Valmark Advisers Inc. Cuts Stake in V.F. Co. (NYSE:VFC)

Valmark Advisers Inc. reduced its stake in shares of V.F. Co. (NYSE:VFCGet Rating) by 3.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,623 shares of the textile maker’s stock after selling 323 shares during the period. Valmark Advisers Inc.’s holdings in V.F. were worth $547,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in V.F. in the fourth quarter valued at approximately $1,520,000. Fisher Asset Management LLC purchased a new position in V.F. in the fourth quarter valued at approximately $243,000. Northwestern Mutual Wealth Management Co. raised its holdings in V.F. by 8.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,794 shares of the textile maker’s stock valued at $1,890,000 after buying an additional 2,080 shares during the period. Daiwa Securities Group Inc. raised its holdings in V.F. by 4.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 19,795 shares of the textile maker’s stock valued at $1,449,000 after buying an additional 776 shares during the period. Finally, Mutual of America Capital Management LLC raised its holdings in V.F. by 0.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 43,073 shares of the textile maker’s stock valued at $3,154,000 after buying an additional 307 shares during the period. 88.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other V.F. news, CFO Matthew H. Puckett sold 677 shares of the firm’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $49.87, for a total value of $33,761.99. Following the sale, the chief financial officer now directly owns 44,691 shares in the company, valued at $2,228,740.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other V.F. news, CFO Matthew H. Puckett sold 677 shares of the firm’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $49.87, for a total value of $33,761.99. Following the sale, the chief financial officer now directly owns 44,691 shares in the company, valued at $2,228,740.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Rodney Mcmullen bought 3,000 shares of the business’s stock in a transaction on Wednesday, May 25th. The stock was bought at an average price of $45.40 per share, for a total transaction of $136,200.00. Following the completion of the purchase, the director now directly owns 25,125 shares of the company’s stock, valued at approximately $1,140,675. The disclosure for this purchase can be found here. Insiders have bought 22,000 shares of company stock worth $1,008,630 over the last ninety days. 0.90% of the stock is owned by insiders.

V.F. Stock Performance

Shares of VFC opened at $46.93 on Tuesday. The business’s fifty day moving average price is $46.14 and its 200 day moving average price is $51.81. V.F. Co. has a 12-month low of $43.08 and a 12-month high of $80.54. The stock has a market capitalization of $18.23 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 2.13 and a beta of 1.35. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.33 and a quick ratio of 0.66.

V.F. (NYSE:VFCGet Rating) last announced its quarterly earnings data on Thursday, May 19th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. V.F. had a return on equity of 33.20% and a net margin of 8.45%. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the business posted $0.27 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts forecast that V.F. Co. will post 3.09 EPS for the current year.

V.F. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 20th. Investors of record on Monday, September 12th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.26%. The ex-dividend date is Friday, September 9th. V.F.’s dividend payout ratio (DPR) is presently 77.82%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of V.F. from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, August 1st. Wells Fargo & Company cut their price target on shares of V.F. to $50.00 and set an “equal weight” rating on the stock in a report on Friday, May 20th. Wedbush lowered their price objective on shares of V.F. from $61.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, May 20th. Cowen lowered their price objective on shares of V.F. from $72.00 to $61.00 in a research report on Wednesday, May 18th. Finally, Robert W. Baird lowered their price objective on shares of V.F. from $80.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, May 20th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, V.F. currently has a consensus rating of “Hold” and a consensus price target of $59.06.

V.F. Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for V.F. (NYSE:VFC)

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