V.F. Corporation $VFC Shares Sold by Fiduciary Alliance LLC

Fiduciary Alliance LLC reduced its holdings in V.F. Corporation (NYSE:VFC) by 8.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 589,793 shares of the textile maker’s stock after selling 57,703 shares during the period. Fiduciary Alliance LLC’s holdings in V.F. were worth $10,021,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Segall Bryant & Hamill LLC grew its position in shares of V.F. by 43.4% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 4,938,084 shares of the textile maker’s stock valued at $71,257,000 after buying an additional 1,495,148 shares during the last quarter. Russell Investments Group Ltd. raised its stake in V.F. by 14.0% during the fourth quarter. Russell Investments Group Ltd. now owns 659,773 shares of the textile maker’s stock worth $11,930,000 after acquiring an additional 81,006 shares during the period. Captrust Financial Advisors raised its stake in V.F. by 28.0% during the fourth quarter. Captrust Financial Advisors now owns 90,873 shares of the textile maker’s stock worth $1,643,000 after acquiring an additional 19,880 shares during the period. Handelsbanken Fonder AB lifted its holdings in V.F. by 19.1% in the fourth quarter. Handelsbanken Fonder AB now owns 112,000 shares of the textile maker’s stock worth $2,025,000 after acquiring an additional 18,000 shares during the last quarter. Finally, Quent Capital LLC lifted its holdings in V.F. by 1,635.2% in the fourth quarter. Quent Capital LLC now owns 13,170 shares of the textile maker’s stock worth $238,000 after acquiring an additional 12,411 shares during the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Richard Carucci bought 30,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was purchased at an average cost of $17.17 per share, for a total transaction of $515,100.00. Following the completion of the transaction, the director directly owned 336,043 shares of the company’s stock, valued at approximately $5,769,858.31. This trade represents a 9.80% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.54% of the stock is owned by company insiders.

V.F. Stock Up 1.8%

V.F. stock opened at $17.21 on Thursday. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 1.36 and a beta of 1.57. The company has a current ratio of 1.84, a quick ratio of 1.21 and a debt-to-equity ratio of 1.90. The company’s 50-day moving average price is $17.92 and its two-hundred day moving average price is $18.42. V.F. Corporation has a 52 week low of $11.10 and a 52 week high of $22.27.

V.F. (NYSE:VFC) last issued its quarterly earnings results on Wednesday, May 20th. The textile maker reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.28). The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.13 billion. V.F. had a return on equity of 21.05% and a net margin of 2.65%.The company’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.13) earnings per share. On average, analysts expect that V.F. Corporation will post 1.1 EPS for the current fiscal year.

V.F. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Wednesday, June 10th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.36 annualized dividend and a yield of 2.1%. V.F.’s payout ratio is presently 56.25%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VFC shares. Evercore set a $18.00 target price on V.F. in a report on Thursday, May 21st. Citigroup assumed coverage on V.F. in a report on Thursday, May 21st. They issued a “neutral” rating and a $18.00 price target on the stock. Weiss Ratings lowered V.F. from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th. Wells Fargo & Company lowered their price objective on V.F. from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st. Finally, Seaport Research Partners raised V.F. from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $18.58.

V.F. Company Profile

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.