130,854 Shares in V.F. Co. (NYSE:VFC) Purchased by Fiduciary Alliance LLC

Fiduciary Alliance LLC acquired a new position in shares of V.F. Co. (NYSE:VFC) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 130,854 shares of the textile maker’s stock, valued at approximately $2,002,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of V.F. by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock worth $728,708,000 after purchasing an additional 475,239 shares during the period. M&G Investment Management Ltd. increased its position in shares of V.F. by 19.4% during the fourth quarter. M&G Investment Management Ltd. now owns 12,413,169 shares of the textile maker’s stock worth $235,850,000 after purchasing an additional 2,016,470 shares in the last quarter. Wells Fargo & Company MN lifted its stake in V.F. by 12.4% in the fourth quarter. Wells Fargo & Company MN now owns 4,281,957 shares of the textile maker’s stock valued at $80,501,000 after buying an additional 473,952 shares during the last quarter. Norges Bank acquired a new position in V.F. in the fourth quarter valued at $76,059,000. Finally, Charles Schwab Investment Management Inc. raised its stake in V.F. by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,265,581 shares of the textile maker’s stock valued at $61,393,000 after acquiring an additional 166,769 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. BMO Capital Markets cut their price target on V.F. from $18.00 to $13.00 and set a “market perform” rating for the company in a report on Thursday, May 23rd. UBS Group cut their price objective on V.F. from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 28th. Robert W. Baird dropped their price target on shares of V.F. from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, May 23rd. Barclays dropped their price target on shares of V.F. from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. Finally, Bank of America reduced their price target on shares of V.F. from $13.00 to $11.00 and set an “underperform” rating on the stock in a research report on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, V.F. has an average rating of “Hold” and a consensus target price of $13.06.

Insider Transactions at V.F.

In other news, Director Richard Carucci acquired 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was purchased at an average cost of $13.78 per share, for a total transaction of $344,500.00. Following the completion of the transaction, the director now owns 215,130 shares in the company, valued at $2,964,491.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other V.F. news, insider Bracken Darrell bought 75,200 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was acquired at an average cost of $13.26 per share, with a total value of $997,152.00. Following the purchase, the insider now owns 219,972 shares in the company, valued at approximately $2,916,828.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard Carucci purchased 25,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was purchased at an average price of $13.78 per share, for a total transaction of $344,500.00. Following the acquisition, the director now owns 215,130 shares in the company, valued at $2,964,491.40. The disclosure for this purchase can be found here. Corporate insiders own 0.70% of the company’s stock.

V.F. Stock Performance

Shares of NYSE:VFC traded down $0.30 during midday trading on Friday, reaching $13.50. 8,068,551 shares of the company’s stock traded hands, compared to its average volume of 7,849,339. The company has a market cap of $5.25 billion, a price-to-earnings ratio of -5.40, a P/E/G ratio of 1.04 and a beta of 1.53. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.71 and a current ratio of 1.22. The stock has a 50 day moving average of $13.06 and a 200 day moving average of $15.02. V.F. Co. has a one year low of $11.00 and a one year high of $21.17.

V.F. (NYSE:VFC) last issued its earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.34). The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.42 billion. V.F. had a positive return on equity of 13.14% and a negative net margin of 9.27%. The company’s quarterly revenue was down 13.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 EPS. As a group, equities research analysts anticipate that V.F. Co. will post 0.85 EPS for the current fiscal year.

V.F. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, June 10th were issued a $0.09 dividend. The ex-dividend date was Monday, June 10th. This represents a $0.36 annualized dividend and a yield of 2.67%. V.F.’s dividend payout ratio (DPR) is presently -14.40%.

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 accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.