GAMMA Investing LLC Invests $205,000 in V.F. Co. (NYSE:VFC)

GAMMA Investing LLC purchased a new position in shares of V.F. Co. (NYSE:VFC) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 10,883 shares of the textile maker’s stock, valued at approximately $205,000.

Several other institutional investors have also modified their holdings of VFC. Parkside Financial Bank & Trust increased its position in shares of V.F. by 35.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 6,196 shares of the textile maker’s stock worth $116,000 after purchasing an additional 1,624 shares during the last quarter. MCF Advisors LLC grew its position in V.F. by 54.5% in the 4th quarter. MCF Advisors LLC now owns 14,744 shares of the textile maker’s stock valued at $277,000 after acquiring an additional 5,202 shares in the last quarter. Handelsbanken Fonder AB grew its position in V.F. by 47.6% in the 4th quarter. Handelsbanken Fonder AB now owns 76,900 shares of the textile maker’s stock valued at $1,446,000 after acquiring an additional 24,800 shares in the last quarter. CWM LLC grew its position in V.F. by 33.3% in the 4th quarter. CWM LLC now owns 27,772 shares of the textile maker’s stock valued at $522,000 after acquiring an additional 6,937 shares in the last quarter. Finally, abrdn plc grew its position in V.F. by 28.2% in the 4th quarter. abrdn plc now owns 408,574 shares of the textile maker’s stock valued at $7,681,000 after acquiring an additional 89,883 shares in the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

Analyst Upgrades and Downgrades

VFC has been the subject of several research reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $22.00 target price on shares of V.F. in a research report on Tuesday, January 30th. Wedbush dropped their target price on V.F. from $16.50 to $15.50 and set a “neutral” rating for the company in a research report on Wednesday, February 7th. UBS Group dropped their target price on V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, February 5th. BNP Paribas reissued a “neutral” rating and set a $14.00 price objective (down from $18.00) on shares of V.F. in a research report on Friday, April 12th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $22.00 price objective on shares of V.F. in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.97.

V.F. Price Performance

VFC stock opened at $12.62 on Friday. The business has a 50 day moving average price of $14.63 and a 200 day moving average price of $16.20. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of -6.40, a PEG ratio of 1.45 and a beta of 1.47. V.F. Co. has a fifty-two week low of $11.91 and a fifty-two week high of $23.55. 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 issued its quarterly earnings data on Tuesday, February 6th. The textile maker reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). V.F. had a negative net margin of 7.07% and a positive return on equity of 19.03%. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the prior year, the firm posted $1.12 EPS. V.F.’s quarterly revenue was down 16.2% compared to the same quarter last year. Equities research analysts anticipate that V.F. Co. will post 1.1 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Friday, March 8th. V.F.’s dividend payout ratio is currently -18.27%.

Insider Buying and Selling at V.F.

In other news, Director Juliana L. Chugg acquired 11,301 shares of V.F. stock in a transaction on Monday, February 12th. The stock was bought at an average price 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 in the company, valued at $461,582.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Juliana L. Chugg acquired 11,301 shares of V.F. stock in a transaction on Monday, February 12th. The stock was bought at an average price 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 in the company, valued at $461,582.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bracken Darrell bought 65,360 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $15.38 per share, for a total transaction of $1,005,236.80. Following the acquisition, the insider now owns 144,281 shares of the company’s stock, valued at approximately $2,219,041.78. The disclosure for this purchase can be found here. 0.60% of the stock is owned by company insiders.

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