Sumitomo Mitsui Trust Holdings Inc. Sells 4,610 Shares of V.F. Co. (NYSE:VFC)

Sumitomo Mitsui Trust Holdings Inc. reduced its position in shares of V.F. Co. (NYSE:VFC) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 796,214 shares of the textile maker’s stock after selling 4,610 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.20% of V.F. worth $14,969,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its position in V.F. by 0.8% during the fourth quarter. Arizona State Retirement System now owns 90,845 shares of the textile maker’s stock worth $1,708,000 after acquiring an additional 702 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of V.F. by 28.5% in the fourth quarter. Global Retirement Partners LLC now owns 3,225 shares of the textile maker’s stock valued at $61,000 after purchasing an additional 715 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of V.F. by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 153,537 shares of the textile maker’s stock valued at $2,713,000 after purchasing an additional 780 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of V.F. by 3.0% in the third quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker’s stock valued at $486,000 after purchasing an additional 812 shares during the last quarter. Finally, Savant Capital LLC increased its holdings in shares of V.F. by 1.6% in the third quarter. Savant Capital LLC now owns 54,783 shares of the textile maker’s stock valued at $968,000 after purchasing an additional 859 shares during the last quarter. 86.84% of the stock is owned by institutional investors.

V.F. Trading Down 0.3 %

Shares of V.F. stock opened at $12.79 on Tuesday. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of -6.49, a PEG ratio of 1.43 and a beta of 1.48. The company has a quick ratio of 0.70, a current ratio of 1.23 and a debt-to-equity ratio of 2.25. V.F. Co. has a 12-month low of $11.91 and a 12-month high of $23.55. The firm’s 50-day moving average price is $14.87 and its two-hundred day moving average price is $16.28.

V.F. (NYSE:VFC) last announced its quarterly earnings data on Tuesday, February 6th. The textile maker reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.24 billion. V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The company’s quarterly revenue was down 16.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.12 earnings per share. On average, analysts forecast that V.F. Co. will post 1.1 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were issued a $0.09 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.81%. V.F.’s dividend payout ratio (DPR) is currently -18.27%.

Insider Transactions at V.F.

In related news, Director Juliana L. Chugg bought 11,301 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was purchased at an average price of $17.55 per share, with a total value of $198,332.55. Following the completion of the acquisition, the director now owns 26,301 shares of the company’s stock, valued at $461,582.55. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other V.F. news, insider Bracken Darrell purchased 65,360 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was purchased at an average cost of $15.38 per share, for a total transaction of $1,005,236.80. Following the transaction, the insider now owns 144,281 shares in the company, valued at approximately $2,219,041.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Juliana L. Chugg purchased 11,301 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $17.55 per share, with a total value of $198,332.55. Following the completion of the transaction, the director now owns 26,301 shares in the company, valued at approximately $461,582.55. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on VFC shares. Stifel Nicolaus reiterated a “buy” rating and issued a $22.00 price objective on shares of V.F. in a report on Tuesday, April 9th. The Goldman Sachs Group downgraded shares of V.F. from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $19.00 to $14.00 in a report on Wednesday, February 7th. Telsey Advisory Group restated an “outperform” rating and issued a $22.00 price target on shares of V.F. in a research note on Tuesday, January 30th. StockNews.com upgraded shares of V.F. from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $17.97.

V.F. Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, 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 three segments: Outdoor, Active, and Work.