Alaska Permanent Fund Corp Decreases Stock Position in V.F. Co. (NYSE:VFC)

Alaska Permanent Fund Corp decreased its holdings in V.F. Co. (NYSE:VFC) by 16.7% in the fourth quarter, Holdings Channel reports. The firm owned 101,666 shares of the textile maker’s stock after selling 20,334 shares during the quarter. Alaska Permanent Fund Corp’s holdings in V.F. were worth $1,911,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of VFC. CWM LLC boosted its position in V.F. by 30.4% in the third quarter. CWM LLC now owns 20,835 shares of the textile maker’s stock worth $368,000 after purchasing an additional 4,854 shares during the last quarter. AE Wealth Management LLC grew its position in V.F. by 8.2% during the third quarter. AE Wealth Management LLC now owns 19,158 shares of the textile maker’s stock valued at $339,000 after buying an additional 1,454 shares during the period. IFP Advisors Inc raised its position in V.F. by 79.8% in the third quarter. IFP Advisors Inc now owns 6,327 shares of the textile maker’s stock worth $112,000 after acquiring an additional 2,808 shares during the period. HB Wealth Management LLC purchased a new position in shares of V.F. during the 3rd quarter worth $188,000. Finally, GHP Investment Advisors Inc. grew its position in shares of V.F. by 35.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 36,425 shares of the textile maker’s stock valued at $644,000 after acquiring an additional 9,436 shares during the period. Hedge funds and other institutional investors own 86.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group cut V.F. from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $19.00 to $14.00 in a research report on Wednesday, February 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $22.00 price target on shares of V.F. in a research report on Tuesday, January 30th. StockNews.com upgraded shares of V.F. from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. BNP Paribas restated a “neutral” rating and set a $14.00 target price (down previously from $18.00) on shares of V.F. in a research note on Friday, April 12th. Finally, Williams Trading reiterated a “sell” rating on shares of V.F. in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.97.

Insiders Place Their Bets

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

V.F. Price Performance

NYSE:VFC opened at $12.74 on Friday. V.F. Co. has a 52 week low of $11.91 and a 52 week high of $23.55. The stock’s fifty day moving average is $14.63 and its two-hundred day moving average is $16.20. The company has a market capitalization of $4.95 billion, a P/E ratio of -6.40, a P/E/G ratio of 1.45 and a beta of 1.47. 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. (NYSE:VFC) last released its quarterly earnings results on Tuesday, February 6th. The textile maker reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the company earned $1.12 earnings per share. The firm’s revenue for the quarter was down 16.2% on a year-over-year basis. Equities analysts expect that V.F. Co. will post 1.1 EPS for the current year.

V.F. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Friday, March 8th. V.F.’s dividend payout ratio is currently -18.27%.

About V.F.

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.