Bryn Mawr Capital Management LLC Sells 45,124 Shares of V.F. Co. (NYSE:VFC)

Bryn Mawr Capital Management LLC cut its holdings in V.F. Co. (NYSE:VFC) by 41.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 63,434 shares of the textile maker’s stock after selling 45,124 shares during the period. Bryn Mawr Capital Management LLC’s holdings in V.F. were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Tokio Marine Asset Management Co. Ltd. boosted its holdings in V.F. by 5.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,495 shares of the textile maker’s stock valued at $216,000 after purchasing an additional 633 shares during the period. Arizona State Retirement System boosted its holdings in V.F. by 0.8% in the 4th quarter. Arizona State Retirement System now owns 90,845 shares of the textile maker’s stock valued at $1,708,000 after purchasing an additional 702 shares during the period. Global Retirement Partners LLC boosted its holdings in V.F. by 28.5% in the 4th quarter. Global Retirement Partners LLC now owns 3,225 shares of the textile maker’s stock valued at $61,000 after purchasing an additional 715 shares during the period. Treasurer of the State of North Carolina boosted its holdings in V.F. by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 153,537 shares of the textile maker’s stock valued at $2,713,000 after purchasing an additional 780 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in V.F. by 3.0% in the 3rd quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker’s stock valued at $486,000 after purchasing an additional 812 shares during the period. 86.84% of the stock is owned by institutional investors.

Insider Buying and Selling at V.F.

In related news, insider Bracken Darrell bought 65,360 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were 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 owns 144,281 shares of the company’s stock, valued at approximately $2,219,041.78. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In other V.F. news, Director Juliana L. Chugg acquired 11,301 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average price of $17.55 per share, with a total value of $198,332.55. Following the completion of the purchase, the director now directly owns 26,301 shares of the company’s stock, valued at approximately $461,582.55. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bracken Darrell acquired 65,360 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $15.38 per share, for a total transaction 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. Corporate insiders own 0.60% of the company’s stock.

V.F. Stock Performance

Shares of NYSE:VFC opened at $12.64 on Friday. The company’s fifty day moving average is $14.55 and its 200 day moving average is $16.18. V.F. Co. has a 52 week low of $11.91 and a 52 week high of $23.55. The company has a current ratio of 1.23, a quick ratio of 0.70 and a debt-to-equity ratio of 2.25.

V.F. (NYSE:VFC) last released its quarterly earnings data on Tuesday, February 6th. The textile maker reported $0.57 earnings per share (EPS) 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 previous year, the firm posted $1.12 EPS. V.F.’s revenue was down 16.2% compared to the same quarter last year. As a group, equities research analysts predict that V.F. Co. will post 1.1 EPS 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 given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date was Friday, March 8th. V.F.’s payout ratio is -18.27%.

Analyst Ratings Changes

Several brokerages have commented on VFC. StockNews.com raised shares of V.F. from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Telsey Advisory Group restated an “outperform” rating and set a $22.00 price objective on shares of V.F. in a research report on Tuesday, January 30th. Stifel Nicolaus restated a “buy” rating and set a $22.00 price objective on shares of V.F. in a research report on Tuesday, April 9th. UBS Group lowered their price objective on shares of V.F. from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, February 5th. Finally, Wedbush lowered their price objective on shares of V.F. from $16.50 to $15.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, V.F. has a consensus rating of “Hold” and an average price target of $17.88.

V.F. 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.