $16.00 to $20.00 in a research report on Tuesday. Robert W. Baird restated a “neutral” rating and set a $15.00 target price on shares of V.F. in a research report on Monday, September 14th. Telsey Advisory Group decreased their target price on V.F. from $20.00 to $17.00 and set a “market perform” rating on the stock in a research note on Thursday, July 30th. Needham & Company LLC decreased their target price on V.F. from $25.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Finally, Evercore set a $16.00 price target on V.F. in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $17.92.

V.F. Trading Up 0.2%

The company has a quick ratio of 0.78, a current ratio of 1.43 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $6.22 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 0.79 and a beta of 1.56. The firm’s 50-day simple moving average is $13.98 and its 200-day simple moving average is $16.19.

V.F. (NYSE:VFC) last announced 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). The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.64 billion. V.F. had a net margin of 2.88% and a return on equity of 18.91%. V.F.’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.24) earnings per share. Analysts anticipate that V.F. Corporation will post 1.08 EPS for the current year.

V.F. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 10th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, September 10th. V.F.’s dividend payout ratio (DPR) is presently 52.17%.

Insider Activity at V.F.

In other V.F. news, insider Bracken Darrell purchased 32,894 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of $14.98 per share, with a total value of $492,752.12. Following the completion of the purchase, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Carucci acquired 20,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was acquired at an average cost of $14.73 per share, with a total value of $294,600.00. Following the purchase, the director directly owned 356,215 shares in the company, valued at $5,247,046.95. This represents a 5.95% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On V.F.

Institutional investors have recently bought and sold shares of the stock. NorthCrest Asset Manangement LLC increased its stake in V.F. by 25.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 27,025 shares of the textile maker’s stock worth $393,000 after purchasing an additional 5,417 shares during the period. Riversedge Advisors LLC bought a new position in shares of V.F. in the third quarter worth approximately $171,000. Wedmont Private Capital bought a new position in shares of V.F. in the third quarter worth approximately $224,000. LifeGoal Investments LLC bought a new position in shares of V.F. in the third quarter worth approximately $191,000. Finally, Parrish Capital LLC increased its stake in shares of V.F. by 37.2% in the third quarter. Parrish Capital LLC now owns 60,101 shares of the textile maker’s stock worth $845,000 after buying an additional 16,303 shares during the period. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

About V.F.

V.F. Corporation (NYSE: VFC) is a global apparel, footwear and accessories company. Its portfolio includes well-known outdoor, active and workwear brands such as The North Face, Vans, Timberland and Dickies, which offer products ranging from outdoor clothing and hiking footwear to casual apparel, skate shoes and workwear.

The company sells its products through wholesale customers, brand-operated stores, e-commerce platforms and other digital channels. V.F. serves consumers in markets worldwide, with operations and distribution spanning North America, Europe, Asia-Pacific and other international regions.

Founded in 1899 as a manufacturer of gloves and mittens, the company later expanded into apparel and became known as Vanity Fair Mills before adopting the V.F.