V.F. (NYSE:VFC) Sets New 12-Month Low – Should You Sell?

V.F. Corporation (NYSE:VFC)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $13.00 and last traded at $13.1320, with a volume of 3417039 shares trading hands. The stock had previously closed at $13.44.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VFC. Barclays cut their target price on V.F. from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Telsey Advisory Group lowered their price target on V.F. from $20.00 to $17.00 and set a “market perform” rating for the company in a research report on Thursday, July 30th. The Goldman Sachs Group dropped their price objective on V.F. from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Wall Street Zen lowered V.F. from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, BTIG Research reissued a “buy” rating on shares of V.F. in a research note on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.21.

V.F. Stock Down 2.9%

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 company has a market capitalization of $5.13 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 0.98 and a beta of 1.57. The company has a 50-day moving average of $15.72 and a two-hundred day moving average of $17.20.

V.F. (NYSE:VFC) last posted its quarterly earnings data on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. V.F. had a return on equity of 18.91% and a net margin of 2.88%.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) EPS. On average, research analysts predict that V.F. Corporation will post 1.07 EPS for the current year.

V.F. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 10th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, September 10th. V.F.’s dividend payout ratio (DPR) is presently 52.17%.

Insider Transactions at V.F.

In related news, Director Richard Carucci purchased 30,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were purchased at an average cost of $17.17 per share, with a total value of $515,100.00. Following the transaction, the director directly owned 336,043 shares in the company, valued at $5,769,858.31. This trade represents a 9.80% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bracken Darrell acquired 32,894 shares of the stock in a transaction on Friday, July 31st. The shares were bought at an average price of $14.98 per share, with a total value of $492,752.12. Following the purchase, the insider directly 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 disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 82,894 shares of company stock valued at $1,302,452. 1.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On V.F.

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC increased its stake in V.F. by 27.9% during the 1st quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock valued at $46,000 after purchasing an additional 588 shares in the last quarter. Root Financial Partners LLC lifted its stake in shares of V.F. by 282.9% in the first quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock worth $52,000 after buying an additional 2,255 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of V.F. by 151.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,915 shares of the textile maker’s stock valued at $125,000 after buying an additional 4,167 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of V.F. by 213.7% during the second quarter. Versant Capital Management Inc now owns 8,078 shares of the textile maker’s stock valued at $135,000 after buying an additional 5,503 shares during the last quarter. Finally, Nykredit A S bought a new stake in shares of V.F. during the second quarter valued at approximately $179,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

About V.F.

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.