UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Holdings in V.F. Corporation $VFC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in V.F. Corporation (NYSE:VFC) by 3.7% during the 2nd quarter, Holdings Channel reports. The firm owned 1,166,296 shares of the textile maker’s stock after selling 44,980 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in V.F. were worth $19,454,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC raised its position in V.F. by 27.9% during the 1st quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock valued at $46,000 after purchasing an additional 588 shares in the last quarter. Root Financial Partners LLC grew its position in shares of V.F. by 282.9% during the 1st quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock worth $52,000 after buying an additional 2,255 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of V.F. by 151.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,915 shares of the textile maker’s stock valued at $125,000 after buying an additional 4,167 shares during the period. Versant Capital Management Inc raised its holdings in shares of V.F. by 213.7% in the second quarter. Versant Capital Management Inc now owns 8,078 shares of the textile maker’s stock valued at $135,000 after acquiring an additional 5,503 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of V.F. by 7.7% in the second quarter. Hsbc Holdings PLC now owns 29,518 shares of the textile maker’s stock valued at $492,000 after acquiring an additional 2,121 shares in the last quarter. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VFC. The Goldman Sachs Group lowered their price target on shares of V.F. from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Needham & Company LLC reduced their price target on V.F. from $25.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. BTIG Research restated a “buy” rating on shares of V.F. in a research note on Friday, July 24th. Stifel Nicolaus cut their target price on V.F. from $19.00 to $17.00 and set a “hold” rating on the stock in a research note on Thursday, July 30th. Finally, Zacks Research downgraded shares of V.F. from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $18.21.

Insider Activity

In other V.F. news, insider Bracken Darrell purchased 32,894 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were acquired at an average price of $14.98 per share, for a total transaction of $492,752.12. Following the completion of the purchase, the insider owned 1,402,109 shares of the company’s stock, valued at approximately $21,003,592.82. The trade was a 2.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Carucci acquired 20,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were bought at an average price of $14.73 per share, for a total transaction of $294,600.00. Following the acquisition, the director owned 356,215 shares of the company’s stock, valued at approximately $5,247,046.95. This represents a 5.95% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 82,894 shares of company stock valued at $1,302,452. Corporate insiders own 1.54% of the company’s stock.

V.F. Stock Performance

Shares of VFC stock opened at $13.46 on Friday. V.F. Corporation has a 12-month low of $12.94 and a 12-month high of $22.27. The business’s fifty day simple moving average is $15.41 and its 200-day simple moving average is $17.02. The company has a current ratio of 1.43, a quick ratio of 0.78 and a debt-to-equity ratio of 1.70. The company has a market cap of $5.29 billion, a PE ratio of 19.51, a PEG ratio of 0.95 and a beta of 1.57.

V.F. (NYSE:VFC) last posted its quarterly earnings data on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). V.F. had a return on equity of 18.91% and a net margin of 2.88%.The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the business earned ($0.24) EPS. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. Analysts expect that V.F. Corporation will post 1.07 earnings per share for the current fiscal year.

V.F. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 10th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, September 10th. V.F.’s dividend payout ratio (DPR) is currently 52.17%.

V.F. 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.