Barclays PLC Has $16.29 Million Stake in V.F. Co. (NYSE:VFC)

Barclays PLC boosted its stake in V.F. Co. (NYSE:VFCGet Rating) by 61.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 544,788 shares of the textile maker’s stock after buying an additional 207,952 shares during the quarter. Barclays PLC owned approximately 0.14% of V.F. worth $16,293,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Parametrica Management Ltd bought a new position in V.F. in the 3rd quarter valued at $234,000. Rockefeller Capital Management L.P. raised its position in shares of V.F. by 180.0% during the third quarter. Rockefeller Capital Management L.P. now owns 256,212 shares of the textile maker’s stock worth $7,662,000 after acquiring an additional 164,719 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of V.F. by 1.7% during the third quarter. Daiwa Securities Group Inc. now owns 21,371 shares of the textile maker’s stock worth $639,000 after acquiring an additional 358 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of V.F. by 30.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 124,682 shares of the textile maker’s stock worth $3,808,000 after acquiring an additional 29,113 shares during the last quarter. Finally, Hartford Investment Management Co. raised its position in shares of V.F. by 1.8% during the third quarter. Hartford Investment Management Co. now owns 31,352 shares of the textile maker’s stock worth $938,000 after acquiring an additional 550 shares during the last quarter. Institutional investors and hedge funds own 96.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays dropped their target price on V.F. from $35.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, October 27th. Guggenheim dropped their price objective on V.F. to $48.00 in a report on Thursday, October 27th. StockNews.com downgraded V.F. from a “hold” rating to a “sell” rating in a report on Friday, November 4th. Stifel Nicolaus dropped their price objective on V.F. from $43.00 to $35.00 in a report on Thursday, September 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on V.F. from $56.00 to $43.00 and set a “buy” rating for the company in a report on Friday, September 30th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.90.

V.F. Stock Performance

VFC opened at $30.26 on Wednesday. V.F. Co. has a 52-week low of $25.05 and a 52-week high of $69.48. The firm has a market capitalization of $11.76 billion, a PE ratio of 28.02, a PEG ratio of 4.59 and a beta of 1.40. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.55 and a current ratio of 1.06. The business’s 50-day simple moving average is $29.64 and its 200 day simple moving average is $35.17.

V.F. (NYSE:VFCGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The textile maker reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.01). The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.10 billion. V.F. had a net margin of 3.60% and a return on equity of 29.99%. As a group, sell-side analysts expect that V.F. Co. will post 2.1 earnings per share for the current fiscal year.

Insider Buying and Selling at V.F.

In other V.F. news, Director Mark Samuel Hoplamazian acquired 17,500 shares of the company’s stock in a transaction on Friday, December 9th. The shares were purchased at an average price of $28.04 per share, for a total transaction of $490,700.00. Following the completion of the purchase, the director now directly owns 28,655 shares of the company’s stock, valued at $803,486.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Benno O. Dorer bought 10,000 shares of the stock in a transaction dated Tuesday, December 13th. The shares were bought at an average price of $28.50 per share, for a total transaction of $285,000.00. Following the completion of the purchase, the chief executive officer now owns 10,000 shares in the company, valued at $285,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Samuel Hoplamazian bought 17,500 shares of the stock in a transaction dated Friday, December 9th. The shares were purchased at an average price of $28.04 per share, for a total transaction of $490,700.00. Following the purchase, the director now owns 28,655 shares of the company’s stock, valued at approximately $803,486.20. The disclosure for this purchase can be found here. Corporate insiders own 0.90% of the company’s stock.

About V.F.

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for V.F. (NYSE:VFC)

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