VF Corp (NYSE:VFC) Short Interest Up 7.2% in June

VF Corp (NYSE:VFC) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 5,837,600 shares, a growth of 7.2% from the May 15th total of 5,445,700 shares. Based on an average trading volume of 1,850,000 shares, the days-to-cover ratio is presently 3.2 days. Approximately 1.5% of the shares of the stock are sold short.

A number of brokerages recently issued reports on VFC. Wedbush set a $69.00 price objective on shares of Albireo Pharma and gave the company a “buy” rating in a research note on Thursday, May 23rd. Cowen reissued a “buy” rating on shares of ImmunoGen in a research note on Thursday, June 27th. Goldman Sachs Group set a €6.34 ($7.37) price objective on shares of Banco Bilbao Vizcaya Argentaria and gave the company a “neutral” rating in a research note on Friday, May 17th. Telsey Advisory Group reissued a “market perform” rating and issued a $28.00 price objective on shares of L Brands in a research note on Thursday, May 23rd. Finally, UBS Group cut their target price on shares of VF from $97.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, May 24th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $93.70.

Shares of NYSE VFC opened at $88.88 on Friday. VF has a twelve month low of $67.18 and a twelve month high of $97.00. The business’s fifty day moving average price is $86.12. The company has a market capitalization of $35.30 billion, a P/E ratio of 23.51, a PEG ratio of 2.49 and a beta of 1.15. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.76 and a quick ratio of 1.03.

VF (NYSE:VFC) last announced its earnings results on Wednesday, May 22nd. The textile maker reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. VF had a net margin of 9.10% and a return on equity of 36.62%. The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the firm earned $0.67 earnings per share. VF’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, analysts anticipate that VF will post 3.39 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, June 10th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Friday, June 7th. This is an increase from VF’s previous quarterly dividend of $0.48. VF’s dividend payout ratio (DPR) is currently 53.97%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UNIVEST FINANCIAL Corp increased its stake in VF by 1.1% in the second quarter. UNIVEST FINANCIAL Corp now owns 49,127 shares of the textile maker’s stock valued at $4,291,000 after purchasing an additional 558 shares in the last quarter. Clark Capital Management Group Inc. increased its stake in VF by 4.9% in the second quarter. Clark Capital Management Group Inc. now owns 330,333 shares of the textile maker’s stock valued at $28,855,000 after purchasing an additional 15,479 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in VF by 28.6% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 28,439 shares of the textile maker’s stock valued at $2,484,000 after purchasing an additional 6,328 shares in the last quarter. Smith Salley & Associates increased its stake in VF by 3.0% in the second quarter. Smith Salley & Associates now owns 12,778 shares of the textile maker’s stock valued at $1,116,000 after purchasing an additional 374 shares in the last quarter. Finally, Dividend Assets Capital LLC increased its stake in VF by 9.9% in the second quarter. Dividend Assets Capital LLC now owns 40,477 shares of the textile maker’s stock valued at $3,536,000 after purchasing an additional 3,650 shares in the last quarter.

About VF

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.

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