VF Corporation (NYSE:VFC) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its stake in shares of VF Corporation (NYSE:VFC) by 1.8% during the third quarter, Holdings Channel reports. The fund owned 3,663,341 shares of the textile maker’s stock after acquiring an additional 65,919 shares during the period. VF makes up approximately 1.0% of Segall Bryant & Hamill LLC’s holdings, making the stock its 6th biggest holding. Segall Bryant & Hamill LLC’s holdings in VF were worth $73,084,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VFC. V Square Quantitative Management LLC raised its holdings in VF by 8.9% during the 2nd quarter. V Square Quantitative Management LLC now owns 10,803 shares of the textile maker’s stock worth $146,000 after purchasing an additional 879 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of VF by 50.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock worth $41,000 after buying an additional 895 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in VF by 0.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 106,281 shares of the textile maker’s stock valued at $1,630,000 after buying an additional 959 shares during the period. Arkadios Wealth Advisors grew its holdings in VF by 5.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after acquiring an additional 1,217 shares during the period. Finally, Arizona State Retirement System raised its position in shares of VF by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 92,524 shares of the textile maker’s stock valued at $1,249,000 after acquiring an additional 1,681 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

VF Price Performance

NYSE:VFC opened at $19.29 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86. The firm has a fifty day simple moving average of $19.50 and a 200 day simple moving average of $16.50. VF Corporation has a 1-year low of $11.00 and a 1-year high of $23.09. The stock has a market capitalization of $7.51 billion, a PE ratio of -11.15, a P/E/G ratio of 7.69 and a beta of 1.52.

VF (NYSE:VFC) last posted its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.19. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period in the previous year, the firm earned $0.63 EPS. The firm’s revenue was down 5.6% compared to the same quarter last year. On average, research analysts expect that VF Corporation will post 0.49 EPS for the current fiscal year.

VF Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Tuesday, December 10th. VF’s payout ratio is -20.81%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VFC. Jefferies Financial Group assumed coverage on VF in a research report on Friday, September 27th. They issued a “hold” rating and a $20.00 price target on the stock. UBS Group upped their price target on VF from $12.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. lifted their price objective on shares of VF from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. BMO Capital Markets upped their target price on shares of VF from $13.00 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company cut shares of VF from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $16.00 to $15.00 in a research report on Monday, October 14th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $18.19.

Insider Activity at VF

In other news, Director Richard Carucci bought 15,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were bought 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 owns 230,178 shares of the company’s stock, valued at $3,843,972.60. This trade represents a 6.97 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is owned by company insiders.

About VF

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.