Impact Partnership Wealth LLC Acquires 18,441 Shares of V.F. Co. (NYSE:VFC)

Impact Partnership Wealth LLC raised its holdings in V.F. Co. (NYSE:VFC) by 12,717.9% during the second quarter, Holdings Channel reports. The institutional investor owned 18,586 shares of the textile maker’s stock after buying an additional 18,441 shares during the quarter. Impact Partnership Wealth LLC’s holdings in V.F. were worth $251,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Intech Investment Management LLC bought a new position in shares of V.F. in the fourth quarter valued at $1,518,000. Principal Financial Group Inc. lifted its stake in shares of V.F. by 328.0% in the second quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock valued at $21,922,000 after buying an additional 1,244,448 shares in the last quarter. Partnership Wealth Management LLC purchased a new stake in shares of V.F. in the fourth quarter valued at about $2,960,000. Sompo Asset Management Co. Ltd. raised its holdings in shares of V.F. by 60.6% in the fourth quarter. Sompo Asset Management Co. Ltd. now owns 351,520 shares of the textile maker’s stock valued at $6,609,000 after purchasing an additional 132,650 shares during the last quarter. Finally, Compass Wealth Management LLC purchased a new stake in shares of V.F. in the first quarter valued at about $2,574,000. 86.84% of the stock is owned by institutional investors.

V.F. Price Performance

Shares of NYSE:VFC opened at $17.85 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84. The firm has a market capitalization of $6.95 billion, a PE ratio of -7.14, a P/E/G ratio of 1.88 and a beta of 1.53. V.F. Co. has a twelve month low of $11.00 and a twelve month high of $20.69. The company has a 50-day moving average price of $16.05 and a two-hundred day moving average price of $14.62.

V.F. (NYSE:VFC) last issued its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.04. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.85 billion. V.F. had a negative net margin of 11.39% and a positive return on equity of 11.75%. The company’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.15) earnings per share. Equities analysts forecast that V.F. Co. will post 0.79 EPS for the current year.

V.F. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th will be given a $0.09 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.02%. V.F.’s dividend payout ratio (DPR) is currently -14.40%.

Insider Activity

In other news, insider Bracken Darrell acquired 75,200 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was bought at an average cost of $13.26 per share, for a total transaction of $997,152.00. Following the completion of the transaction, the insider now owns 219,972 shares of the company’s stock, valued at $2,916,828.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Bracken Darrell acquired 75,200 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was bought at an average cost of $13.26 per share, for a total transaction of $997,152.00. Following the completion of the transaction, the insider now owns 219,972 shares of the company’s stock, valued at $2,916,828.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Carucci acquired 15,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was purchased at an average price of $16.70 per share, with a total value of $250,500.00. Following the completion of the transaction, the director now directly owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 115,200 shares of company stock worth $1,592,152. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VFC shares. Telsey Advisory Group increased their target price on shares of V.F. from $15.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Stifel Nicolaus lowered their target price on shares of V.F. from $22.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. BMO Capital Markets increased their target price on shares of V.F. from $13.00 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Evercore ISI increased their target price on shares of V.F. from $14.00 to $16.00 and gave the company an “in-line” rating in a report on Wednesday, August 7th. Finally, Barclays increased their target price on shares of V.F. from $12.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.50.

V.F. 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.