V.F. Corporation $VFC Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in V.F. Corporation (NYSE:VFC) by 25.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 956,253 shares of the textile maker’s stock after selling 324,434 shares during the period. Wellington Management Group LLP’s holdings in V.F. were worth $15,950,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Parallel Advisors LLC grew its holdings in shares of V.F. by 27.9% in the 1st quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock worth $46,000 after acquiring an additional 588 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of V.F. by 282.9% during the first quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 2,255 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of V.F. by 151.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,915 shares of the textile maker’s stock valued at $125,000 after purchasing an additional 4,167 shares during the period. Versant Capital Management Inc increased its stake in V.F. by 213.7% in the 2nd quarter. Versant Capital Management Inc now owns 8,078 shares of the textile maker’s stock worth $135,000 after purchasing an additional 5,503 shares in the last quarter. Finally, Optimize Financial Inc increased its stake in V.F. by 1.5% in the 4th quarter. Optimize Financial Inc now owns 40,379 shares of the textile maker’s stock worth $730,000 after purchasing an additional 580 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

Insider Buying and Selling at V.F.

In other V.F. news, Director Richard Carucci bought 20,000 shares of the stock in a transaction on Thursday, August 13th. The shares were purchased at an average cost of $14.73 per share, with a total value of $294,600.00. Following the completion of the transaction, the director directly owned 356,215 shares of the company’s stock, valued at $5,247,046.95. This represents a 5.95% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bracken Darrell purchased 32,894 shares of V.F. stock in a transaction on Friday, July 31st. The stock was bought at an average cost of $14.98 per share, with a total value of $492,752.12. Following the transaction, the insider directly 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 SEC filing for this purchase provides additional information. Corporate insiders own 1.54% of the company’s stock.

V.F. Price Performance

Shares of NYSE:VFC opened at $13.46 on Tuesday. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 0.97 and a beta of 1.57. V.F. Corporation has a 1 year low of $12.94 and a 1 year high of $22.27. 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 business has a fifty day simple moving average of $15.35 and a 200 day simple moving average of $16.95.

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

V.F. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 10th will be given 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 payout ratio is currently 52.17%.

Analysts Set New Price Targets

VFC has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of V.F. from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Wall Street Zen lowered shares of V.F. from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. The Goldman Sachs Group reduced 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. Barclays decreased their price objective on shares of V.F. from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Finally, Williams Trading set a $19.00 price objective on shares of V.F. in a research report on Sunday, May 17th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.21.

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.