Fiduciary Alliance LLC Purchases 105,786 Shares of V.F. Corporation $VFC

Fiduciary Alliance LLC raised its holdings in shares of V.F. Corporation (NYSE:VFC) by 22.0% in the third quarter, HoldingsChannel.com reports. The firm owned 586,877 shares of the textile maker’s stock after buying an additional 105,786 shares during the period. Fiduciary Alliance LLC’s holdings in V.F. were worth $8,469,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of VFC. Russell Investments Group Ltd. grew its holdings in shares of V.F. by 11.1% during the first quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker’s stock valued at $4,306,000 after buying an additional 27,727 shares during the last quarter. Segall Bryant & Hamill LLC lifted its position 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 acquiring an additional 808,474 shares in the last quarter. SG Americas Securities LLC boosted its stake in V.F. by 134.8% during the 2nd quarter. SG Americas Securities LLC now owns 52,953 shares of the textile maker’s stock valued at $622,000 after purchasing an additional 30,405 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in V.F. by 94.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,975 shares of the textile maker’s stock worth $58,000 after purchasing an additional 2,421 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake 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 worth $6,740,000 after purchasing an additional 100,680 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on VFC shares. Robert W. Baird set a $25.00 target price on V.F. in a research report on Wednesday. Guggenheim began coverage on shares of V.F. in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Wells Fargo & Company upped their target price on shares of V.F. from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Zacks Research raised shares of V.F. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. Finally, Baird R W raised shares of V.F. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, V.F. presently has a consensus rating of “Hold” and a consensus target price of $15.91.

V.F. Trading Down 2.6%

NYSE VFC opened at $18.53 on Thursday. The business’s fifty day moving average is $16.01 and its 200-day moving average is $14.21. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.36 and a quick ratio of 0.87. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 84.21, a PEG ratio of 1.91 and a beta of 1.67. V.F. Corporation has a one year low of $9.41 and a one year high of $29.02.

V.F. (NYSE:VFC) last posted its quarterly earnings data on Tuesday, October 28th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.73 billion. V.F. had a net margin of 0.95% and a return on equity of 20.34%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. Equities research analysts predict that V.F. Corporation will post 0.73 EPS for the current year.

V.F. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Wednesday, December 10th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, December 10th. V.F.’s payout ratio is 163.64%.

V.F. Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.