VF Corporation (NYSE:VFC) Short Interest Update

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

VF Trading Down 0.6 %

Shares of NYSE VFC traded down $0.12 during trading on Friday, hitting $20.16. 7,264,342 shares of the company were exchanged, compared to its average volume of 8,947,218. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.88 and a current ratio of 1.30. VF has a 12-month low of $11.00 and a 12-month high of $23.09. The company has a fifty day moving average price of $19.42 and a 200-day moving average price of $16.35. The firm has a market capitalization of $7.85 billion, a PE ratio of -11.65, a P/E/G ratio of 7.73 and a beta of 1.52.

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

VF Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently issued reports on VFC. Jefferies Financial Group assumed coverage on VF in a research note on Friday, September 27th. They issued a “hold” rating and a $20.00 target price for the company. The Goldman Sachs Group assumed coverage on VF in a research note on Friday, October 11th. They issued a “neutral” rating and a $20.00 price objective for the company. Wedbush reiterated a “neutral” rating and issued a $13.00 target price on shares of VF in a research report on Monday, August 5th. Robert W. Baird increased their price target on shares of VF from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Evercore ISI lifted their price objective on shares of VF from $14.00 to $16.00 and gave the company an “in-line” rating in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, VF presently has an average rating of “Hold” and a consensus target price of $18.19.

Insider Transactions at VF

In other news, Director Richard Carucci bought 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was bought at an average price of $16.70 per share, with a total value of $250,500.00. Following the completion of the transaction, the director now directly owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. The trade was a 6.97 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On VF

Several large investors have recently modified their holdings of VFC. Future Financial Wealth Managment LLC acquired a new stake in VF in the 3rd quarter valued at approximately $40,000. Bank & Trust Co purchased a new position in VF during the 2nd quarter valued at about $35,000. Versant Capital Management Inc grew its position in VF by 6,981.1% in the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 2,583 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in VF by 50.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock worth $41,000 after purchasing an additional 895 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of VF during the second quarter worth about $44,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

About VF

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.