V.F. (NYSE:VFC) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

V.F. Corporation (NYSE:VFC)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.18 and traded as high as $19.44. V.F. shares last traded at $19.0250, with a volume of 7,838,076 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Piper Sandler boosted their price objective on V.F. from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Wells Fargo & Company upped their price objective on V.F. from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Tuesday. KGI Securities set a $14.50 price target on shares of V.F. and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Truist Financial boosted their price objective on shares of V.F. from $14.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, October 29th. Finally, Guggenheim began coverage on V.F. in a research report on Tuesday, December 9th. They set a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.59.

V.F. Stock Performance

The stock has a market cap of $7.43 billion, a P/E ratio of 86.48, a PEG ratio of 1.94 and a beta of 1.67. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.36 and a quick ratio of 0.87. The company has a fifty day moving average of $15.92 and a 200 day moving average of $14.18.

V.F. (NYSE:VFC) last issued its quarterly earnings results on Tuesday, October 28th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.10. V.F. had a return on equity of 20.34% and a net margin of 0.95%.The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period last year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities analysts predict that V.F. Corporation will post 0.73 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Wednesday, December 10th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.9%. V.F.’s dividend payout ratio (DPR) is currently 163.64%.

Hedge Funds Weigh In On V.F.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VFC. EverSource Wealth Advisors LLC grew its holdings in shares of V.F. by 59.7% during the third quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock valued at $40,000 after buying an additional 1,027 shares in the last quarter. Rexford Capital Inc. acquired a new stake in V.F. in the 2nd quarter worth approximately $48,000. Rothschild Investment LLC grew its stake in V.F. by 705.8% in the 3rd quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock valued at $54,000 after buying an additional 3,282 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of V.F. by 94.8% in the second quarter. Farther Finance Advisors LLC now owns 4,975 shares of the textile maker’s stock worth $58,000 after purchasing an additional 2,421 shares during the period. Finally, Global Wealth Strategies & Associates bought a new position in shares of V.F. in the third quarter worth about $82,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

V.F. Company Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.