V.F. (NYSE:VFC) Director Sells $142,241.40 in Stock

V.F. Corporation (NYSE:VFC) Director Juliana Chugg sold 6,678 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $21.30, for a total value of $142,241.40. Following the completion of the sale, the director owned 40 shares in the company, valued at $852. This represents a 99.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

V.F. Price Performance

V.F. stock traded down $0.63 during mid-day trading on Thursday, reaching $20.18. 7,023,731 shares of the company’s stock traded hands, compared to its average volume of 7,698,895. V.F. Corporation has a 12-month low of $9.41 and a 12-month high of $26.69. The company has a quick ratio of 1.03, a current ratio of 1.55 and a debt-to-equity ratio of 1.99. The stock has a 50 day moving average of $19.30 and a two-hundred day moving average of $16.19. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 36.70, a PEG ratio of 1.42 and a beta of 1.65.

V.F. (NYSE:VFC) last posted its quarterly earnings data on Wednesday, January 28th. The textile maker reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.15. V.F. had a return on equity of 19.08% and a net margin of 2.33%.The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period last year, the company earned $0.62 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities analysts forecast that V.F. Corporation will post 0.73 earnings per share for the current year.

V.F. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.36 dividend on an annualized basis and a yield of 1.8%. V.F.’s payout ratio is 65.45%.

Institutional Trading of V.F.

A number of hedge funds have recently added to or reduced their stakes in VFC. Russell Investments Group Ltd. increased its holdings in V.F. by 104.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 567,886 shares of the textile maker’s stock worth $6,673,000 after acquiring an additional 290,444 shares in the last quarter. Segall Bryant & Hamill LLC lifted its stake in V.F. by 30.7% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 3,442,936 shares of the textile maker’s stock valued at $40,454,000 after buying an additional 808,474 shares in the last quarter. SG Americas Securities LLC increased its stake in V.F. by 115.2% during the 3rd quarter. SG Americas Securities LLC now owns 113,951 shares of the textile maker’s stock worth $1,644,000 after buying an additional 60,998 shares in the last quarter. Fiduciary Alliance LLC raised its holdings in shares of V.F. by 22.0% during the third quarter. Fiduciary Alliance LLC now owns 586,877 shares of the textile maker’s stock valued at $8,469,000 after acquiring an additional 105,786 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of V.F. by 21.3% in the second quarter. New York State Common Retirement Fund now owns 573,649 shares of the textile maker’s stock valued at $6,740,000 after acquiring an additional 100,680 shares in the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VFC has been the subject of a number of analyst reports. Wall Street Zen upgraded V.F. from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Needham & Company LLC reaffirmed a “buy” rating on shares of V.F. in a report on Thursday, January 8th. Piper Sandler boosted their target price on V.F. from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Jefferies Financial Group began coverage on V.F. in a report on Wednesday, January 14th. They issued a “hold” rating and a $18.00 price target for the company. Finally, Robert W. Baird set a $25.00 price objective on shares of V.F. in a report on Wednesday, December 17th. Three research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, V.F. has a consensus rating of “Hold” and a consensus price target of $18.22.

About V.F.

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.